FEDERAL BUDGET 2011-2012

Prepared By: ABDUL QADEER MOHAMMAD ABDULLAH

References: www.colunmpk.com www.opfblog.com (A blog of overseas Pakistani friends) www.cssforum.com.pk (Civil Service of Pakistan)

BUDGET 2011-2012 (RS. IN BILLION)

S. No. 1. 2. 3. 4. 5. 6. 7. 8. 9. RECEIPTS Tax revenue Non tax Revenue Total Revenue 2074 658 2732 S. No. 1. 2. 3. Interest payment External loans Pension Defense Expenses Grants, Transfer Allowances Civil Government Stability Providing Salary and pension Federal PSDP PAYMENTS 791 243 96 495 295 166 203 25 300

Less Provincial share

Net Revenue Capital revenues External Receipts Provincial Surplus Bank Loans

(1203) 4. 1529 396 414 125 304 2767 5. 6. 7. 8. 9. 10.

Provincial Development Loans and Grants 55 Other Development Expenses 97 2767

Total Resources (5-9)

11.

Total Expenses (1-10)

BUDGET HIGHLIGHTS

15% increase in government employees salaries,

15-20% increase in pensions

25% Increase in conveyance allowance (from grade 1 to 15)

BUDGET HIGHLIGHTS CONTINUED..

Rs.1100 million allocated for New Gawadar International Airport

Electricity, Utility Stores, and other Corporations, the Subsidy reduced to more than a half. (reduced from 395 billon to 166 billion) Decrease in GST from 17% to 16%,

BUDGET HIGHLIGHTS CONTINUED..

The amount to be taxed increased from 300,000 to 350,000 Tax rate on withdrawal of cash Tax rate decreased from 0.3% to 0.2%
392 items of daily consumption free from regularity duty except the luxury cars, cigarettes etc

BUDGET HIGHLIGHTS CONTINUED..

On cold drinks Federal Excise Duty reduced from 12% to 6%

Rs 40 billion allocated for HEC

An amount of Rs.10 billion has been allocated to Earthquake Reconstruction and Rehabilitation Authority (ERA) in the PSDP 2011-12.

THANKS