Visit this link for further details regarding budget 2008-2009> http://www.fbr.gov.pk/budget2008-09/default.htm

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P.R.

Under following link you can view official budget for the year 2008-09 :

http://www.finance.gov.pk/finance_federal_budjet.aspx


Allah Nagheban,

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ஜ иστнιπg ιš ιмթΘรรιвlε тσ α ωιℓℓιиg нєαят ஜ

Pakistan Budget at Glance

Pakistan Times' Federal Bureau

ISLAMABAD: National budget for fiscal 2008-09, presented in the national assembly on Wednesday at a glance:

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 Health Affairs and Services 5.5 by Provinces 124.4

V. Change in Provincial Recreational, Culture Services 3.2 Cash Balance 78.9 Education Affairs Service 24.6

VI. Privatization Proceeds 25.1 Social Protection 4.8 (B) DEVELOPMENT 516.6 PSDP 549.7

VII. Bank Borrowing 149.0 Federal Government 399.7 Provincial Government 150.0 Est. Operational Shortfall -77.0 Other Dev. Expenditure 43.9 TOTAL RESOURCES 2009.8 TOTAL EXPENDITURE 2009.8 (I TO VII ) A + B) Budget Features:

Following are the salient features of the national budget for fiscal 2008-09, presented in the national assembly here Wednesday.

a) The total outlay of budget 2008-09 is Rs. 2010 billion. The size is 29.7% higher than the size of budget estimates for 2007-08.

b) The resources availability during 2008-09 has been estimated at Rs. 1836 billion against Rs. 1394 billion in the budget estimates of 2007-08.

c) Net revenue receipts for 2008-09 have been estimated at Rs. 1111 billion indicating an increase of 23.1% over the budget estimates of 2007-08.

d) The provincial share in federal revenue receipts is estimated at Rs. 568 billion during 2008-09 which is 22% higher than the budget estimates for 2007-08.

e) The capital receipts (net) for 2008-09 have been estimated at Rs. 221 billion against the budget estimates of Rs. 59 billion in 2007-08.

f) The external receipts in 2008-09 are estimated at Rs. 300 billion. This shows an increase of 16.1% over the budget estimated for 2007-08.

g) The overall expenditure during 2008-09 has been estimated at Rs. 2010 billion of which the current expenditure is Rs. 1493 billion and Public Sector Development Programme (PSDP) at Rs. 550 billion.

Current expenditure shows a decrease of 1.5% over the revised estimates of 2007- 08, while PSDP will increase by 20% in 2008-09 over revised estimates of 2007-08.

h) The share of current expenditure in total budgetary outlay for 2008-09 is 74.3% as compared to 77.8% in revised estimates of 2007-08.

i) The expenditure on General Public Services (inclusive of debt servicing transfer payments and superannuation allowance) is estimated at Rs. 930 billion which is 62.3% of the current expenditure.

j) The size of Public Sector Development Programme for 2008-09 is Rs. 550 billion. While for Other Development Expenditure an amount of Rs. 44 billion has been allocated.

The PSDP shows as increase of 20% over the revised estimates 2007-08.

k) The provinces have been allocated an amount of Rs. 150 billion for budget estimates 2008-09 in their PSDP.

l) An amount of Rs. 27 billion has been allocated to Earthquake Reconstruction and Rehabilitation Authority (ERRA) in the PSDP 2008-09. ●

http://www.pakistantimes.net/2008/06/12/top3.htm

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Aarwaa

Pakistan is ruled by three As - Army, America and Allah.

ISLAMABAD: The National Assembly continued debating on the next financial year federal budget for the second day here today, while the budgets for the next financial year of the provinces of Punjab, Sindh and NWFP will be presented tomorrow.

Punjab Finance Minster, Tanvir Ashraf Kaira will be presenting the supplementary budget for fiscal year 2007-08 and the provincial budget for fiscal year 2008-09 in the Punjab Assembly, which has been called in session tomorrow at 11.00 A. M. The total volume of the budget amounts to about Rs380 billion.

Sindh Chief Minister, Syed Qaim Ali Shah, who holds the finance portfolio also, will be presenting the provincial budget for fiscal year 2008-09 for the province of Sindh in the House tomorrow at 5.00 P.M. in the evening. Sindh Budget is estimated at Rs265 billion, which included the provision of Rs65 billion for the provincial development program.

NWFP Finance Minister, Hamayun Khan will be presenting the new fiscal year provincial budget in the House at 4.00 P.M. tomorrow. Prior to budget sessions, provincial cabinets will be giving the approval of the new fiscal year budget proposals. Special funds will be allocated in the provincial budgets for agriculture, education, health and social welfare including the enhancement in the government employees’ salaries.



http://www.geo.tv/6-15-2008/19300.htm

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P.R.

KARACHI: Sindh province budget of Rs267 billion was presented for 2008-09 here in Sindh Assembly on Monday.

Total receipts are estimated at Rs253 billion, thus, reflecting a budget deficit of Rs14 billion.

Speaker Sindh Assembly, Nisar Khuhro presided over the budget session while the Chief Minister, Syed Qaim Ali Shah presented the budget.

Rs77 billion will be spent on development projects in the province.

Federal government will provide Rs12 billion for Public Sector Development Programme (PSDP).

Rs60 billion have been allocated for development works in the province while Rs 2 billion have been set aside for urban development in Sindh.

Health sector will get Rs7 billion while education sector has been allocated Rs14 billion.

Fifty thousand people will be provided employments out of which 8000 will be in Police Department.

Katchi Abadis of having a range of 50 to 200 housing units will be regularized.

Rural Health Development Programme will be initiated with Rs500 million.

Salaries of Sindh Police will be brought at par with Punjab and for this purpose Rs570 million have been allocated.

Training will be provided to 100,000 jobless youth in various vocations under Benazir Youth Programme.

Loans at the union council level will be provided to eliminate poverty.

Salaries of Sindh Government employees will be raised by 20 percent.

Rs 21 billion have been allocated for law and order while Rs510 million set aside for rehabilitation areas affected by famine.

http://www.geo.tv/6-16-2008/19367.htm

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P.R.

Rs 71.19 bn tax-free budget for Balochistan

Sunday, June 22, 2008

By Muhammad Ejaz Khan

QUETTA: Balochistan Finance Minister Mir Asim Kurd Gailo on Saturday presented a tax-free deficit budget for the financial year 2008-09 in the provincial assembly with the total expenditure of Rs 71.19 billion.

Balochistan Assembly Speaker Muhammad Aslam Bhotani chaired the budget session.

The total income (receipts) of the province is estimated at Rs 62.38 billion against the total expenditure of Rs 71.19 billion, showing a resource gap of Rs 8.81 billion.

The total receipts through different means include the income from the provincial resources standing Rs 3.47 billion and the income from the federal receipts estimated at Rs 48.05 billion. The ongoing expenditures in the next financial year are estimated at Rs 47.52 billion.

A total of Rs 15.74 billion have been allocated for the development sector, which includes foreign assistance projects worth Rs 4.64 billion while Rs 11.75 billion were allocated for the Public Sector Development Programme.

In his budget speech, the finance minister vowed that the deficit of Rs 8.81 billion would be met by increasing the local income, cutting off the expenditures and assistance of the federal government.

He, however, added that the budget deficit would decrease after getting the special grant of Rs 3 billion, as announced by the prime minister sometime back.

Gailo said the transfer of resources to districts was increased to Rs 20.46 billion from the revised estimate of Rs 16.23 billion for the outgoing financial year.

For strengthening the district governments, a performance grant of Rs 805 million has been allocated, he said.

Gailo mentioned that among the total federal receipts of Rs 48.05 billion, as compared to Rs 43.16 billion in the revised financial year 2007-08, Balochistan would get Rs 25.92 billion from the shared taxes (Rs 20.06 billion in the outgoing financial year), Rs 13.6 billion in the head of subvention (Rs 10.7 billion in the outgoing revised budget), Rs 3.73 billion in the head of surcharge on gas (against Rs 4.66 billion in the outgoing budget), Rs 1.49 billion in the head of excise duty on gas (Rs 2.15 billion in the outgoing budget), Rs 3 billion in the head of royalty on gas (Rs 2.91 in the outgoing budget), Rs 283.44 million in the head of the GST (provincial) against Rs 275.429 million, which had been allocated in the revised budget of the financial year 2007-08.

Among the total provincial receipts of Rs 3.47 billion, tax receipts are estimated at Rs 972.16 million against Rs 937.35 million of the outgoing financial year budget while non-tax receipts are estimated at Rs 2,504.42 million against Rs 2,283.44 million in the outgoing financial year’s budget, he said.

In the current revenue expenditure of the province, he said, the major chunk was of Rs 7,951.90 million to the general administration, Rs 5,115.31 million to the economic services, Rs 4,858.46 million to the law and order, Rs 4,373.03 million to the social services and Rs 2,850.98 million to debt servicing.

Subsidy on wheat would eat up Rs 600 million. While the major expenditure shown in the budget is on the provincial allocable/GST 2.5 per cent, which stands Rs 20.46 billion, he said.

The finance minister said the first budget of his government would bring prosperity in the province under the leadership and guidance of Balochistan Chief Minister Nawab Muhammad Aslam Raisani and support of Governor Nawab Zulfiqar Ali Khan Magsi.

He vowed to curtail the non-development expenditures considerably and would also adopt certain other measures to bring financial discipline in the state of the provincial affairs.

He announced a 20 per cent increase in the salaries of the provincial government employees and pensions of the retired employees. Moreover, there is also a proposal for making an increase in the medical and conveyance allowances of the employees in line with the decision made by the federal government, he added.

The government, he said, would also continue to extend financial assistance to the heirs of the employees who died in the act of terrorism. Full salary would be paid to the heirs of those personnel of police, levies and prisons martyred in the line of duty.

He announced to upgrade the employees serving in Grades 1-4. Similarly, Rs 400 monthly increase is being made in the utility allowance of the secretariat employees of Grade 16-21 while Rs 400 monthly is being increased in the allowance of the secretariat employees of Grade 1-15.

The allowance of the employees of the Governor Secretariat and Chief Minister Secretariat is also being increased substantially, he added.

The finance minister announced to create 2,425 new vacancies in order to reduce unemployment.

He announced to set up 567 filtration plants in order to provide clean drinking water in the province. A filtration plant would be set up in each union council, he maintained.

He said Rs 80 million had been earmarked for the rehabilitation of water-supply schemes which were damaged in the last flood. Out of the 413 schemes, 374 have already been restored, he added.

Gailo announced to cooperate with the private sector to set up 300 educational institutions in the province. He added that in Basima, Darwaza and Huramzai, 132 KV grid stations would be installed, while work would be started on the 220 KV Dadu-Khuzdar transmission line. In order to supply gas to Sorab, Rs 340 million have been earmarked, he said, adding that Rs 360 million had been allocated for Noshki under the Peopleís Works Programme.

http://thenews.jang.com.pk/daily_detail.asp?id=119816

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QUETTA, June 21: The cash-strapped Balochistan government on Saturday announced a budget of Rs71.19 billion for financial year 2008-09 which showed a deficit of Rs8.80 billion.

“Prime Minister Syed Yousuf Raza Gilani has promised to provide Rs3 billion special grant from his discretionary fund,” Balochistan Finance Minister Mir Asim Kurd informed the provincial assembly in his budget speech. With this grant, the budget deficit would come down to Rs5.80 billion, which would be met by enhancing province’s own resources, he added.

Like the outgoing fiscal year, the development outlay for 2008-09 is largely unfunded and it depends entirely on special grants from the Centre.

The last year’s development budget of over Rs13 billion showed a resource gap of over Rs10 billion.

The finance minister announced that the Rs2 billion subsidy on tubewells would continue. The subsidy was introduced last year to cope with the damage of drought in the province.

He said that mega projects worth Rs51.36 billion being carried out by the federal government in the province would bring a green revolution.

The projects include Mirani and Subakzai dams, Kacchi canal, extension of Pat Feeder, Kirthar canal, recharge of ground water, Bolan dam at Kacchi, reconstruction of Shadi Kaur dam, Nawa Batozai storage dam in Qila Saifullah and rehabilitation of Nari canal.

Mr Kurd said that four of the five dams the federal government planned to construct were in Balochistan. He said the provincial government was planning to allot land to landless farmers.

He announced a number of austerity measures and imposed a ban on purchase of new cars, machinery and other goods for official purposes. Petrol consumption will be kept at the minimum possible level. Legislation for the Balochistan Public Procurement Regulatory Authority and institution of a provincial employees pension fund and an investment fund under the General Provident Fund Act are some of the proposals.

A financial manual is being compiled to ensure full compliance with rules and regulation of the government.

The minister announced a 20 per cent raise in pension and salary of the government employees, besides an increase in medical and conveyance allowances.

The Rs71.19 billion budget has three distinct segments -- Rs47.52 billion current revenue expenditure, Rs7.92 billion capital expenditure and Rs15.74 billion development outlay.

The revenue budget shows a surplus amount of Rs4 billion. The capital budget shows a deficit of Rs1.69 billion which reduces revenue surplus to Rs2.30 billion.

With the expected foreign assistance of Rs4.62 billion and Japan’s cash assistance of Rs11.50 million, the revenue surplus of Rs2.30 billion will contribute Rs6.93 billion to financing the Rs15.74 billion Annual Development Programme. It leaves a big gap of Rs8.80 billion, which will be partly met from the Rs3 billion special grant and Rs3 billion Uch gas royalty for which the prime minister has constituted a committee.

Mr Kurd informed the assembly that the province was expected to get Rs48.05 billion from the federal government during 2008-09.

The provincial own revenue generation is estimated at Rs3.47 billion, of which Rs2.50 billion will be non-tax income and only Rs972.16 million is expected to be collected as taxes.

As against the current revenue expenditure of Rs47.52 billion, total revenue receipts are Rs51.52 billion, showing a surplus of Rs4 billion.

The capital expenditure of Rs7.92 billion provides Rs2.97 billion performance grant to district governments, Rs1.95 billion debt-servicing to the State Bank, Rs1.17 billion debt-servicing to the federal government, Rs1.40 billion payment against cash development loans and a few small payments against loans.

Total capital receipts amount to Rs6.22 billion, of which Rs4.55 billion comes under the BDSSP in foreign exchange. A deficit of Rs1.69 billion on capital budget has brought down the surplus to Rs2.30 billion from Rs4 billion.

During the outgoing fiscal year 2007-08, the revenue income outgrew budgetary projections. As against the original projection of Rs43.82 billion revenue income, the revised estimate of revenue amounted to Rs46.38 billion. The provincial revenue also outgrew and the revised estimate of Rs3.22 billion, against the original projection of Rs2.96 billion. The revenue expenditure budget in 2007-08 came down to Rs39.95 billion from the original projection of Rs41.95 billion. The development outlay was Rs12.58 billion, against original projection of Rs13.47 billion.

The budget for 2007-08 showed a deficit of over Rs10 billion. It had been adjusted through financial engineering by improving Rs2.56 billion revenue income and bringing down the current expenditure to Rs5.54 billion and the development expenditure to Rs850 million.


Source Dawn news paper

Total Population

Punjab 79,429,701
Sindh 42,378,000
NWFP 19,343,000
Balochistan 9,893,727

Note: According to 2008 censuses

Total Area

Punjab 205,344
Sindh 140,914 NWFP 74,521
Balochistan 347,190


Total Budget

Punjab Rs389 Billion
Sindh Rs267 Billion
NWFP Rs170.904 Billion
Balochistan Rs 71.19 Billion


Deficit Budget

Punjab Rs 12.3 billion (surplus)
Sindh 14 Billion
NWFP Rs 345 Million (surplus)
Balochistan 8.80 Billion


PSDP/ Development Expenditure

Punjab Rs160 Billion
Sindh 77 Billion
NWFP Rs 41.545 Billion
Balochistan 13 Billion





Non-Development Expenditures

Punjab Rs256.94 billion
Sindh Rs 190 Billion
NWFP Rs 100 Billion
Balochistan Rs 58.9

Federal Govt will provide for PSDP

Punjab Rs 23.3 Billion
Sindh 12 Billion
NWFP Rs 8.094 Billion
Balochistan 3 Billion


Subsidy (in different sector)

Punjab Rs13 billion
Sindh N/A?
NWFP N/A?
Balochistan Rs2 billion

Poverty Program

Punjab Rs 17 Billion
Sindh Rs 4 Billion
NWFP Rs 1 Billion
Balochistan No Fund

Revenue Generation Non-tax

Punjab Rs 36.613 billion
Sindh Rs 28.4 Billion
NWFP N/A?
Balochistan Rs 2.50 Billion

Revenue Generation tax

Punjab Rs 40.362 Billion
Sindh RS 25.3 Billion
NWFP Rs 59.684 Billion
Balochistan Rs972.16 million

Health Sector

Punjab Rs 9 Billion
Sindh Rs 7 Billion
NWFP Rs 6.426 Billion
Balochistan N/A?

Education Sector

Punjab Rs 30.13 billion
Sindh Rs 14 billion
NWFP Rs 21.720 Billion
Balochistan 3 Billion


Vacancies


Punjab N/A?
Sindh 50000
NWFP N/A?
Balochistan 10000

Salary Increased In Percentage

Punjab 20%
Sindh 20%
NWFP 20%
Balochistan 20%

Construction for Roads

Punjab Rs17.5 Billion
Sindh Rs 9 Billion
NWFP Rs 4.479 Billion
Balochistan N/A?






Law and order Condition

Punjab N/A?
Sindh Rs 21.3 Billion
NWFP Rs 6.6659 Billion
Balochistan N/A?




Sources

Dawn news paper
The newspaper
The Jang
Geo website
Pakistan paper website
The Mashriq Quetta

http://www.scribd.com/doc/3442854/NW...inister-Speech

http://www.app.com.pk/en_/index.php?...42565&Itemid=1

http://www.google.com.pk/search?hl=e...G=Search&meta=

http://www.cssforum.com.pk/general/n...08-2009-a.html

If you come across any mistake gently do correct them

Thank you

Best regards,

ISLAMABAD: First fortnight in the upcoming fiscal year 2008-09 would require the government to pass on to the consumers an increase in POL prices equal to $20 per barrel, a senior government official informed Daily Times on Monday.

Federal Government has budgeted oil at $110 per barrel while finalising the budget estimates for the upcoming fiscal year 2008-09.

The oil price in the international market stands at $137 per barrel, leaving a difference of $27 per barrel. Pakistan buys oil from the gulf countries at $8 to $10 less than the international price of oil.

If the price remains at the current level, the government would pass on the difference of around $20 to the consumers in first fortnight of the upcoming fiscal year 2008-09.

It is estimated that an increase of $5 per barrel in the price of oil results in an increase of Rs 2 per litre in the local price.

In case the oil prices come down to a level less than $110 per barrel in the international market or remain at a reasonable level over $110 per barrel, the government would opt to recover equal amount of subsidy already given to the consumers in the last fortnight, the official added.

In the outgoing fiscal year 2007-08, oil was budgeted at $60 per barrel, however, due to the unprecedented increase in oil prices, the actual cost borne by the government was $80 per barrel, on average.

According to the mechanism agreed in Special Cabinet meeting, which also approved the budget estimates, it has been decided to pass on to the consumers any increase in the price of oil above $110 per barrel.

The price of diesel would witness a substantial increase, as the government is providing Rs 37.7 per litre subsidy on high-speed diesel and Rs 33.65 per litre subsidy on light diesel oil. In the case of other POL products, the government is providing subsidy to the tune of Rs 44.11 per litre on kerosene oil and Rs 7.15 per litre on petrol. The existing subsidies are costing national exchequer Rs 1.25 billion per day and Rs 37.5 billion per month.

Any increase above $110 per barrel in the international market would be immediately passed on to the consumers. This would help keep POL subsidies within the projected amount of Rs 140 billion for the upcoming fiscal year 2008-09 as against Rs 175 billion in the outgoing fiscal year 2007-08.

It is worth to mention here that in the outgoing fiscal year 2007-08 the then government allocated Rs 15 billion to subsidise POL prices, however, unprecedented increase in oil prices left no option for the government but to take this subsidy to Rs 175 billion due to the political expediency.

The government has already agreed with its donors that POL subsidies would be phased out by December 2008 and it is expected that subsidies being given on diesel would be scrapped. However, the government would continue subsidising kerosene oil and petrol to some extent.


http://dailytimes.com.pk/default.asp...4-6-2008_pg5_1

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P.R.