Finance Minister Ishaq Dar revealed the national budget 2017-18 today (Friday).
Here are its features at a glance:
– The total outlay of the budget 2017-18 is Rs 5,301 billion.
– The resource availability during 2017-18 has been estimated at Rs 4,681.2 billion.
-The net revenue receipts for 2017-18 have been estimated at Rs. 2,926 billion.
– The provincial share in federal taxes is estimated at Rs. 2,348.2 billion.
The net capital receipts for 2017-18 have been estimated at Rs. 552.5 billion.
-The external receipts in 2017-18 are estimated at Rs. 837.8 billion, showing an increase of 2.2 percent.
-The overall expenditures during the 2017-18 have been estimated at Rs 5,103.8 billion.
-The share of current and development expenditures respectively in total budgetary outlay for 2017-18, is 73.7 percent and 26.3 percent.
-The expenditure on general public service is estimated at Rs. 2,553.6 billion.
-The expenditure on general public service is estimated at 2,553.6 billion.
-The development expenditure outside PSDP has been estimated Rs 152.2 billion.
TAX REVENUE 4,330.5 billion
- FBR Taxes 4,013.0
• Other taxes 317.5
NON-TAX REVENUE 979.9 billion
- a) Gross Revenue Receipts 5,310.3
b) Less provincial share 2,384.2
- i) Net revenue receipts (a-b) 2,926.1
ii) Capital receipts (non-bank) 528.0
iii) External receipts (net) 511.4
iv) Estimated provincial surplus 347.3
v) Bank borrowing 390.1
vi) Privatization proceeds 50.0
TOTAL RESOURCES (i to vi) 4,752.9
- CURRENT 3,477.1
Interest payments 1,363.0
Defence affairs & services 920.2 billion
Grants and transfers 430.2 billion
Subsidies 138.8 billion
Running of civil government 376.8 billion
- DEVELOPMENT 1,275.8
Federal PSDP 1,001.0 billion
Net lending 122.6 billion
Other development expenditure 152.2 billion
TOTAL EXPENDITURE (A+B) 4,752.9