ISLAMABAD: The budget 2014-15 has following salient features, announced by Finance Minister Ishaq Dar in the Parliament House on Tuesday.
A) The total outlay of budget 2014-15 is Rs4,302 billion. This size is 7.9 per cent higher than the size of budget estimates 2013-14.
B) The resource availability during 2014-15 is estimated at Rs4,074bn against Rs3,011bn in the budget estimates of 2013-14.
C) The net revenue receipts for 2014-15 are estimated at Rs2,225bn indicating an increase of 16pc over the budget estimates 2013-14.
D) The provincial share in federal revenue receipts is estimated at Rs1,720bn during 2014-15, which is 14.5pc higher than the budget estimates 2013-14.
E) The net capital receipts for 2014-15 have been estimated at Rs691bn against the budget estimates of Rs493bn in 2013-14 i.e. an increase of 40pc.
F) The external receipts in 2014-15 are estimated at Rs869bn. This shows an increase of 50.7pc over the budget estimates 2013-14.
G) The overall expenditure during 2014-15 are estimated at Rs4,302bn, out of which the current expenditure is Rs3,463bn and development expenditure is Rs839bn. Current expenditure has been estimated to be higher than the revised estimates for 2013-14 by 8.3pc, while development expenditure lower by 2.4pc.
H) The share of current expenditure in total budgetary outlay for 2014-15 is 80.5pc as compared to 78.8pc in revised estimates for 2013-14.
I) The expenditure on General Public Services is estimated at Rs2,543bn which is 73.4pc of the current expenditure.
J) The size of the Public Sector Development Programme (PSDP) for 2014-15 is Rs1,175bn. Out of this, Rs650bn has been allocated to provinces. The Federal PSDP has been estimated at Rs525bn, out which Rs296bn to Federal Ministries/Divisions, Rs176bn to Corporation, Rs12.5bn to Pakistan Millennium Development Goals and Community Development Programme, Rs36bn to Federal Development Programme / Projects for Provinces and Special Areas, and Rs5bn to Earthquake Reconstruction and Rehabilitation Authority (ERRA).
K) The other development expenditure outside PSDP for 2014-15 has been estimated at Rs162bn.
L) To meet expenditure, bank borrowing has been estimated for 2014-15 at Rs228bn, which is lower than the budget and revised estimates of 2013-14.
Published in Dawn, June 4th, 2014
