The federal government has presented a budget for the financial year 2020-2020 in which it has been proposed to allocate Rs. 1.29 trillion for the defence budget.

In the National Assembly, Minister for Industries and Production Hamad Azhar presented the budget for the financial year 2020-21, in which he said that in difficult circumstances, we are grateful to the Armed Forces of Pakistan for their austerity.

It may be recalled that during the financial crisis in the country during the Coronavirus, the government has presented a budget of Rs 70.13 trillion and announced no new tax.

It should be noted that during the current financial year 2019-20, which lasted till June 30, the government had kept the defence budget the same as the previous financial year, mainly due to the economic difficulties facing the country.

Note that Pakistan Tehreek-e-Insaf-led Federal government has announced the budget for this fiscal year. This is the second budget proposed by PTI.

The PTI-led government had announced its first budget in June 2019 and prices of different commodities and taxes on them were decided to be followed in Pakistan.

Also read: Federal Minister Hammad Azhar presents the budget 2020-21