Following are the salient features of the Federal Budget 2017-18 announced by the Minister for Finance Muhammad Ishaq Dar in the National Assembly on Friday:
- The total outlay of the budget 2017-18 is Rs 5,103 billion.
- The size is 4.3 percent bigger than the size of the budget 2016-17.
- The resource availability during 2017-18 has been estimated at Rs 4,681.2 billion.
- The net revenue receipts for 2017-18 have been estimated at Rs 2,926 billion.
- The provincial share in federal taxes is estimated at Rs 2,348.2 billion.
- The net capital receipts for 2017-18 have been estimated at Rs 552.5 billion.
- The external receipts in 2017-18 are estimated at Rs 837.8 billion, showing an increase of 2.2 percent.
- The overall expenditures during the 2017-18 have been estimated at Rs 5,103.8 billion.
- The share of current and development expenditures respectively in total budgetary outlay for 2017-18, is 73.7 percent and 26.3 percent.
- The expenditure on general public service is estimated at 2,553.6 billion.
- The development expenditure outside Public Sector Development Programme (PSDP) has been estimated Rs 152.2 billion.
- The size of PSDP is Rs 2,113 billion. Out of this Rs 1,112 billion has been allocated to provinces, Federal PSDP has been estimated at Rs 1,001 billion, Rs 377.9 billion allocated for federal ministries and divisions, Rs 380.6 billion allocated for corporations, Rs 30 billion allocated for Prime Minister Sustainable Development Goal (SDG) achievement programme, Rs 40 billion earmarked for special federal development programmes, Rs 12.5 billion allocated for energy, Rs 12.5 billion earmarked for clean drinking water, Rs 7.5 billion allocated for earthquake reconstruction, Rs 5 billion for special provision for competition of China Pakistan Economic Corridor (CPEC) projects, Rs 45 billion allocated for Internally Displaced Persons (IDPs), Rs 45 billion earmarked for security enhancement and Rs 20 billion allocated for Prime Minister’s initiatives and Rs 25 billion for Gas Infrastructure Cess.
- To meet expenditure, bank borrowing has been estimated for 2017-18 at Rs 390.1 billion which is significantly lower than revised estimates of fiscal year 2016-17.
