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Pre-Budget 2019-20 (Facts & Figures)

Pakistan: Salient Features Of The Budget 2018-19
The total outlay of budget FY2019 is Rs 5,932.5 billion. This size is 16.2 percent higher than the size of budget estimates FY2018.The resource availability during 2018-19 has been estimated at Rs 4,917.2 billion against Rs 4,713.7 billion in the budget estimates of FY2018.
The net revenue receipts for FY2019 have been estimated at Rs 3,070.4 billion indicating an increase of 4.9 percent over the budget estimates of FY2018.The provincial share in federal taxes is estimated at Rs 2,590.1 billion during FY2019, which is 8.6 percent higher than the budget estimates for FY2018.
The net capital receipts for FY2019 have been estimated at Rs 443.1 billion against the budget estimates of Rs 552.5 billion in FY2018 i.e. a decrease of 19.8 percent.The external receipts in FY2019 are estimated at Rs 1,118 billion. This shows an increase of 33.4 percent over the budget estimates for FY2018.
The share of current and development expenditure respectively in total budgetary outlay for FY2019 is 80.6 percent and 19.4 percent.The overall expenditure during FY2019 has been estimated at Rs 5,932.5 billion, out of which the current expenditure is Rs 4,780.4 billion and development expenditure is Rs 1,152.1 billion.
The development expenditure outside PSDP has been estimated at Rs 180.2 billion in the budget FY2019, which is higher by 18.4 percent than budget estimates FY2018.The expenditure on General Public Services is estimated at Rs 3,340.4 billion, which is 69.9 percent of the current expenditure.
The size of PSDP for FY2019 is Rs 1,650 billion. Out of this, Rs 850 billion has been allocated to provinces. Federal PSDP has been estimated at Rs 800 billion, out of which Rs 420.4 billion for Federal Ministries/Divisions, Rs 246.1 billion for Corporations, Rs 5 billion for Pakistan SDGs and Community Development Program, Rs 8.5 billion for ERRA, Rs 5 billion for Special Provision for Competition of CEPEC Projects, Rs 10 billion for FATA 10 year Plan, Rs 45 billion for Relief and Rehabilitation of IDPs, Rs 45 billion for Security Enhancement, Rs 10 billion for Prime Minister’s Youth Program and Rs 5 billion for Gas Infrastructure Development Cess.To meet expenditure, bank borrowing has been estimated for FY2019 at Rs 1,015.3 billion, which is significantly higher than revised estimates FY2018.
Economy Of Pakistan Growth rate (percent)
DetailsFY18 H1-FY18 H1-FY19
LSM5.06.6-1.5
CPI (period average YoY)3.93.86.0
Private credit (flow)14.95.79.5
Money supply (flow)9.72.33.6
Exports13.710.91.9
Imports14.918.0-2.6
FBR tax revenue (billion Rs)3,844.01,7221,795
Exchange rate (+app/-dep %)-13.7-5.0-12.5
million US dollars
SBP’s liquid reserves (end-period)9,78914,1077,199
Workers’ remittances19,6239,74511,030
FDI in Pakistan3,0921,6331,319
Current account balance-18,989-8,353-7,615
Fiscal balance (% of GDP)-6.6-2.2-2.7

 

Pakistan: Macroeconomic Targets & Projections
DetailsFY18FY19
Target1SBP Projections
percent growth
Real GDP5.26.23.5 – 4.0
CPI (average)3.96.06.5 – 7.5
billion US dollars
Remittances19.621.220.5 – 21.5
Exports (fob)24.827.925.5 – 27.0
Imports (fob)56.058.554.0 – 56.0
percent of GDP
Fiscal deficit6.64.96.0 – 7.0
CAD6.14.04.5 – 5.5

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