Salient features of budget 2016 17

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ISLAMABAD, Jun 3 (APP): Following are the salient
features of the budget 2016 17, announced by the Minister for Finance and Economic Affairs Senator Muhammad Ishaq Dar here on Friday.
• The total outlay of the budget 2016 17 is Rs 4,894.9 billion.
• It is 10 percent higher than the previous budget of 2015 16.
• The resources availability during 2016 17 has been estimated at Rs 4,442.0 billion against Rs 4,168.3 billion in the budget of 2015 16.
• The net revenue receipt for 2016 17 has been estimated at Rs 2,779.7 billion indicating an increase of 12.8 percent over the budget estimates of 2015 16.
• The provisional share in federal taxes is estimated at
Rs 2,135.9 billion, during 2016 17, which is 15.5 percent higher than the budget estimates for 2015 16.
• The net capital receipts for 2016 17 have been
estimated as Rs 453.6 billion against the budget estimates of
Rs 606.3 billion in 2015 16 i.e a decline of 25.2 percent.
• The external receipts in 2016 17 are estimated at
Rs 819.6 billion.
• This shows an increase of 9.1 percent over the budget estimates for 2015 16.
• The overall expenditure during 2016 17 has been estimated at Rs 4,894.9 billion out of which the current expenditure is Rs 3844.0 billion and development expenditure is Rs 1,050.9 billion.
• The share of current and development expenditure in total budgetary outlay for 2016 17 is 78.5 percent and 21.5 percent respectively.
• The expenditure on general public service is estimated at Rs 2,707.2 billion which is 70.4 percent of the current expenditure.
• The development expenditure outside PSDP has been estimated at Rs 156.6 billion in the current budget.