Finance Minister Dr Abdul Hafeez Sheikh on Friday presented the Federal Budget 2011-12 in the National Assembly and announced projections for the next fiscal year.
The salient features are as follows:
a) The total outlay of budget 2011-12 is Rs 2,767 billion. This size is 14.2 percent higher than the size of budget estimates for 2010-11.
b) The resource availability during 2011-12 has been estimated at Rs 2,463 billion against Rs 2,256 billion in the budget estimates of 2010-11.
c) Net revenue receipts for 2011-12 have been estimated at Rs 1,529 billion indicating an increase of 11 percent over the budget estimates for fiscal year 2010-11.
d) The provincial share in federal revenue receipts is estimated at Rs 1,203 billion during 2011-12, which is 16.4 percent higher than the budget estimates for 2010-11.
e) The capital receipts (net) for 2011-12 have been estimated at Rs 396 billion against the budget estimates of Rs 325 billion in 2010-11 indicating an increase of 11 percent.
f) The external receipts in 2011-12 are estimated at Rs 414 billion. This shows an increase of 7.1 percent over the budget estimates for 2010-11.
g) The overall expenditure during 2011-12 has been estimated at Rs 2,767 billion of which the current expenditure is Rs 2,315 billion and the development at Rs 452 billion. Current expenditure shows an increase of less than 1 percent over the revised estimates of 2010-11, while development expenditure will increase by 64.4 percent in 2011-12 over the revised estimates of 2010-11.
h) The share of current expenditure in total budgetary outlay for 2011-12 is 83.7 percent as compared to 89.7 percent in revised estimates for 2010-11.
i) The expenditure on General Public Services (inclusive of debt servicing transfer payments and superannuation allowance) is estimated at Rs 1,660 billion, which is 71.1 percent of the current expenditure.
j) The size of Public Sector Development Programme (PSDP) for 2011-12 is Rs 730 billion. While for Other development expenditure an amount of Rs 97 billion has been allocated. The PSDP shows an increase of 58 percent over the revised estimates of 2010-11.k) The provinces have been allocated an amount of Rs 430 billion for budget estimates 2011-12 in their PSDP as against Rs 373 billion in 2010-11.
l) An amount of Rs 10 billion has been allocated to the Earthquake Reconstruction and Rehabilitation Authority (ERRA) in the PSDP 2011-12.