Who placed before the assembly the federal budget for the government term 2019-2020?
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Answer: C. Hammad Azhar
Explanation
Hammad Azhar formally presented the federal budget for the 2019-2020 fiscal year before the assembly. He served as the minister of state for revenue when delivering this crucial economic policy document. His budget presentation outlined the government's financial strategies and taxation targets for that year. The federal budget is an annual statement of estimated revenues and expenditures presented to parliament. Fiscal years in Pakistan typically run from July of one calendar year to June of the next. Ministers of state often assist cabinet ministers or temporarily hold charge of key economic portfolios.
Budget speeches are closely watched by businesses, investors, and citizens to anticipate cost-of-living changes. Legislative approval of the national budget is a fundamental requirement for government expenditure authorization. Economic management during fiscal transitions significantly impacts national growth rates and inflation figures. Hafeez Shaikh served as an advisor on finance later on but did not present this specific budget. Asad Qaiser presided over the National Assembly as speaker rather than delivering the financial budget. Asad Umar served as the initial finance minister before stepping down prior to this budget presentation.
- Subject
- Current Affairs
- Category
- Pakistan Current Affairs
- Topic
- —
- Difficulty
- medium
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