Federal Govt has issued the schedule of the Financial Year 2020-21 Budget.  According to Finance Division Budget Call Circular Notification No. No.F.1(1)/D.S.(Budget)/ BCC 2020-21 dated 06-02-2020, the tentative date of announcement of Budget 2020-21 Federal Govt of Pakistan is fixed during the month of May 2020. According to the Daily Dunya, it is expected that the Budget 2020-21 will be presented on 29^th May 2020.

News Updates Regarding Date of Announcement of Budget 2020-21

According to the Daily Express dated 09-05-2020 the latest updates of the date of announcement of Budget 2020-21 are that the Budget may, the Government announced on 5th June 2020 or 12th June 2020. I shall share the latest updates in this regard as and when the Government of Pakistan final it. Earlier according to the Notification, the tentative announcement of the budget, the Government planned in May 2020. But due to the covid-19 epidemic situation in Pakistan the date, Govt has to extend to June 2020.

Final Date

Government of Pakistan Federal Govt has decided to announce Budget 2020-2021 on 12th June 2020. So wait for the 12-06-2020 and hence the expectations of the salary increase for employees.

Finance Division issued Budget Call Circular on 06-02-2020, the Budget Calendar 2020-21 is as under. The time-schedule prescribed for the submission of budget estimates in respect of Receipts as well as Current and Development expenditure of the Federal Government on Chart of Accounts is given below:

FEDERAL RECEIPTS

CURRENT AND DEVELOPMENT EXPENDITURES (REVENUE & CAPITAL)

   Further Schedule

BUDGET FINANCING AND DEBT SERVICING (Domestic & External)

If there is any further amendment or change in the date of announcement of the Budget 2020-21 for the Federal Government of Pakistan, will be updated here. So keep tuned with us.

Budget 2020 Pakistan & Govt Employees

The annual Budget is very important in connection with the Government Employees of Pakistan. The Prime Minister of Pakistan advised the Government employees to be patient during the previous budget 2019-20 as the financial situation of the country was very bad. The PM advised making patients for two years. Now the Government in the coming budget will complete nearly two years. The salaries of all the employees of Pakistan are required to be increased. The main reason for the same is that the businessmen, shopkeepers, transporters and other private factor peoples have adjusted themselves according to the dearness in the country. They have increased the rates of their items, labor charges, fares, etc but the employees cannot do so as their salaries are fixed.

Exceptions of Employees

Now the situation of the employees is very critical especially the lower grade employees. They are forced to borrow money to fulfill the demands of their daily. They cannot afford the high increased utility bill payments. Sui Gas Bills, Electricity, WASA bills are now their big enemies. Daily increasing prices of medicines, flour, sugar, vegetables, etc are out of control of the employees.

Keeping in view the dearness, the rates of the flats, houses, etc are also now at the hike. So all the Government employees are looking forward to the best budget for them. If the Government does not increase the salaries of the employees at reasonable rates, it will be very difficult for them to face the difficulties of life. They will not be able to provide their families with the best medical facilities, the best education for their children, and better food for the family. I hope the Government of Pakistan will win the heart of the employees in the coming budget.

Salary Increase Budget 2021-22

There are chances that Government may grant a 15% extra allowance to Federal Government employees. Although the Federal Government has already granted DRA 2021 @ 25% on the running basic pay wef 1st March 2021 to certain departments of the FG.  Provinces have not yet granted the same to their employees. The Government can also revise the pay scales and issue Basic Pay Scales 2021.