ISLAMABAD :Following are the salient features of the federal budget 2008-2009 mentioned in budget documents and released by the Finance Ministry.
a) The total budget of 2008-09 is Rs 2010 billion which is? 29.7 percent higher than the size of budget estimated in 2007-08.
b) The resources during 2008-09 are estimated at Rs 1836 billion against Rs 1394 billion in the budget estimates of 2007-08.
c) Net revenue receipts for 2008-09 are estimated at Rs 1111 billion an increase of 23.1 percent over the budget estimates of 2007-08.
d) The provincial share in federal revenue receipts is estimated at Rs 568 billion during 2008-09 which is 22 percent higher than the budget estimates for 2007-08.
e) The capital receipts (net) for 2008-09 have been estimated at Rs 221 billion against the budget estimates of Rs 59 billion in 2007-08.
f) The external receipts in 2008-09 are estimated at Rs 200 billion. This shows an increase of 16.1 percent over the budget estimates for 2007-08.
g) The overall expenditure during 2008-09 has been estimated at Rs 2010 billion of which the current expenditure is Rs 1493 billion and Public Sector Development Programme (PSDP) at Rs 550 billion. Current expenditure shows a decrease of 1.5 percent over the revised estimates of 2007-08, while PSDP will increase by 20 percent in 2008-09 over the revised estimates of 2007-08.
h) The share of current expenditure in total budgetary outlay for 2008-09 is 74.3 percent as compared to 77.8 percent in revised estimates for 2007-08.
i) The expenditure on General Public Services (inclusive of debt servicing transfer payments and superannuation allowance) is estimated at Rs 930 billion which is 62.3 percent of the current expenditure.
j) The size of Public Sector Development Programme for 2008-09 is Rs 550 billion. While for Other Development Expenditure an amount of Rs 44 billion has been allocated. The PSDP shows an increase of 20 percent over the revised estimates 2007-08.
k) The provinces have been allocated an amount of Rs. 150 billion for budget estimates 2008-09 in their PSDP.
l) An amount of Rs 27 billion has been allocated to Earthquake Reconstruction and Rehabilitation Authority (ERRA) in the PSDP 2008-09.
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