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Presented By : Saqib Anwer Assigned By : Sir.

Kamran Khan

An estimation of the revenue and expenses for a specified future time period. A budget can be made for a person, family, group of people, business, government, country, multinational organization or just about anything else that makes and spends money.

A financial situation that occurs when an entity has more money going out than coming is called deficit.

A situation in which income exceeds expenditures is called surplus.

1-The total outlay of budget 2012-13 is Rs 3,203 billion. This size is 15.8% higher than the size of budget estimates 2011-12.

2-The resource availability during 2012-13 has been estimated at Rs 2,719 billion against Rs 2,463 billion in the budget estimates of 2011-12.

3-The revenue receipts (net) for 2012-13 have been estimated at Rs 1,775 billion indicating an increase of 16.1% over the budget estimates of 2011-12.

4-The provincial share in federal revenue receipts is estimated at Rs 1,459 billion during 2012-13 which is 21.2% higher than the budget estimates for 2011-12.

5-The net capital receipts for 2012-13 have been estimated at Rs 478 billion against the budget estimates of Rs 396 billion in 2011-12 i.e. an increase of 20.8%.

6-The external receipts in 2012-13 are estimated at Rs 387 billion. This shows a decrease of 6.5% over the budget estimates for 2011-12. 7-The overall expenditure during 2012-13 has been estimated at
Rs 3,203 billion of which the current expenditure is Rs 2,612 billion and development expenditure is Rs 591 billion. 8-The share of current expenditure in total budgetary outlay for 2012-13 is 81.6% as compared to 84.6% in revised estimates for 2011-12.

9-The expenditure on General Public Services is estimated at

Rs 1,877 billion which is 71.9% of the current expenditure.

10-The size of Public Sector Development Programme (PSDP) for 2012-13 is Rs 873 billion. Out of this, Rs 513 billion has been allocated to provinces. Federal PSDP has been estimated at Rs 300 billion, out of which Rs 207 billion to Federal Ministries/Divisions, Rs 80 billion to Corporations, Rs 36 billion to Special Areas and Rs 27 billion to Special Programmes and Rs 10 billion to Earthquake Reconstruction and Rehabilitation Authority (ERRA).

11-The other development expenditure outside PSDP for 2012-13 has been estimated at Rs 154 billion.

There are two types of resources.

The gross revenue receipts in budget 2012-13 are estimated at Rs 3,233,906 million showing an increase of 27.5% over the revised estimates 2011-12. The provincial share in taxes for 2012-13 is estimated at Rs 1,458,924 million which is 20.7% higher than the revised estimates of 2011-12]

The estimated tax revenue for 2012-13 is Rs 2,503,575 million, which reflects an increase of 23.7% over revised estimates 2011-12. Non-tax revenue has been projected at Rs 730,331 million in 2012-13 as compared with Rs 512,184 million in revised estimates 2011-12. At this level, the non-tax revenue is higher by 42.6% when compared with the revised estimates 2011-12.

Rs In Million Classification Tax revenue Direct tax Indirect tax Non tax revenue Property and Enterprise Civil Administration and Other Functions Miscellaneous Receipts Budget (2012-13) 2,503,575 932,000 1,571,575 730,331 178,773 354,175 197,384

Revenue Receipts (Gross)

Less: Provincial Share Revenue Receipts (Net)

3,233,906
1,458,924 1,774,982

Net capital receipts in the budget 2012-13 have been estimated at Rs 477,779 million against Rs 395,652 million in the budget estimates 2011-12 and Rs 525,497 million in the revised estimates 2011-12.

The estimated provincial surplus has been projected at Rs 79,548 million for 2012-13 as against Rs 124,882 million in budget estimates 2011-12 and Rs 90,744 million in revised estimates 2011-12.

The budget estimate 2012-13 for external resources is Rs 386,879 million, Which is 6.5% lower than budget estimates 2011-12 and 71.1% higher than revised Estimates.

The sum assigned to the Provincial Governments under Article 3 shall be Distributed amongst the Provinces on the basis of the percentage specified against Each:-

Baluchistan Khyber phaktunkhowa Punjab Sindh

Total

9.09% 14.62% 51.74% 24.55% 100%

The following table shows total estimated transfers to the Provincial Governments during the financial year 2012-13. In Millions

Classification
PROVINCE- WISE SHARE Punjab Sindh Khyber phaktunkhawa Baluchistan Total

budget (2012-13)
710,297 373,619 241,750 133,259 1,458,924

The current expenditure has been estimated for 2012-13 at Rs 2,611,940 million, showing a decline of Rs 19,971 million over revised estimates 2011-12 In Million
Classification General Public Service Defence Affairs and Services Public Order and Safety Affairs Economic Affairs Environment Protection
Budget 2012-13

1,876,839 545,386 70,157 53,642 736

Housing and Community Amenities Health Affairs & Services

Recreational, Culture and Religion Education Affairs and Services Social Protection Total

1,855 7,845
6,267 47,874 1,340 2,611,940

Working Deficit
A) Federal Revenue (net) B)Total federal expenditures i)Current Expenditure ii)Development and Net Lending (a+b+c) a)Federal PSDP
b) Other Development expenditure

Financing of Deficit
1775 2960 2396 564 360 154 50 -1185 80 -1105 -4.7% Gross External Loans Less Repayments 387 252

Long Term Foreign Loans 216 Short Term Foreign Loans Net External Financing Domestic Financing Bank Financing Non Bank Financing Public debt Public Account 36 135 971 484 487 299 188 4.7%

c) Net Lending C) federal deficit (a-b) Est. provincial surplus Over all fiscal deficit % of GDP

Total Financing of Deficit 1105 % of GDP

In per%
General Public Service = 71.1 Defence Affairs and Services=20.9 Public Order and Safety Affairs = 2.7 Economic Affairs = 2.9
GPS D A and S P O and S A EA EP H and C A HA&S C and R A E A and S

Environment Protection=0.02
Housing and Community Amenities = 0.07 Health Affairs & Services=0.3

Culture and Religious

Affairs=0.2 Education Affairs and Services=1.8

In per%
Science and Technology = 0.4 Defence Affairs and

Services=15.9
Public Order and Safety Affairs = 0.4 Economic Affairs = 1.6 Environment Protection=0.2 Housing and Community Amenities = 0.1 Health Affairs & Services=2.1 Culture and Religious Affairs=0.09 Education Affairs and Services=5.0

S and T D A and S P O and S A EA EP H and C A HA&S C and R A E A and S

In per%

General Public Service = 0.02

Defence Affairs and Services= 6.8 Public Order and Safety Affairs = 4.8 Economic Affairs = 0.1 Environment Protection= 0.5 Housing and Community Amenities = 0.76 Health Affairs & Services= 4.9 Culture and Religious Affairs= 0.2 Education Affairs and Services= 11.6 Agriculture = 4.7 Industrial Services= 0.1
GPS D A and S P O and S

EA
EP H and C A HA&S C and R A E A and S

A
IS

The conclusion of above presentation is that the budget of Pakistan is of worst kind of budget and government should take severe actions in order To make improve its budget.

By reviewing all above budgets of different countries we can recommend that Pakistan government should decrease the defence affairs and services Budget and increase its education affairs budget in this way Pakistan literacy rate will improve.

In the same manner if Pakistan government decreases its economics affairs Budget so government can utilize it in agriculture and industrial sector.

Pakistan government should increase public order and safety affairs budget and also make budget for hospitality for tourist and foreigners.