The government presented its third federal budget (FY 2021-22) in Parliament on the 12th of June, 2021. The budget built on the better-than-expected snapshot of the economy presented in the Pakistan Economic Survey 2020-21, which projects a growth rate of 3.94% for FY 2021-22. In line with the forecasted growth, overall expense for the fiscal year is budgeted at PKR 8.48 trillion. Notable priorities include sustainable growth, special initiatives such as the Naya Pakistan Housing Scheme and the Kamyab Jawan Programme, increased development spending under the PSDP compared to previous years, optimal revenue mobilization and expedited refunds. The budget follows the medium-term budget strategy approved by the federal cabinet in April 2021.