Glossary of Terms

Bank Borrowing Includes borrowing from the State Bank of

Pakistan and Scheduled Banks

Capital Receipts Income from proceeds of borrowing, money

received in repayment of loans, recoveries of
advances and investments, proceeds of
savings schemes, net receipts from
transactions under deposit, and remittances

Community Services Income from rents of government buildings,

Receipts land, guest houses, and hostels, etc.

Current Expenditure Include interest payments, pension, defence

affairs & services, grants & transfers,
subsidies, and running of civil government

Development Expenditure Include federal PSDP, development loans &

grants to provinces, and other development
expenditure (outside PSDP)

Direct Taxes Income tax, workers welfare fund and capital

value tax (CVT)

Disbursements Government investments, loans, advances

and others, and repayment of short term credit

External Resources Include project and programme loans, foreign

loans & credits, and foreign grants

Grants Financial support to provinces, organisations,

and industries for contingent liability, to fulfill
losses, remission of loans, etc.

Gross Revenue Receipts Sum of tax revenue and non-tax revenue

(before excluding provincial share)

Indirect Taxes Customs, sales tax and federal excise.

Contd……..
 Glossary of Terms

Internal Resources Include net revenue receipts, net capital

receipts, and estimated provincial surplus

Net Capital Receipts Capital receipts minus disbursements

Net Lending to Others Government investments, loans and advances

from Public Sector Enterprises (PSEs) minus
recoveries of loans and advances from PSEs

Net Revenue Receipts Gross revenue receipts minus provincial share

Non-Tax Revenue Income from property and enterprises; receipts

from civil administration and other functions;
and miscellaneous receipts of the federal
ministries, divisions and departments

Other Development Other development expenditure comprises

Expenditure development expenditure of Federal
Government outside the PSDP

Other Taxes Islamabad Capital Territory (ICT) Tax, Airport

Tax, Gas Infrastructure Development Cess
(GIDC), Natural Gas Development Surcharge
and Petroleum Levy.

Provincial Share Provincial share in federal taxes and straight

transfers

Provincial Surplus Provincial government deposits with State

Bank of Pakistan

Resources Include internal and external financial

resources

Tax Revenue Income from direct, indirect and other taxes

Total Outlay / Expenditure Includes current expenditure and development

expenditure