Monday, 2 June 2014
Salary and Pensions increase 10-15% in Coming Budget 2014-15
According to sources Ministry of Finance has finally prepared next spending budget and Federal minister of Finance Mr. Ishaq Dar will announced budget in National Assembly on 3rd June 2014.
Members of ministry introduced 2 choices for the hike in salary and retirement pensions in meeting chaired by PM Nawaz Sharif.
In 1st option they stated if we increase salary and retirement benefits 10 % financial impact on budget will be Rs. 30 billion rupees. In 2nd option, it has proposed 15 percent in salary and pensions for all government servants then extra financial impact on budget will be Rs. 45 billion.
Now finally decision on these suggestions will be taken at conference by federal cabinet and then budget will likely be announced by Mr. Ishaq Dar on Tuesday 3 may 14.
