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Lahore
Wednesday, February 5, 2025

ECC approves Rs24 billion for supplementary budget.

The Economic Coordination Committee (ECC) approved a Rs24 billion supplementary budget to settle government liabilities and address budget shortfalls. The finance ministry pledged to discourage future supplementary grants, maintaining fiscal discipline. The ECC, chaired by Finance Minister Muhammad Aurangzeb, approved nine grants, including subsidies for wheat and oil, employee separation schemes, media dues, and procurement needs. The ECC also decided to use the forum for critical economic decisions rather than issuing budgets to ministries. The government agreed with the IMF not to release additional supplementary grants. Funds for subsidies and other expenses were allocated from contingency funds and existing relief packages.

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