Click on the links below to read the text of the budget speech:

Budget Speech 2009-10 Urdu Version

Budget Speech 2009-10 English Version

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


Salient Features

Total outlay of Budget 2009-10 is Rs2.489 trillion
Rs50 billion allocated for the displaced of operation in Malakand Division
Inflation rate has declined to 14.4 percent and it will further decline to single digit in the next fiscal year
Rs1.488 billion has been allocated for courts
The best way to lower the poverty is to take the inflation down, which was 25 percent last year
Rs1.488 billion has been allocated for courts
Tax base will be broadened
Property gains tax will be expanded
CVT will be continued
DGP growth expected to be 3.3 percent for 2009-10
Salaries of armed forces will be raised from July 1
Inflation target for 2009-10 will be 9%
Rs 70 billion for Benazir Income Support Program for 09-10
Fiscal deficit will be limited to 4.9 percent or Rs722 billion
Current expenditure will be curtailed by 15.3 percent
Carbon surcharge will be introduced in FY10
Withholding tax on domestic vehicles ended
Rs2.2 billion allocated for environment
Tax target raised to Rs 2.17 trillion
Rs23.1 billion for health.
Duty on wind power plants withdrawn.
Social protection net being introduced for farmers.
Agriculture and value addition to be given special attention.
Use of new technology in agriculture sector to be encouraged.
Rs18 billion for PSDP which is 25 percent higher than the previous year
CVT on property to be increased to 4 percent from 2 percent.
Petroleum development levy to end in FY10.
Government raises salaries of government of employees by 15 percent.
Tax Collection Target has been set at Rs 1377.5 billion
Current Expenditures are estimated at 1699.19 billion
Allocation for People’s Works Program: Rs 28 billion
Allocation for Workers’ Welfare Fund: Rs 10.8 billion
Government and armed forces’ retired employees will receive 15 percent raise in their net pensions from July 1, 2009
An increase of allowance equivalent to one basic pay, effective from July 1, 2009, has been approved for the military’s personnel deputed in the western part of the country. All the members of the armed forces will get the same from January 1, 2010.
Rs 262 billion are for federal ministries
Rs 38 billion are for Azad Jammu and Kashmir, FATA and Northern Areas
Rs 60 billion are for Corporations
Rs 60 billion are for Water Sector Development
Rs 47 billion are for Dams Construction/Raising
Rs 18 billion for Agriculture
Rs 23.15 billion have been allocated for Health sector
Rs 32 billion have been allocated for Education with Rs 22.5 billion for Higher Education
Development Budget allocated for the Provinces: Rs 200 billion
National Highway Authority will receive Rs 40.2 billion
Rs 12.7 billion are for Railways
Rs 70 billion are allocated for Transport and Communication
Rs 85 billion have been allocated to overcome energy crisis and would be spent on Electricity, Gas and Water Supply projects.
Rs 2.96 billion have been allocated for environment protection
Rs 3.6 billion are for National Internship Program
Rs 450 million for cultural development
Rs 583 million for Sports
Rs 300 m allocated for Postal Ministry in PSDP-2009-10
Communications Division gets Rs.45971.990 million in PSDP 2009-10, NHA gets Rs 45706.090
Govt allocates Rs.50.000 mln for NRB
Rs. 3265.377 mln earmarked for 132 projects of Science & Technological Research Division
Govt. allocates Rs 16709.980 mln for Food Agriculture Division
Tax on imports raises to 4% from 2%.
Rs12 billion allocated for Mangla dam
Govt to set up export houses.
Excise duty on cellular down to 19 percent
Excise duty on CKD reduces by 5 percent
SIM activation charges have been reduced from Rs500 to Rs250
The funds for the science and technology being doubled
Rs10 billion fund allocated for SMEs
Govt to spend Rs4 billion on Benazir Tractor Scheme for small cultivators in next two years
Rs47 billion allocated for water resources management under PSDP
The govt not to increase tax on industry
600 filtration plants being set up
sales tax abolished on wheel chairs
Wind energy projects to be set up in and around Gharo
Amount for wedding assistance raised from Rs5000 to Rs70000
The limit of health insurance will be Rs25000 annually
The retired govt employees and army personnel to receive new raised pension from July 1
Rs60 billion allocated for water
Rs12 billion for Pakistan Railways
Rs250 levied as custom duty on mobile sets.
Rs40 billion allocation for export investment fund.
Rs166 billion for construction of dams
Small and medium sized dams will be built


Source: http://www.geo.tv/important_events/2...es/default.asp

LAHORE, June 16 (APP): Highlights of Punjab Budget 2009-10 presented by Punjab Finance Minister Tanvir Ashraf Kaira in the provincial assembly are as under:-

· Budget session started an hour late against its scheduled time 3.00 pm with recitation from the Holy Qur’an and Naat-e-Rasool.

· Opposition leader Ch. Zaheer termed the budget as un-constitutional prior to the announcement of National Finance Commission Award. However, the Law Minister Rana Sana Ullah rejected his stance, citing that the government is presenting the budget in accordance with the provisions of the constitution.

· Finance minister started budget speech at 4.20 p.m.

· Budget outlay for the year estimated at Rs 489.8 billion including development expenditure Rs 175 billion.

· Comprehensive development, Poverty alleviation, health, education to get priority.

· Increase in industrial, agriculture output to be focused.

· Transfer of inherited immoveable property exempted from levy of 2% stamp duty.

· Rs 30 billion allocated for subsidy on Sasti rooti, eatables, stipends to poor students, medical facilities and other facilities.

· 15% increase in salaries and pensions of government employees.

· Rs 23 billion allocated for education sector.

· Rs 26 billion allocated for special infrastructure projects.

· Rs 8.5 billion allocated for clean drinking water arrangements.

· Rs 3 billion allocated for farm to market roads, road connections and missing facilities in rural areas.

· Rs 2 billion allocated for providing facilities at Kach-abadies.

· Rs 12 billion for Health services.

· Rs 1.60 billion for Sports.

· Rs 2 billion for provision of basic life amenities in slum dwellings (Kachi Abadies).

· Rs 3.2 billion for Agriculture.

· Rs 47.55 billion for communication and civil works.

· Rs 5 billion for development of Southern Punjab,

· Rs 2 billion for link roads to connect rural areas with urban centres.

· Rs 2.30 billion for Technical Education and Vocational

Training of the youth.

Packed to capacity the assembly chamber echoed with desk thumping by the all the treasury members.

The minister, after the budget speech, presented finance bill 2009-10 and statement of supplementary budget 2008-9.

The speaker Rana Muhammad Iqbal adjourned the session for June 19 (Friday).


Source: Associated Press of Pakistan

__________________
Regards,
P.R.

Highlights of NWFP Budget 2009-10

PESHAWAR June 17 (APP): The NWFP Budget 2009‑10 presented by Senior Minister NWFP Rahim Dad Khan in the NWFP Assembly Wednesday afternoon focused on development of social sector, hydel power generation and economic development of province.

Following are the salient feature of the budget of 2009‑10:

1. Total volume of the budget Rs. 214.2 billion

2. The Annual Development Programme consisted of Rs. 51.1 billion

3. Rs. 6 bln allocated for education

4. Rs. 2 bln kept for Rehabilitation of IDPs

5. Current expenditure amounted to Rs. 80 bln

6. 624 old and 217 new schemes to be completed

7. Local government will receive Rs. 1.34 bln

8. Total deficit stood at Rs. 3.1 bln

9. Rs. 4.33 bln has been allocated for Health Sector

10. Highway sector will receive 5.13 bln

11. Agriculture department will get Rs. 790 bln

12. Rs. 1.24 bln allocated for Tameer‑i‑Sarhad Programme

13. Tourism sector will get Rs. 330 bln

14. Provincial own receipt stood at 7.5 bln

15. Profit from Hydel Power Generation stood at Rs. 6 bln

16. 4421 additional posts will be created in Police Department

17. Rs. 332.662 mln record allocation for Sports department

18. Establishment of Urban Model Township, Green Peshawar Project

19. Changes in hydel police 2006

20. 11 new schemes will be completed in hydel power sector

21. Rs. 441.308 mln allocated for in hydel sector in ADP‑2009‑10

22. Irrigation sector will receive Rs. 1406.496 mln for 33 ongoing, 19 new schemes

23. In ADP 2009‑10, 42 ongoing, 18 new schemes in Industrial sector will be completed

24. For preservation of Gandhara Civilization Rs. 332.622 allocated

25. Rs. 80 mln allocated for developing tourists spots

26. Provincial Finance Commission will get Rs. 1341.735 mln for District Govt

27. 11 Research and Development schemes will be completed 2009‑10

28. Rs. 7772 mln allocated for completion of 38 schemes of Regional Development

29. Un‑attractive Area Allowance (UAA) of government employees increased

30. Rs. 2 bln allocated for Subsidy on wheat

31. UAA Allowance of employees from BPS‑1‑15 increased from Rs. 150 to 1700

32. UAA Allowance will be applicable on employees of remote areas, including Chitral and Kohistan

33. Establishment of Provincial employment cell with initial grant of Rs. 500 mln

34. Salaries and Pension increased by 15 percent

35. Government employees from BPS‑1‑16 exempted from Professional Tax

36. Establishment of Benazir Shaheed Hospital and Bacha Khan Medical College at Mardan

37. Free Treatment of Hepatitis Patients

38. Free Provision of fund for construction Frontier House At Gawadar

39. 150 new school to be setup

40. 200 CNG buses will be purchase

41. Rs. 500 mln poverty reduction plan


Source: Associated Press of Pakistan

__________________
Regards,
P.R.

KARACHI, June 15 (APP)‑ Followings are the highlights of Sindh Budget for 2009‑10 presented by Sindh Chief Minister Syed Qaim Ali Shah in Sindh Assembly on Monday.

The budget has a record allocation of Rs 90 for Annual Development Plan with provincial ADP at Rs 75 billion.

· Rs 200 million allocation for IDPs for next year.

· Rs 4 billion earmarked under Benazir Income Support Programme.

· Sindh Bank to provide micro finance and agri credit.

· Rs 2 billion under School Nutrition Programme.

· Health budget increased from Rs 3.5 billion to Rs 5.23 billion in 2009‑10

· Education allocation up by 27 percent to Rs 6 billion.

· Rs 3.79 billion for water supply and sanitation.

· Japan Special Economic Zone.

· Rs 2 billion allocated under Thar Coal Infrastructure Package.

· Allocation for industrial sector up by 33 percent to Rs 1.6 billion.

· Focus on alternate energy development.

· Rs 2.4 billion Sindh Development Fund for agro based industries.

· Agriculture Sector gets Rs 4.8 billion, up by 89 percent over last year.

· Livestock and Fisheries get Rs 3.2 billion, higher by 36 percent over last year’s Rs 2.4 billion.

· Rs 4.9 billion allocated for irrigation schemes.

· Rs 3.6 billion allocated under Karachi Package.

· Road development allocations enhanced to Rs 13.55 billion.

· Rs 8 billion allocated to pay 15 percent increase in government employees salaries.

· Rs 193 million for pensioners.

· Rs 296 million allocation for development of sports.

· Minorities to get Rs 200 million for welfare.

· Stamp Duty on “Bill of Exchange” cut by 50 percent.

· Stamp Duty on commercial activities rationalized.

· Hotel occupancy rate slashed.

· Penalty imposed on default of registration of various kinds of vehicles.

· Electric Duty is reduced to provide relief to domestic, commercial, industrial and agricultural consumers.


Source: Associated Press of Pakistan

__________________
Regards,
P.R.

QUETTA, June 20 (APP): The provincial government has allocated Rs. 18.6 billion for Public Sector Development Program (PSDP) in Budget 2009-10.

Of the amount allocated, Rs. 198.461 million would be spent on Agriculture, Rs. 44.109 billion on livestock, Rs. 8 million on Forestry, Rs. 41 million on Fisheries, Rs. 7.1 million on Industries, Rs. 111.168 million on Minerals, Rs. 35 million on Manpower, Rs. 55.070 million on Sports, Rs. 30.672 million on Culture, Rs. 5 million Tourism, Rs. 348.159 million on Physical Planning and Housing, Rs. 7.0 billion on Roads, Rs. 1.2 billion on Water, Rs. 2.4 billion on Education, Rs. 540 million on Health and Rs. 889.2 million for Public Health Engineering.

Similarly, Rs. 5 million have been allocated for Social Welfare, Rs. 240.227 million for Environment, Rs. 271.265 million for Local Government, Rs. 9million for Women Development, Rs. 697.830 million for Balochistan Development Authority, Rs. 9 million for Quetta Development Authority, Rs. 30.70 million for Gwadar Development Authority, Rs. 48.200 million for Balochistan Coastal Development Authority, Rs. 411.100 million for Power, Rs. 300 million for Special Programs, Rs. 30 million for Study and Research, Rs. 850.098 million for other schemes and Rs. 3000 million have been allocated for New Initiatives.



Quetta, June 20 (APP): Following is the Balochistan Budget for the fiscal year 2009-10 at a glance:

Rs. in million

A - TOTAL REVENUE RECEIPTS 59,054.101

(I) Federal Receipts 55,408.436

Shared Taxes 29,204.937

Subvention 13,975.500

Surcharge on Gas 5632.946

Excise Duty on Gas 1371.020

Royalty on Gas 4443.718

GST (Provincial) 780.315

(II) Provincial Receipts 53081.274

Tax Receipts 1132.671

Non-Tax Receipts 2512.994

B - CURRENT REVENUE EXP 53081.274

General Administration 10132.155

Law & Order 5558.275

Community Services 1791.855

Social Services 5173.637

Economic Services 5682.824

Subsidy (Wheat) 1000.00

Debt Servicing 1742.529

Provincial Allocable/GST 2.5% 22,000.00

C - Revenue Surplus (A-B) 5972.827

D - CAPITAL RECEIPTS 1685.417

Recoveries (Loans & Advances) 81.325

Unfunded Debt 1604.092

E - CURRENT CAPITAL EXPENDITURE 2628.907

Repayment of Central Loans 2328.907

Loans & Advances 300.000

F - Net Capital Receipt (D-E) 943.490

REVENUE SURPLUS (C-F) (5029.336)

RESOURCES FOR DEV. OUTLAY 10203.836

Resources for Development 5029.336

Foreign Project Assistance Loan 5163.000

Cash Assistance (Japanese Grant) 11.500

DEVELOPMENT OUTLAY 18536.322

PSDP 10429.109

Public Representative Program 3000.000

Foreign Project Assistance Loan 5095.713

Cash Assistance (Japanese Grant) 11.500

Total Surplus/Deficit (8332.486)


Note: Prime Minister Syed Yusuf Raza Gilani has committed to provide a special grant of Rs. 3000 million as budgetary support grant and Rs. 3000 for Public Representative Program. On receipt of committed amount, the budget deficit will be decreased to Rs. 2332.486 million.


Source: Associated Press of Pakistan.

__________________
Regards,
P.R.