Govt bets on higher growth, expanded tax base

Govt bets on higher growth, expanded tax base

The federal government is likely to set a GDP growth target of 5.1 per cent and a tax collection goal exceeding Rs15.5 trillion in the budget for the next fiscal year (2026–27), even as global lenders expect the economy to expand at a slower pace. Finance ministry sources said preparations for the upcoming budget are in the final stages, with proposals received from various stakeholders under review and workable suggestions being incorporated. T…