Professional Documents
Culture Documents
(Rs. Billion)
HIGHLIGHTS
CONSOLIDATED BUDGETARY POSITION 2008-09 2009-10 (B.E)
A. REVENUE
1. Direct Taxes 440,271 565,600
2. Indirect Taxes 718,315 927,960
i. Customs 148,382 162,200
ii. Sales Tax 452,294 499,400
iii. Federal Excise 116,055 152,800
3. Total Tax Revenue 1,158,586 1,493,560
(1+2)
4. Surcharges (Gas & Oil) 126,026 29,937
5. Non-Tax Revenue 454,885 483,710
6. Total Revenue Receipts 1,739,497 2,007,207
Gross (3+4+5)
B. EXPENDITURE
9. Current Expenditure* 1,536,441 1,566,746
i. Defence 329,902 342,913
ii. Interest 637,790 647,104
iii. Grants 154,927 221,620
iv. Economic Services @ 136,553 84,926
v. Subsidies 220,352 119,915
v. Other 245,790 232,130
10. Development Expenditure(PSDP) 308,301 580,206
11. Total Expenditure (9+10) 1,844,742 2,146,952
Source: Budget Wing, Finance Division, Islamabad
B.E.- Budget Estimates
@ : Include Law and Order, Social, Economic and Community Services
* Current expenditure here includes earthquake related spendings
TABLE 4.2
DEBT SERVICING
(Rs million)
%Change
Fiscal Year/ 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2009-10/
Item (B.E) 2008-09
A. Interest Payments 278,671 241,678 236,849 250,611 276,565 398,209 527,321 663,908 663,923 0.0
A.1 Federal 250,077 216,074 202,940 216,042 244,648 375,309 501,942 645,440 647,104 0.3
Interest on Domestic Debt 189,477 166,874 161,540 176,342 202,548 326,892 442,589 573,768 576,770 0.5
Interest on Foreign Debt 60,600 49,200 41,400 39,700 42,100 48,417 59,353 71,672 70,334 -1.9
A.2 Provincial 28,594 25,604 33,909 34,569 31,917 22,900 25,379 18,468 16,819 -8.9
B. Repayments/Amortization
of Foreign Debt. 164,905 64,234 69,765 55,724 85,411 67,304 88,383 121,331 132,446 9.2
C. Total Debt Servicing (A+B) 443,576 305,912 306,614 306,335 361,976 465,513 615,704 785,239 796,369 1.4
MEMORANDUM ITEMS
Interest on Domestic AS PERCENTAGE OF GDP
Debt (Federal) 4.3 3.4 2.9 2.7 2.7 3.8 4.3 4.4 4.0
Interest on Foreign Debt 1.4 1.0 0.7 0.6 0.6 0.6 0.6 0.5 0.5
Repayment of Foreign Debt 3.7 1.3 1.2 0.9 1.1 0.8 0.9 0.9 0.9
Total Debt Servicing 10.0 6.3 5.4 4.7 4.7 5.4 6.0 6.0 5.4
Permanent Debt 349,212 424,767 468,768 570,009 526,179 514,879 562,540 616,766 685,939 706,908 3.1
Floating Debt 737,776 557,807 516,268 542,943 778,163 940,233 1,107,655 1,589,587 1,903,488 2,054,489 7.9
Un-funded Debt 712,010 792,137 909,500 914,597 873,248 881,706 940,007 1,020,378 1,269,241 1,469,484 15.8
Total 1,798,998 1,774,711 1,894,536 2,027,549 2,177,590 2,336,818 2,610,202 3,226,731 3,858,668 4,230,881 9.6
Domestic Debt as %
of GDP (mp) 42.7 40.0 38.9 35.9 33.5 30.7 30.1 31.4 29.5 28.5
B.E : Budget Estimate Source: Debt Management Section, Finance Division, Islamabad