Series No. 1, Quantitative Analysis
PAKISTAN FEDERAL BUDGET 2009-2010

PROF. DR. KHAWAJA AMJAD SAEED*
Email: kamjadsaeed@yahoo.com

Jan 11 - 17, 2010

Federal Budget 2009-2010 of Pakistan was released on June 13, 2009. Budget documents were also released and these were many in number with extensive pages.

Readers are keen to comprehend the salient features in a summarized form. In Pakistan annual budget is divided into two parts namely, Revenue Budget and Annual Development Plan (ADP). Below is a quantitative analysis for ready reference of readers who may draw their own conclusions.

MASTER CHART

PARTICULARS   RS. b %
NEEDED
  1. Current Expenditure 1,699 68
  2. ADP: 2009-2010 783 32
AVAILABLE 2,482 100
  Net Federal Revenue 1,372 55
SHORTFALL 1,110* 45
  2,482 100
FINANCING PATTERN
  1. External Resources 510 46
2. Capital Receipts (Net) 191 17
3. Self Financing of PSDP by Provinces 173 15
4. Bank Borrowing 144 13
5. Changes in Provincial Cash Balances 73 7
6. Privatization Proceeds 19 2
    1,110* 100

REVENUE BUDGET

PARTICULARS   RS. b %
CURRENT REVENUE
  1. Indirect Taxes 956* 47
  Composition Rs.b %    
  Sales Tax 516 54    
  Custom Duties 167 18    
  Federal Excise 137 14    
  Others (+ POL carbon & CNG surcharge) 136 14    
    956* 100    
  2. Direct Taxes 557 28
  1,513 75
  3. Non-Tax Revenue 514 25
  2,027 100
  4. Less: Transfer to Provinces 655  
  Net Federal Revenue 1,372  
CURRENT EXPENDITURE
  1. Debt Servicing 780 46
2. General Public Service, Economic Affairs & others 576 34
3. Defence Affairs & Services 343 20
  1,699 100
4. Less: Deficit in Revenue Budget 327  
  1,372  

ANNUAL DEVELOPMENT PLAN 2009-2010

PARTICULARS   RS. b %
DEVELOPMENT EXPENDITURE
  1. Federal Govt.
(Departments, Autonomous Bodies, Special Programs, Special Areas and ERRA*)
446 57
2. Provincial ADPs 200 26
3. Other Development Expenditure 157 20
  803 103
4. Less: Operational Shortfall (20) (3)
  783 100
FINANCING PATTERN
  1. External Assistance 510 65
  2. Self Financing for PSDP by Provinces 173 22
  3. Bank Borrowing 144 19
  4. Changes in Provincial Cash Balances 73 9
  5. Privatization Proceeds 19 2
  6. Internal Resources (136*) (17)
    783 100
BREAK UP OF INTERNAL RESOURCES
  1. Deficit in Revenue Budget for 2009-2010 327  
  2. Less: Net Capital Receipts (191)  
    (136*)  
*Earthquake Rehabilitation & Reconstruction Authority
Source: Computed From: Budget Documents for 2009-2010, issued by the Ministry of Finance, Government of Pakistan, Islamabad, June 13, 2009.