2017–18 Pakistan federal budget

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]

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

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

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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

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  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.