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Pakistan Budget 2015-16

Salient Features :-

The budget 2015-16 has the following salient features:

a)    The total outlay of budget 2015-16 is Rs 4,451.3 billion. This size is 3.5% higher than the size of budget estimates 2014-15.

b)    The resource availability during 2015-16 has been estimated at Rs 4,168.3 billion against Rs 4,073.8 billion in  the budget estimates of 2014-15.

c)     The net revenue receipts for 2015-16 have been estimated at Rs 2,463.4 billion indicating an increase of 10.7% over the budget estimates of 2014-15.

d)    The provincial share in federal taxes is estimated at Rs 1,849.4 billion during 2015-16, which is 7.5% higher than the budget estimates for 2014-15.

e)    The net capital receipts for 2015-16 have been estimated at Rs 606.3 billion against the budget estimates of Rs 690.7 billion in 2014-15 i.e. a decline of 12.2%.

f)      The external receipts in 2015-16 are estimated at Rs 751.5 billion. This shows an increase of 12.1% over the budget estimates for 2014-15.

g)    The overall expenditure during 2015-16 has been estimated at Rs 4,451.3 billion, out of which the current expenditure is Rs 3,482.2 billion and development expenditure is Rs 969 billion.

h)    The share of current and development expenditure respectively in total budgetary outlay for 2015-16 is 78.2% and 21.8%

i)      The expenditure on General Public Services is estimated at Rs 2,446.6 billion which is 70.3% of the current expenditure.

j)      The other development expenditure outside PSDP for 2015-16 has been estimated at Rs 164.4 billion.

k)     The size of Public Sector Development Programme (PSDP) for 2015-16 is Rs 1,513.7 billion. Out of this, Rs 813.7 billion has been allocated to provinces.  Federal  PSDP  has  been  estimated  at  Rs 700 billion, out  of which Rs 252.6 billion to Federal Ministries / Divisions, Rs 271.9 billion to Corporations, Rs 20 billion to Pak Millennium Development Goals and Community Development Programme (MDGs), Rs 28.5 billion to Special Federal Development Programme, Rs 7 billion to Earthquake Reconstruction and Rehabilitation Authority (ERRA), Rs 100 billion for Special Development Programme for Temporarily Displaced Persons (TDPs) and Security Enhancement and Rs 20 billion for Prime Minister's Youth Programme.

l)      To meet expenditure, bank borrowing has been estimated for 2015-16 at Rs 282.9 billion, which is significantly lower than revised estimates of 2014-15.

Table  below presents the comparative position of budget and revised estimates for Financial Year 2014-15 and budget estimates for Financial Year 2015-16.

COMPARATIVE BUDGETARY POSITION

2014-15 AND 2015-16

Classification

Budget 2014-2015

Revised 2014-2015

Budget 2015-2016

RESOURCES (A+B+C)

4,073,839

3,832,739

4,168,338

A.   Internal Resources

3,205,229

3,122,278

3,366,827

-          Net Revenue Reciepts

2,225,322

2,377,763

2,463,351

      -     Net Capital Reciepts

690,618

602,954

606,303

-          Estimated Provincial Surplus

289,289

141,561

297,173

B.   External Resources

670,610

692,687

751,511

C.   Privatization Proceeds

198,000

17,774

50,000

EXPENDITURE (B+C)

4,301,743

4,235,111

4,451,277

A.   Current Expenditure on Revenue Account

3,463,245

3,480,790

3,482,239

-          Current Expenditure on Revenue Account

3,463,245

3,480,790

3,482,239

B.   Total Development Expenditure

838,497

754,321

969,038

-          Federal PSDP

525,000

542,000

700,000

-          Other Development Expenditure

161,813

132,292

164,400

-          Dev. Loans & Grants to Provinces

151,688

80,029

104,639

BANK BORROWINGS

227,906

402,373

282,940

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