Budget proposals: Govt sets 4% growth and 8.2% inflation targets
Investment expected to reach 15% of GDP: Growth of agriculture sector is targeted at 3.8, industry at 4.5 and services at 4.2: National savings rate 14.3%, public investment 3% and private sector investment targeted at 10.3%
The federal government has proposed a series of ambitious economic targets for the 2026-27 fiscal year, including a four percent economic growth rate, an investment target of 15 percent of gross domestic product (GDP), and an inflation target of 8.2 per cent.
According to key budget proposals obtained by the 24NewsHD TV channel on Monday, the federal government plans to focus on strengthening economic activity across major sectors while maintaining efforts to control inflation and encourage investment.
Budget documents show that the government has proposed a four percent growth target for the next fiscal year.
The agriculture sector, which remains a key contributor to the economy, has been assigned a growth target of 3.8 percent.
The industrial sector is expected to grow by four percent, while the services sector has been given a target of 4.2 percent.
Large-scale manufacturing, regarded as an important indicator of industrial performance, is projected to expand by 4.5 percent during the fiscal year.
The proposed budget framework also sets an overall investment target of 15 percent of GDP.
In addition, the government aims to achieve a national savings rate of 14.3 percent in the coming financial year.
Documents further reveal plans to raise public investment to three percent of GDP, while private sector investment is targeted at 10.3 percent.
Reporter: Waqas Azeem