NA passes federal budget for next fiscal year-. Finance Minister says next NFC Award would be announced after developing consensus with all the provinces
Finance Minister Ishaq Dar says the current National Finance Award would remain intact until the announcement of the next award.He was explaining reasons behind delay in the announcement of next NFC Awad while winding up budget debate in the National Assembly. Ishaq Dar said the government wants to allocate three per cent each out of the gross divisible pool to meet expenses for additional security and FATA, Gilgit-Baltistan and Azad Kashmir.He said proposals needed consensus from the provinces and the next award would be announced as soon as the consensus developed in this regard.Foreign debt of the country was 48.1 billion dollars in 2013 and now it is 41.9 billion dollars.
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Analysts on Telephone
Dr.Mehbob Ur Rehman (Economist )
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