ISLAMABAD  -  The government is all set to present its second Federal Budget with an outlay of about Rs 3.8 trillion for Fiscal Year 2014-15 before the Parliament on June 3 (Tuesday). A special budget session of the Parliament (National Assembly and Senate) has already been summoned by the President. Finance Minister Senator Mohammad Ishaq Dar will lay budget proposals for the Financial Year 2014-15 in the House, sources said adding these budget proposals will first be presented for approval before the Federal Cabinet in its special session to be chaired by Prime Minister Nawaz Sharif.

The National Budget for the upcoming Financial Year (2014-15) envisages revival economy, overcoming challenges at economic front particularly resolving the energy crisis and reducing non-development expenditures and providing relief to the masses. Federal Minister for Finance, Senator Muhammad Ishaq Dar will announce the Budget 2014-15, after its formal approval from the Federal Cabinet, sources in the Ministry of Finance said.