Islamabad: The Cabinet Committee on Economic Recovery has presented a detailed road map in which a plan to cut 14 trillion expenses has been presented.
Under this plan, salaries, pensions and allowances will be frozen, the staff ratio of officers will also be reduced, a revision plan has been prepared for untargeted subsidies and grants for lower expenditure, reduction in PSDP and ADPs. Proposals are also under consideration whereby new schemes will be stopped and supplementary grants will not be allowed
The government has focused on viable public-private partnership projects and has finalized several proposals under austerity measures, but the time frame for implementation at the federal and provincial levels is not clear.
According to details, in an effort to reduce expenditure by Rs 14 trillion, the Cabinet Committee on Economic Revival has envisaged a detailed road map that includes freezing of salaries, pensions and allowances as well as reducing the officer-to-staff ratio. included.
The government has prepared a plan to review untargeted subsidies and grants to reduce expenditure, the last budget of the current fiscal year has a subsidy bill of Rs 10.64 billion, of which power sector subsidies are 9 They are going to use a major portion equal to 70 billion rupees.
