2nd July 2015
Finance Bill 2015-16 was announced on June 5, 2015 with the Fiscal Policy for the Financial year July 2015 to June 2016.
According to Irfan Ilyas, Partner at Ilyas Saeed & Co, the current financial year (2014-15) saw the stabilisation of economy to a great extent with lowest inflation of 2.1% since 2003-04. GDP growth rate slightly improved to 4.2% during the financial year.
The 2015-16 budget is targeting a 5.5% economic growth. Overall targets set by the Government for growth are achievable given the right policies and strategies to be implemented at governance and monitoring frameworks.
Ilyas Saeed & Co has outlined its comments as ‘Budget Memorandum 2015’ on Finance bill for its clients and all interested parties. It is available on www.ilyassaeed.com/budget-brief.