The government is likely to announce federal budget (2010-2011) on May 15, 2010, sources told Business Recorder on Monday. According to reliable sources, the Senate Standing Committee on Finance and Revenue had recommended last year while presenting (2009-2010 Budget) that next annual budgets should be tabled by the end of May every year.

The Minister of State for Finance and Revenue had also announced in her winding up Budget Speech 2009-2010 that during next financial year and beyond, the government shall ensure that the budget is presented on or before May 30 for parliamentary scrutiny. The Finance Minister has expressed that Budget for the year 2010-2011 may be announced on May 15, 2010, sources added.

Copyright Business Recorder, 2010