By Mehtab HaiderISLAMABAD: The government has decided to cut subsidies by Rs 100 billion, brining them from Rs 220 billion to Rs 120 billion, and impose a huge 10-15 per cent Capital Gains Tax on moveable and immovable land transactions in the new budget, it is learnt.The PPP-led government has turned down a proposal for imposing the Gross Asset Tax on the ground that it was not progressive taxation. Out of the total Rs 120 billion subsidies for 2009-10, the government is going to allocate Rs 35 billion for wheat, Rs 10-15 billion for the fertiliser sector and the remaining amount for the power sector.In an exclusive interview with The News here at his office soon after the Prime Minister Syed Yousuf Raza Gilani’s visit to the Finance Ministry on Monday, the Adviser to the PM on Finance Shaukat Tarin said that the total outlay of the “pro-poor budget” would be hovering around at Rs 2.9 trillion with the fiscal deficit target in the range of 4.9 per cent of the GDP. “The FBR’s revenue target will be hovering around at Rs 1,400 billion while the non-tax revenues will be collected at Rs 575 billion in the next budget,” he added.The defence budget, he said, will be standing at Rs 345 billion. The non-tax revenue collection will be Rs 575 billion and around $1 billion would be received from the US in shape of military reimbursement for rendering military services in the tribal areas.Regarding the GST on services, he said the document sector will be brought under tax net in consensus with the four provinces. “We have decided to hand over the whole collected amount in shape of GST on services to the provinces after deducting 5 per cent collection charges,” he added.He further said the increasing revenue collection was not the aim of the federal government but moving towards slapping the GST on services they actually wanted to establish a principle in consultation with the provinces to expand the tax net on all areas.However, the sources said that the Finance Ministry had informed the prime minister that the government would collect Rs 20 billion with imposition of the GST on services by the next budget. “We will start the GST on services by bringing the documented sector under the tax net and expanding it in a gradual manner.”