Salient Features of National Budget 2017-18

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Senator Najma Hameed said that several incentives have been announced by the government in present budget to give relief to poor segment of the society. He said that adequate allocations have been made for health and education sector. She said that more allocations have been made for Pakistan Bait-ul-Mal and Benazir Income Support Programme (BISP). Senator Daud Achakzai said that the more allocations should be made for less developed areas in the present budget. He added the government should also start work on FATA reforms. He demanded the government to allocate more funds for drinking water schemes for Balochistan as the people of the area were facing acute water shortage problem. He said that the government should also address the loadshedding issue. He asked to raise salary of government employees and announce more allocations for poor and destitute people of the country in the budget.

ISLAMABAD, May 26 (APP): Following are the salient features of National Budget 2017-18, announced by 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 higher 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 Rs.
2,553.6 billion.
-The expenditure on general public service is estimated at
2,553.6 billion.
-The development expenditure outside PSDP has been estimated
Rs 152.2 billion.
-The size of PSDP is Rs 2113 billion. Out of this Rs 1112
billion has been allocated to provinces, Federal PSDP has been
estimated at Rs 1001 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 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 CPEC projects, Rs 45 billion allocated
for 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.