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Presented By : Saqib AnwerAssigned By : Sir. Kamran Khan

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An estimation of the revenue and expenses for a

specified future time period. A budget can be made for aperson, family, group of people, business, government,country, multinational organization or just aboutanything else that makes and spends money.

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A situation in which income exceeds expenditures iscalled surplus.

A financial situation that occurs when an entity hasmore money going out than coming is called deficit.

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1-The total outlay of budget 2012-13 is Rs 3,203 billion. This size is

15.8% higherthan the size of budget estimates 2011-12.

2-The resource availability during 2012-13 has been estimated at

Rs 2,719 billion against Rs 2,463 billion in the budget estimates of2011-12.

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3-The revenue receipts (net) for 2012-13 have been estimated at

Rs 1,775 billionindicating an increase of 16.1% over the budgetestimates of 2011-12.

4-The provincial share in federal revenue receipts is estimated at

Rs 1,459 billionduring 2012-13 which is 21.2% higher than thebudget estimates for 2011-12.

5-The net capital receipts for 2012-13 have been estimated at

Rs 478 billionagainst the budget estimates of Rs 396 billion in

2011-12 i.e. an increase of20.8%.

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6-The external receipts in 2012-13 are estimated at Rs 387 billion.This shows a decrease of 6.5% over the budget estimates for

2011-12.

7-The overall expenditure during 2012-13 has been estimated at

Rs 3,203 billionof which the current expenditure is Rs 2,612 billion

and developmentexpenditure is Rs 591 billion.

8-The share of current expenditure in total budgetary outlay for

2012-13 is 81.6%as compared to 84.6% in revised estimates for2011-12.

9-The expenditure on General Public Services is estimated at

Rs 1,877 billionwhich is 71.9% of the current expenditure.

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10-The size of Public Sector Development Programme (PSDP) for

2012-13 is Rs 873 billion. Out of this, Rs 513 billion has been allocated toprovinces. Federal PSDP has been estimated at Rs 300 billion, out ofwhich Rs 207 billion to Federal Ministries/Divisions, Rs 80 billion toCorporations, Rs 36 billion to Special Areas and Rs 27 billion to SpecialProgrammes and Rs 10 billion to Earthquake Reconstruction andRehabilitation Authority (ERRA).

11-The other development expenditure outside PSDP for 2012-13

has beenestimated at Rs 154 billion.

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There are two types of resources.

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The gross revenue receipts in budget 2012-13 are estimated atRs 3,233,906 million showing an increase of 27.5% over therevised estimates 2011-12. The provincial share in taxes for2012-13 is estimated at Rs 1,458,924 million which is 20.7%higher than the revised estimates of 2011-12]

The estimated tax revenue for 2012-13 is Rs 2,503,575 million,which reflects an increase of 23.7% over revised estimates2011-12. Non-tax revenue has been projected at Rs 730,331 millionin 2012-13 as compared with Rs 512,184 million in revised estimates2011-12. At this level, the non-tax revenue is higher by 42.6% when

compared with the revised estimates 2011-12.

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Classification Budget(2012-13)Tax revenue 2,503,575

Direct tax 932,000

Indirect tax 1,571,575Non tax revenue 730,331

Property and Enterprise 178,773

Civil Administration and Other Functions 354,175

Miscellaneous Receipts 197,384

Revenue Receipts (Gross) 3,233,906

Less: Provincial Share 1,458,924

Revenue Receipts (Net) 1,774,982

Rs In Million

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Net capital receipts in the budget 2012-13 have been estimated atRs 477,779 million against Rs 395,652 million in the budgetestimates 2011-12 and Rs 525,497 million in the revised estimates2011-12.

The estimated provincial surplus has been projected at Rs 79,548million for 2012-13 as against Rs 124,882 million in budget

estimates 2011-12 and Rs 90,744 million in revised estimates2011-12.

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The budget estimate 2012-13 for external resources is Rs

386,879 million, Which is 6.5% lower than budget estimates2011-12 and 71.1% higher than revised Estimates.

The sum assigned to the Provincial Governments under Article 3 shall be

Distributed amongst the Provinces on the basis of the percentage specified against

Each:-

BaluchistanKhyber phaktunkhowaPunjabSindh

9.09%

14.62%51.74%24.55%

Total 100%

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The following table shows total estimated transfers to the Provincial

Governments during the financial year 2012-13.

Classification budget(2012-13)

PROVINCE- WISE SHARE

Punjab 710,297

Sindh 373,619

Khyber phaktunkhawa 241,750

Baluchistan 133,259

Total 1,458,924

In Millions

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The current expenditure has been estimated for 2012-13 at

Rs 2,611,940 million, showing a decline of Rs 19,971 million over revised

estimates 2011-12

Classification Budget2012-13General Public Service 1,876,839

Defence Affairs and Services 545,386Public Order and Safety Affairs 70,157

Economic Affairs 53,642

Environment Protection 736

Housing and Community Amenities 1,855

Health Affairs & Services 7,845

Recreational, Culture and Religion 6,267

Education Affairs and Services 47,874

Social Protection 1,340

Total 2,611,940

In Million

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Working Deficit Financing of Deficit

A) Federal Revenue (net) 1775 Gross External Loans 387B)Total federalexpenditures

2960 Less Repayments 252i)Current Expenditure 2396 Long Term Foreign Loans 216

ii)Development and NetLending (a+b+c)

564 Short Term ForeignLoans

36

a)Federal PSDP 360 Net External Financing 135b) Other Developmentexpenditure

154 Domestic Financing 971c) Net Lending 50 Bank Financing 484

C) federal deficit (a-b) -1185 Non Bank Financing 487Est. provincial surplus 80 Public debt 299

Public Account 188

Over all fiscal deficit -1105 Total Financing of Deficit 1105% of GDP -4.7% % of GDP 4.7%

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General Public Service = 71.1Defence Affairs and

Services=20.9Public Order and Safety

Affairs = 2.7Economic Affairs = 2.9

Environment Protection=0.02Housing and Community

Amenities = 0.07Health Affairs & Services=0.3

Culture and Religious

Affairs=0.2Education Affairs and

Services=1.8

G P S

D A and S

P O and S A

E A

E P

H and C A

H A & S

C and R A

E A and S

In per%

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Science and Technology = 0.4Defence Affairs and

Services=15.9Public Order and Safety

Affairs = 0.4Economic Affairs = 1.6

Environment Protection=0.2Housing and Community

Amenities = 0.1Health Affairs & Services=2.1

Culture and Religious

Affairs=0.09Education Affairs and

Services=5.0

S and T

D A and S

P O and S A

E A

E P

H and C A

H A & S

C and R A

E A and S

In per%

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General Public Service = 0.02

Defence Affairs and Services= 6.8

Public Order and Safety

Affairs = 4.8

Economic Affairs = 0.1

Environment Protection= 0.5

Housing and Community Amenities =

0.76

Health Affairs & Services= 4.9

Culture and Religious Affairs= 0.2

Education Affairs and Services= 11.6

Agriculture = 4.7

Industrial Services= 0.1

G P S

D A and S

P O and S

E A

E P

H and C A

H A & S

C and R A

E A and S

A

I S

In per%

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The conclusion of above presentation is that the budgetof Pakistan is of worst kind of budget and governmentshould take severe actions in order To make improve itsbudget.

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By reviewing all above budgets of different countries we can recommendthat Pakistan government should decrease the defence affairs and servicesBudget and increase its education affairs budget in this way Pakistanliteracy rate will improve.

In the same manner if Pakistan government decreases its economicsaffairs Budget so government can utilize it in agriculture and industrialsector.

Pakistan government should increase public order and safety affairsbudget and also make budget for hospitality for tourist and foreigners.

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