Islamabad (News Desk) The provinces have refused to pay 750 billion rupees to the federation in the current financial year.
According to sources in the Ministry of Finance, the provinces are not able to return the surplus of 750 billion rupees, the estimated expenditure has increased due to the damage caused by the floods in the provinces. There is a danger that the income will decrease due to the floods. Surplus 750 billion rupees from the provinces to the federation. The condition of the IMF was that the provinces will give a surplus of 750 billion rupees to the federation. Sources of the Ministry of Finance also said that due to the lack of surplus from the provinces – if the condition is met, there is a fear that the budget deficit of the federation will increase, the budget deficit target for the current fiscal year is 3 thousand 797 could exceed billions, it will be difficult to do so as the provinces do not pay. Limit Budget Deficits Due to costs, provinces may give the federation less than the budget surplus target.