Preparations for the new Federal Budget 2024-25 are facing massive delays as the government prepares to consult on each and every item with the International Monetary Fund (IMF) before proceeding further.The lender's mission is expected to arrive in the coming few weeks, sources told ProPakistani.Sources said this has seriously impacted the planned schedule. The Budget Strategy Paper 2024-27, which was originally intended for approval by April 22, has not been finalized yet.Sources informed that meetings of the Annual Plan Coordination Committee (APCC) have not been convened as scheduled. However, it's anticipated that the National Economic Council meeting will take place in the second week of May.The completion of budget documents for presentation to the cabinet is expected by the end of this month. Subsequently, the budget for the upcoming financial year will likely be presented in Parliament during the first week of June. Prior to its presentation, the budget document will undergo approval by the federal cabinet after final touches by the IMF.Budget 2024-25 TimelineS# Activity Concerned Office Timeline1 Issuance of Budget Call Circular Finance Division Feb-242 Laying of Mid-Year Review Report before NA Finance Division Feb-243 Submission of Form Ii. Medium Term KPIs and TargetsFY2024-25 to 2026-27ii. Medium Term Performance Based BudgetFY2024-25 to 2026-27 PAOs i. 11th March2024ii. Along withBO/NIS4 Submission of Gender Responsive Budgeting -Form II PAOs 14th June 20245 Submission of Green Budgeting - Form III PAOs 14th June 20246 Federal Receipts (Non-Tax Revenue)Revised Estimates (FY2023-24) andBudget Estimates (FY2024-25) includingproposals for new non-tax measures - FormIV PAOs 11th March 20247 Public Accounts Receipts and Expenditure,Revised Estimates (FY2023-24) andBudget Estimates (FY2024-25) - Form V PAOs 11th March 20248 Details of Bank Accounts/Investments -Form VI PAOs 11th March 20249 Submission of Revised Estimates(FY2023-24) Current a nd DevelopmentExpenditure - Form VII PAOs 11-Mar-2410 Submission of Medium-Term Budget Estimates(FY2024-25 to 2026-27) Current and DevelopmentExpenditure - Form VIII PAOs 11th March 202411 Submission of Posts Proforma FederalGovernment Employees - Form X and/or XI PAOs 5th April 202412 Submission of Quarter-Wise Budget Estimates(FY2024-25) Current and DevelopmentExpenditure - Form XII and XIII PAOs 30th June 202413 Details of Assets - Form XIV PAOs 11 th March 202414 Sector-wise Details of Development Projects -Form XV Planning Division 11th March 202415 Submission of Foreign Exchange RevisedEstimates (FY2023-24) and Budget Estimates(FY2024-25) -Form XVI to XXI PAOs 7th May 202416 Recommendations from Expenditure Wing onRevised and Proposed Budget Estimates ExpenditureWing 17th March 202417 Preparation of Medium-Term NationalMacroeconomic and Fiscal Framework EA Wing 3rd week March202418 Budget Review Committee meetings Finance Division 22nd March till 5thApril 20 2419 Intimation of Exchange Rate Finance Division 18th April 202420 Approval of Budget Strategy Paper (BSP)FY2024-27 Finance Division 22nd April 202421 Issuance of IBCs for current and developmentbudget (one line to M/o PDandSI) Finance Division 24th April 202422 Issuance of PAO Wise IBCs for Development Planning Division 30th April 202423 Submission of BO/NIS for Current Budget PAOs 29th April to 6th May202424 APCC Meetings Planning Division 1st week May 202425 NEC Meetings Planning Division 2nd week May 202426 Submission of BO/NIS for Development Budget PAOs 3rd week May 202427 Completion of all Budget Documents, Schedulesand Summaries for the Cabinet etc. Finance Division End May 202428 Presentation of Budget to the Cabinet and theParliament Finance Division 1st week June 2024Source: Pro Pakistani