2011–12 Pakistan federal budget

Pakistani Federal Budget April 2014 April 2014 June 2011 Budget of the Islamic Republic of Pakistan federal government 2012 Pakistan 2011 Pakistan federal budget 2010 2013 Pakistan federal budget 2012 File:State emblem of Pakistan.svg 100px Emblem of Pakistan 3 June 2011 Dr Abdul Hafeez Shaikh National Assembly 1 July 2011 2.463 Trillion PKR (26.7 Billion USD) 3.767 Trillion PKR(39.9 Billion USD) 1.304 Trillion PKR (13.2 Billion USD) or 6.6 percent of GDP $50.76 (dec 2009) http://www.finance.gov.pk/ Ministry of Finance The Pakistan federal budget of 2011–2012 was presented in the National Assembly with a total outlay of 3.767 trillion rupees for fiscal year 2011–12. The budget was prepared in accordance with the budgeting and accounting classification system approved by the Government of Pakistan as an integral part of the new accounting model. The three year's medium-term indicative budget ceilings were issued to all principal accounting officers of the federal government. A new budget preparation method, called the 'output based budgeting' was introduced, which presented the federal budget by services and effects of services on target population and linked them with performance indicators and targets over the 3-year period. The budget was called 'pro-poor budget' by the parliamentarians.https://www.dawn.com/news/634089/its-a-pro-poor-budget It's a pro-poor budget!: Parliamentarians 4 June 2011http://www.dailytimes.com.pk/default.asp?page=2010%5C06%5C22%5Cstory_22-6-2010_pg5_15 The pro-poor budget! 22 June 2011 Overview The budget 2011–12 had the following main salient features: The total outlay of budget 2011–12 was Rs 3,767 billion. This was 14.2% higher than the size of budget estimates 2010–11. The resource availability during 2011–12 was estimated at Rs 2,463 billion against Rs 2,256 billion in the budget estimates of 2010–11. Net revenue receipts for 2011–12 were estimated at Rs 1,529 billion, indicating an increase of 11% over the budget estimates of 2010–11. The provincial share in federal revenue receipts was estimated at Rs 1,203 billion during 2011–12, which is 16.4% higher than the budget estimates for 2010–11. The capital receipts (net) for 2011–12 were estimated at Rs 396 billion against the budget estimates of Rs 325 billion in 2010–11 i.e. an increase of 11%. The external receipts in 2011–12 were estimated at Rs 414 billion. This was an increase of 7.1% over the budget estimates for 2010–11. The overall expenditure during 2011–12 was estimated at Rs 2,767 billion of which the current expenditure was Rs 2,315 billion and development expenditure Rs 452 billion. Current expenditure showed an increase of less than 1% over the revised estimates of 2010–11, while development expenditure increased by 64.4% in 2011–12 over the revised estimates of 2010–11. The share of current expenditure in total budgetary outlay for 2011–12 was 83.7% compared to 89.7% in revised estimates for 2010–11. The expenditure on General Public Services (inclusive of debt servicing transfer payments and superannuation allowance) was estimated at Rs 1,660 billion which was 71.1% of the current expenditure. The size of Public Sector Development Programme for 2011–12 was Rs 730 billion, while for Other Development Expenditure an amount of Rs 97 billion was allocated. The programme had an increase of 58% over the revised estimates 2010–11. The provinces were allocated Rs 430 billion for budget estimates 2011–12 in their Public Sector Development Programme compared to against Rs 373 billion in 2010–11. An amount of Rs 10 billion was allocated to Earthquake Reconstruction and Rehabilitation Authority in the Public Sector Development Programme 2011–12. Interest payments Rs. 791 billion, repayment of foreign loans Rs. 243 billion, and subsidies Rs.166 billion. Classification Budget 2010–11 (PKR in millions) Revised 2010–11 (PKR in millions) Budget 2011–12 (PKR in millions) RESOURCES 2,256,278 2,107,150 2,463,292 Internal Resources 1,869,659 1,817,325 2,049,363 Revenue Receipts (Net) 1,377,350 1,238,188 1,528,829 Capital Receipts (Net) 325,384 459,332 395,652 Estimated Provincial Surplus 166,925 119,805 124,882 External Resources 386,620 289,824 413,929 EXPENDITURE 2,422,823 2,559,367 2,766,816 Current Expenditure 1,997,892 2,295,921 2,314,859 Federal PSDP 290,000 196,000 300,000 Development Loans & Grants to Provinces 31,385 21,929 54,871 Other Development Expenditure 123,545 45,517 97,085 Est. Operational Shortfall in PSDP (20,000) 0 0 Bank Borrowing 166,544 452,217 303,524 http://finance.gov.pk/budget/BudgetinBrief_2011_12.pdf/ Archived copy 12 November 2011 https://web.archive.org/web/20111111082248/http://www.finance.gov.pk/budget/BudgetinBrief_2011_12.pdf 11 November 2011 dead dmy-all Revenue receipt Receipts Rs. in Trillion Tax Revenue 2,074 Non – Tax Revenue 657.9 Revenue Receipts (Gross) 2,732.1 Revenue Receipts (Net) 1,528.8 Allocation to provincial governments Allocation of shares to the provincial governments were: Provinces percentage Balochistan 9.09% Khyber Pakhtunkhwa 14.62% Punjab 51.74% Sindh 24.55% Additional resources were allocated for Khyber Pakhtunkhwa and Balochistan for development and to meet the expenses on war on terror, respectively. Any shortfall in Balochistan's amount was made up by the federal government from its resources. See also Ministry of Commerce (Pakistan) List of tariffs in Pakistan Ministry of Finance (Pakistan) Pakistan Board of Investment Trading Corporation of Pakistan Rice Export Association of Pakistan Economy of the OIC Finance Minister of Pakistan Finance Secretary of Pakistan Economic Coordination Committee Planning Commission (Pakistan) Budgets 2013 Pakistan federal budget 2014 Pakistan federal budget References External links Pakistan Federal Budget 2012–13 Pakistan Fiscal Budget 2012–13 Budget 2012–13 Rs2.96trn budget presented amid ruckus Federal budget Category:Pakistani budgets Pakistan federal budget Category:Government of Yousaf Raza Gillani Category:2012 in Pakistani politics