{"id":63461,"date":"2020-03-31T15:48:36","date_gmt":"2020-03-31T10:48:36","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63461"},"modified":"2020-03-31T15:48:37","modified_gmt":"2020-03-31T10:48:37","slug":"covid-19-finance-ministry-suspends-budget-2020-21-preparations","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/covid-19-finance-ministry-suspends-budget-2020-21-preparations.html","title":{"rendered":"COVID-19: Finance Ministry suspends budget 2020-21 preparations"},"content":{"rendered":"\n<p>Islamabad: The Ministry of\nFinance (MoF) recently announced its decision to halt the formulation of Budget\n2020-21 due to the novel coronavirus outbreak in the country, a news source\nreported.<\/p>\n\n\n\n<p>As per the publication, the government intended to present the budget for the coming fiscal year either at the end of May or the beginning of June this year. However, these plans have been put on hold for now. <\/p>\n\n\n\n<p><strong>Read:<a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-announces-two-week-closure.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" Punjab govt announces two-week closure of non-essential services (opens in a new tab)\"> <\/a><\/strong><a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-announces-two-week-closure.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" Punjab govt announces two-week closure of non-essential services (opens in a new tab)\">Punjab govt announces two-week closure of non-essential services<\/a><\/p>\n\n\n\n<p>Earlier, the MoF had approved a medium-term budget strategy paper for three years from the federal cabinet. Under the strategy paper, the economic team had recommended PKR 300 billion for the Ehsaas Programme, PKR 1 trillion for pensions &amp; civil government, and PKR 700 billion to PKR 900 billion for the Public Sector Development Programme. In addition, the team had also proposed a budget of PKR 1,250 billion to PKR 1,750 billion for defence expenses and 3.3 trillion for interest payments.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fda-requests-punjab-govt-accord-commercial-status-21-roads.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FDA requests Punjab govt to accord \u2018commercial\u2019 status to 21 roads (opens in a new tab)\">FDA requests Punjab govt to accord \u2018commercial\u2019 status to 21 roads<\/a><\/p>\n\n\n\n<p>The economic team had further proposed PKR 270 billion for subsidies, PKR 1 trillion for grants, PKR 80 billion for disasters &amp; crisis, and PKR 150 billion for the development of the newly merged districts in <a href=\"https:\/\/www.zameen.com\/news\/kp-seek-help-volunteers-fight-against-corornavirus.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Khyber Pakhtunkhwa (KP). (opens in a new tab)\">Khyber Pakhtunkhwa (KP).<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Ministry of Finance (MoF) recently announced its decision to halt the formulation of Budget 2020-21 due to the novel coronavirus outbreak in the country, a news source reported. As per the publication, the government intended to present the budget for the coming fiscal year either at the end of May or the beginning of June this year. However, these plans have been put on hold for now. Read: Punjab govt announces two-week closure of non-essential services Earlier, the MoF had approved a medium-term budget strategy paper for three years from the federal cabinet. Under the strategy paper, the economic team had recommended PKR 300 billion for the Ehsaas Programme, PKR 1 trillion for pensions &amp; civil government, and PKR 700 billion to PKR 900 billion for the Public Sector Development Programme. In addition, the team had also proposed a budget of PKR 1,250 billion to PKR 1,750 billion for defence expenses and 3.3 trillion for interest payments. Read: FDA requests Punjab govt to accord \u2018commercial\u2019 status to 21 roads The economic team had further proposed PKR 270 billion for subsidies, PKR 1 trillion for grants, PKR 80 billion for disasters &amp; crisis, and PKR 150 billion for the&hellip;<\/p>\n","protected":false},"author":76,"featured_media":63462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15020],"tags":[23940,24725,24724],"persona":[],"class_list":{"0":"post-63461","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-social-developments","9":"tag-covid-19","10":"tag-medium-term-budget-strategy-paper","11":"tag-ministry-of-finance-mof","12":"cat-15016-id","13":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>COVID-19: Finance Ministry suspends budget 2020-21 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Ministry of Finance (MoF) recently announced its decision to halt the formulation of Budget 2020-21 due to the novel coronavirus\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/covid-19-finance-ministry-suspends-budget-2020-21-preparations.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19: Finance Ministry suspends budget 2020-21 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Ministry of Finance (MoF) recently announced its decision to halt the formulation of Budget 2020-21 due to the novel coronavirus\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/covid-19-finance-ministry-suspends-budget-2020-21-preparations.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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