It would also focus on social sector development besides introducing reforms for improving governance and boosting the private sector for investment. On the revenue side, the government would introduce measures for bringing improvements in the system of tax collection, broadening the tax base, and facilitation to tax-payers. Keeping in view the robust growth of revenues during the current fiscal year (2021-22), the government is likely to set the revenue collection target at over Rs.9 trillion for the fiscal year 2023-24. The sources said the preparations for the announcement of the federal budget for fiscal year 2023-24 continued in full swing in accordance with the prescribed timeliness. This is being prepared in close coordination between all departments and ministries involved in budget related events including the presentation of the budget in the Parliament and launching of the Economic Survey, they added.
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