2017–18 Pakistan federal budget

2017–18 (2017–18) Federal Budget
Presented26 May 2017
ParliamentNational Assembly of Pakistan
PartyPakistan Muslim League (N)
Finance ministerIshaq Dar
TreasurerMinistry of Finance
Total expendituresRs. 475,000 Crores
Deficit4.00
WebsiteBudget speech 2017-18

The Federal budget 2017–18 was the federal budget of Pakistan for the fiscal year beginning from 1 July 2017 and ending on 30 June 2018.[1]

It was presented by Finance Minister Ishaq Dar on 26 May 2017 at the National Assembly with a total outlay of ₨. 4.75 tn. This is the fifth federal budget submitted during the tenure of Prime Minister Nawaz Sharif and his cabinet.[2]

The budget was presented following a protest of the Pakistan Kissan Ittehad, demanding subsidies on fertilisers and electricity bills, at D-Chowk in Islamabad.[3]

The budget proposed a 10.0% increase in the salaries and pensions of federal government employees and an increase in the minimum monthly wage from ₨. 14,000 to ₨. 15,000. The allocation made for Benazir Income Support Programme stood at ₨.121 billion for 5.5 million beneficiaries.[4] The defence expenditure of ₨.920.2 billion (or 19.36% of total budget outlay) which was around 7% higher than it was in the outgoing year was set aside.[5]

Budget

Original (Rs Billions) Revised (Rs Billions)
Mark-up Payment 1363 1526.2
Development 1340.1 1062.8
Defence Affairs and Services 920.2 999.2
Grants and Transfers to Provinces / Others 430.2 461.6
Foreign Loans Repayment 286.6 428.1
Running of Civil Government 376.8 402
Pension (Military and Civil) 248 333.4
Subsidies 138.8 147.6
Total Expenditure 5103.8 5361

[6]

References

  1. ^ "Dar unveils Budget 2017-18 with Rs4.75 trillion outlay". Express Tribune. 26 May 2017. Retrieved 29 May 2017.
  2. ^ Rao, Hamza (26 May 2017). "Budget 2017-18: Full budget brief for Parliamentarians". Daily Pakistan. Retrieved 29 May 2017.
  3. ^ Qarar, Shakeel (26 May 2017). "Police fire water cannon to disperse protesting farmers in Islamabad". Dawn. Associated Press. Retrieved 29 May 2017.
  4. ^ "PML-N government unveils Federal Budget 2017-18 with ₨.4.75tr outlay". Dawn. 26 May 2017. Retrieved 29 May 2017.
  5. ^ "Defence budget set at ₨.920.2bn for FY2017-18". Dawn. 27 May 2017. Retrieved 29 May 2017.
  6. ^ "Budget in Brief 2018-19" (PDF). Ministry of Finance | Government of Pakistan.