POST BUDGET

S.M. ABBAS ZAIDI, S.KAMAL HAYDER KAZMI,
Research Analyst
, PAGE
June 14 - 20, 2010

BUDGET AT A GLANCE 2010- 11 (Rs in Billion)

RECEIPTS

EXPENDITURE

( a ) Tax Revenue*

1778.7

(A) CURRENT

1997.9

( b ) Non-Tax Revenue

632.3

General Public Service

1387.7

Gross Revenue Receipts

2411.0

Defence Affairs & Services

442.2

Less Provincial Share

1033.6

Public Order Safety Affairs

51.3

I. Net Revenue Receipts

1377.4

Economic Affairs

66.9

II. Net Capital Receipts

325.4

Environment Protection

0.4

III. External Receipts

386.6

Housing and Community

1.8

IV. Self Financing of PSDP by Provinces

341.6

Health Affairs and Services

7.3

V. Change in Provincial Cash Balance

166.9

Recreational, Culture Services

4.4

Education Affairs Service

34.5

VI. Bank Borrowing

166.5

Social Protection

1.5

.

(B) DEVELOPMENT

PSDP

663.0

Federal Government

290.0

Provincial Government

373.0

Est. Operational Shortfall

-20.0

Other Dev. Expenditure

123.5

TOTAL RESOURCES ( I to VI)

2764.4

TOTAL EXPENDITURE(A+B )

2764.4

* Out of which FBR collection has been estimated at Rs 1667 billion.

BUDGET AT A GLANCE 2009-10 (Rupees in billion)

RECEIPTS

EXPENDITURE

(a) Tax Revenue*

1513.1

(A) CURRENT

1699.2

(b) Non-Tax Revenue

513.6

General Public Service

1189.1

Gross Revenue Receipts

2026.7

Defence Affairs & Services

342.9

Less Provincial Share

655.2

Public Order Safety Affairs

34.6

I. Net Revenue Receipts

1371.5

Economic Affairs

84.9

II. Net Capital Receipts

190.5

Environment Protection

0.4

III. External Receipts

510.4

Housing and Community

1.5

IV. Self-Financing of PSDP by Provinces

173

Health Affairs and Services

6.5

V. Change in Provincial Cash Balance

72.9

Recreational, Culture Services

3.7

 .

Education Affairs Service

31.6

VI. Privatization Proceeds

19.4

Social Protection

3.9

.

(B) DEVELOPMENT

783.1

PSDP

646

VII. Bank Borrowing

144.6

Federal Government

446

.

Provincial Government

200

Est Operational

Shortfall --- 20.0

Other Dev. Expenditure

157.1

TOTAL RESOURCES

2482.3

TOTAL EXPENDITURE

2482.3

*Out of which CBR collection has been estimated at Rs1378 billion.


BUDGET AT A GLANCE 2008- 09 (Rs in Billion)

RECEIPTS

EXPENDITURE

( a ) Tax Revenue*

1251.5

(A) CURRENT

1493.2

( b ) Non-Tax Revenue

427.8

General Public Service

929.5

Gross Revenue Receipts

1679.2

Defence Affairs & Services

296.1

Less Provincial Share

568.3

Public Order Safety Affairs

26.8

I. Net Revenue Receipts

1110.9

Economic Affairs

201.2

II. Net Capital Receipts

221.3

Environment Protection

0.2

III. External Receipts

300.2

Housing and Community

1.4

IV. Self Financing of PSDP by Provinces

124.4

Health Affairs and Services

5.5

V. Change in Provincial Cash Balance

78.9

Recreational, Culture Services

3.2

Education Affairs Service

24.6

VI. Privatization Proceeds

25.1

Social Protection

4.8

 

(B) DEVELOPMENT

516.6

PSDP

549.7

VII. Bank Borrowing

149

Federal Government

399.7

 

Provincial Government

150

Est. Operational Shortfall

-77

Other Dev. Expenditure

43.9

TOTAL RESOURCES(I to VII)

2009.8

TOTAL EXPENDITURE(A+B)

2009.8

* Out of which FBR collection has been estimated at Rs 1250 billion.


SALIENT FEATURES OF THE BUDGET 2010-11

The total outlay budget 2010-11 is Rs2764 billion. This size is 12.3pc higher than the size of budget estimates 2009-10. The resource availability during 2010-11 has been estimated at Rs2598 billion against Rs2299 billion in the budget estimates of 2009-10.
Net revenue receipts for 2010-11 have been estimated at Rs1377 billion, indicating an increase of 1.9pc over the budget estimates of 2009-10. The provincial share in federal revenue receipts is estimated at Rs1034 billion during 2010-11, which is 57.9pc i.e. an increase of 70.2pc.
The capital receipts (net) for 2010-11 have been estimated at Rs325 billion against the budget estimates of Rs191 billion in 2009-10 for 2009-10. The external receipts in 2010-11 are estimated at Rs387 billion. This shows a decrease of 24pc over the budget estimates for year 2009-10.
The overall expenditure during 2010-11 has been estimated at Rs2764 billion of which the current expenditure is Rs1998 billion and development expenditure at Rs787 billion. Current expenditures show a decline of less than 1pc over the revised estimates of 2009-10, while development expenditure will increase by 25.3pc in 2010-11 over the revised estimates of 2009-10. The share of current expenditure in total budgetary outlay for 2010-11 is 72pc as compared to 78pc in revised estimates for 2009-10.
The expenditure on General Public Service (inclusive of debt servicing transfer payments and superannuation allowance) is estimated at Rs1388 billion, which is 69.5pc of the current expenditure. The size of Public Sector Development Programme (PSDP) for 2010-11 is Rs663 billion while for other development expenditure an amount of Rs124 billion has been allocated. The PSDP shows an increase of 30pc over the revised estimates.
The provinces have been allocated an amount of Rs373 billion for budget estimates 2010-11 in their PSDP as against Rs200 billion in 2009-10. An amount of Rs10 billion has been allocated to Earthquake Reconstruction and Rehabilitation Authority (ERRA) in the PSDP 2010-11.