ISLAMABAD: The National Assembly will wrap up the general debate on the federal budget for the financial year 2019-20 on Tuesday (today).
The government will wrap up the budget debate, after incorporating various proposals by parliamentarians, by presenting the Finance Bill in the House, seeking approval for mandatory expenditures worth over Rs434 trillion.
The National Assembly is currently in session with Speaker Asad Qaiser in the chair.
The National Assembly has met for over 45 hours with the entire sitting, facing delays owing to a spar between treasury and opposition benches.
The government will seek approval from the Lower House of the Parliament for an allocation of Rs391 trillion to pay off country’s internal and external debts.
The government will also present details of the mandatory expenditures of the President House, the Senate, the National Assembly and other constitutional bodies, seeking formal approval from the House.
Meanwhile, the Senate on Tuesday unanimously approved 154 budget proposals, of 171 proposals, and sent them to the National Assembly for consideration.
The Upper House of the Parliament has proposed an overall increase of 15 per cent in salary and pension including a raise of 20 per cent in salaries of government servants from grade-1 to grade-16.
The Senate has also proposed a 20 per cent ad-hoc relief to government servants (from grade-1 to grade-16) and 10 per cent ad-hoc relief to public servants working in the federal capital.
The Senate has also proposed to exempt public servants earning Rs0.6 million a year from the tax slab, reviving the earlier slab of Rs1 million.
The Senate session chaired by Chairman Sadiq Sanjrani unanimously approved the Finance Bill presented by Senator Farooq H Naek.