Budget is key to continuous economic progress in a sequential manner, Dr. Miftah Ismail.
Salient Features of Budget 2018 – 19 are as follows:
- Total Expenditure: Rs. 5246.0 billion
- Net Federal Revenues: Rs. 3070.0 billion
- Federal Budget Deficit [(1)-(2)]: -2716.0 billion
- Provincial Surplus: Rs. 286.0 billion
- Consolidated Fiscal Deficit [(3)+(4)]: Rs. -1890 billion (-2.9 percent of GDP)
|
Description |
Budget Estimate 2017 – 18 |
Revised Estimate 2017 – 18 |
Budget Estimate 2018 – 19 |
|---|---|---|---|
|
Gross Revenue Receipts |
5,310 |
4,992 |
5,660 |
|
Provincial Transfers |
2,384 |
2,316 |
2,590 |
|
Net Revenue Receipts |
2,926 |
2,676 |
3,070 |
|
Total Federal Expenditure |
4,753 |
4,857 |
5,246 |
|
Current Expenditure |
3,477 |
3,870 |
4,179 |
|
Development and Net Lending |
1,276 |
987 |
1,068 |
|
PSDP |
1,001 |
750 |
800 |
|
Other Development Expenditure |
152 |
153 |
180 |
|
Net Lending |
123 |
83 |
87 |
|
Federal Deficit |
-1827 |
-2180 |
-2176 |
|
Estimated Provinical Surplus |
347 |
274 |
286 |
|
Overall Fiscal Deficit |
-1480 |
-1907 |
-1890 |
|
% of GDP |
-4.1% |
-5.5% |
-4.9% |
|
Financing of Debt |
1480 |
1907 |
1890 |
|
External Financing |
511 |
708 |
342 |
|
Domestic Financing |
918 |
1198 |
1548 |
|
Non-Bank |
528 |
612 |
533 |
|
Bank |
390 |
586 |
1015 |
|
Privatization Proceeds |
50 |
0 |
0 |
|
GDP |
35,919 |
34,396 |
38,388 |
Key Pointers
- 10 percent increment in salaries
- Government announced Amnesty Scheme
- Non-Filers will not be able to buy properties worth Rs. 40 lacs
|
Key Points |
|
|---|---|
|
Salaries |
+10 percent |
|
Pensions |
12,000 |
|
Overtime |
Rs. 80 per hours |
|
Economic Growth |
5.8 percent |
|
Agricultural Growth |
3.8 percent |
|
Inflation |
3.8 percent |
|
Fiscal Deficit (% of GDP) |
5.5 percent |
|
FBR Revenues |
Rs. 3,935 billion |
|
Loans to Agriculture Sector |
Rs. 800 billion |
|
Loans to Private Sector |
Rs. 441 billion |
|
Export Growth |
+13 percent |
|
Import Growth |
+17 percent |
|
Current Account Deficit |
Rs. 12 billion |
|
Foreign Investment |
$ 2.9 billion |
|
Remittances |
$20 billion |
|
SBP Reserves |
$11 billion |
|
Companies Registered (5 Years) |
33,285 |
|
PSDP Budget |
1030 |
|
FBR Revenue Target |
Rs. 4,435 billion |
|
Sales Tax on Agriculture Fertilizer |
2 percent |
|
Agriculture Fund (Announced) |
Rs. 5 billion |
