Releasing the latest budget document, the Prime Minister stressed that it will maintain fiscal balance and also provide relief to the common people. The budget also focuses on affordable energy and food supply along with allocation for public services.
Major tax reliefs for the middle class include income tax cut by up to 10%, tax exemption on digital wallets, and reduction in sales tax on petrol and diesel by up to 5%. Additionally, import duty applicable on global similar goods has also been reduced, which will reduce the cost of daily necessities.
The Budget also brings in some special schemes in the area of investment: Credible Bio-Future Fund, Start-up Accelerator, and Real Equities on Rural Infrastructure Projects. Along with this, affordable loan scheme for educational and health facilities has also been introduced.
