INSUBCONTINENT EXCLUSIVE:
The vote on the Committee Stage of the 2024 Appropriation Bill (Budget) is scheduled to take place on Wednesday (13 Dec.).Accordingly, the
vote on the Committee Stage, also known as the Third Reading of the 2024 Budget is scheduled to take place at 06:00 p.m
Budget Speech, to parliament as part of the broader economic plan.Subsequently, the debate on the second reading of the Appropriation Bill
commenced the following day and continued for seven days
It was by a majority of 45 votes with 122 parliamentarians in total voting in favour and 77 voted against it.According to the Appropriation
Bill of 2024, the total government expenditure has been set at a record Rs
6,978 billion, an increase of nearly 33% compared to 2023.Meanwhile, the budget deficit for the fiscal year 2024 is estimated at Rs
2,851 billion or 9.1 as a percentage of the GDP
This is higher than the revised 8.5% of GDP in the current year
The original target for 2023 was 7.9%.
