Budget Notes of 2023-2024
Budget Allocation:
- The budget for the fiscal year 2023-2024 includes allocations for various sectors such as healthcare, education, infrastructure, defense, and social welfare programs.
Revenue Generation:
- The government plans to increase revenue generation through measures like tax reforms, privatization of state-owned enterprises, and promoting foreign direct investment.
Fiscal Deficit:
- The government aims to reduce the fiscal deficit by increasing revenue streams and controlling expenditure. Efforts will be made to ensure fiscal discipline and sustainability.
Healthcare Sector:
- Increased allocation for the healthcare sector to improve infrastructure, expand healthcare services, and enhance access to quality healthcare for all citizens.
Education Sector:
- Focus on improving the quality of education, enhancing digital infrastructure in schools, and promoting skill development programs to meet the demands of the growing job market.
Infrastructure Development:
- Significant investment in infrastructure development projects such as roads, railways, airports, and ports to boost economic growth and create employment opportunities.
Defense Budget:
- Allocation for defense budget to strengthen national security, modernize the armed forces, and enhance military capabilities to address evolving security challenges.
Social Welfare Programs:
- Continued support for social welfare programs aimed at uplifting marginalized communities, providing food security, and promoting inclusive growth.
Overall Economic Outlook:
- The budget aims to promote economic growth, create employment opportunities, reduce poverty, and improve the standard of living for all citizens. It focuses on sustainable development and inclusive growth.