ANNUAL BUDGET STATEMENT MQMS SHADOW BUDGET

2012-13 (The format in which Federal Government presents its budget)

ECONOMIC AND FINANCE COMMITTEE OF MQM

SALIENT FEATURES The Shadow Budget 2012-2013 has the following salient features: a) The total outlay of Budget 2012-2013 is Rs. 3610 billion. The size is 30% higher than the size of budget estimates 2011-2012. b) The resources availability during 2012-2013 has been estimated as Rs. 3210 billion against Rs. 2951 billion in estimates of 20112012. c) Net Revenue Receipts for 2012-2013 have been estimated at Rs. 1425 billion indicating an increase of 18% over estimates of 2011-2012. d) The Provincial Share in Federal Revenue Receipts at Rs. 1510 billion is 25% higher than estimates of 2011-2012. e) The overall expenditure during 2012-2013 has been estimated as Rs. 2805 billion out of which the Current Expenditure is Rs. 2315 billion and Development Expenditure of Rs. 500 billion. Current Expenditure shows a decrease of 01% over the estimates for 2011-2012, whereas Development Expenditure has increased by 10% over estimates of 2011-2012. f) The share of Current Expenditure in budgetary outlay for 2012-2013 is 80% as against 81% in revised estimates for 20112012.

RECEIPTS SUMMARY Rs. in million B.E. B.E. 2011-12 201-13 3,494.000 3,446,056 2,074,182 743,600 1,330,582 657,968 195,330 321,383 141,255 2,732,150 299,977 51,610 248,367 3,032,127 413,929 287,236 125,673 164,232 151,200 13,032 3,610,288 1,203,321 2,406,967 124,882 303,524 2,835,373 2,750,000 1,255.000 1,495.000 780,000 300,000 180,000 300,000 3,530,000 220,000 ------220,000 3,750.000 85,000 85,000 ----200,000 170,000 30,000 4035,000 1,550,000 2,485,000 ------400,000 2,885,000

Object Description Code A. Shadow Federal Consolidated Fund 5+6) B. 1. Tax Revenue Receipts Direct Taxes Indirect Taxes C. 2. Non Tax Receipts Income from Property & Enterprises Receipts from Civil Administration Miscellaneous Receipts 3. Total Revenue Receipts (1+2) 4. Capital Receipts Recovery of Loans and Advances Domestic Debt Receipts (net) 5. Total Internal Receipts (3+4) 6. External Receipts Loans Grants 7. Public Accounts Receipts Net Deferred liabilities (Net) Deposited and Reserves (Net) 8. Gross Federal Resources (5+6+7) 9. Less Provincial Share in Federal Taxes 10. Net Federal Resources (8-9) 11. Cash Balance built up by Provinces 12. Credit from Banking Sector 13. Total Resources 10+11+12 Note:

The Receipts Summary is followed by details of Revenue & Capital Receipts.

STATEMENT OF REVENUE RECEIPTS Rs. in million TAX REVENUE B.E. 2011-12 a) Direct Taxes b) Indirect Taxes Total Tax Revenue (a+b) NON TAX REVENUE a) Income from property and enterprise b) Receipts from Civil Admn. (State Bank) (Others Gen. Admn) c) Misc. Receipt Total Non Tax Revenue (a+b+c) Total Revenue Receipts 195,330 200,000 121,383 141,255 657,968 2,732,000 300,000 180,000 155,000 145,000 780,000 3,530,000 744,000 1,330,000 2,074,000 PROPOSED B.E. 2012-13 1,255,000 1,495,000 2,750,000

STATEMENT OF CAPITAL RECEIPTS Rs. in million Recoveries of Loans and Advances i. Provinces ii. Others Total Domestic Debt Receipts Permanent Debt Receipts Net B.E. 2011-12 51,610 27,192 24,419 248,367 248,367 ----

220,000

STATEMENT OF EXTERNAL RECEIPTS Rs. in million B.E. 2011-12 Loans 287,236 85,000 Grants 125,673 ------Total External Receipts 413,929 85,000 STATEMENT OF PUBLIC ACCOUNTS RECEIPTS Rs. in million B.E. 2011-12 Public Accounts Net 164,232 200,000 Deferred Liabilities Net 151,200 170,000 Deposits and Reserves Net 13,032 30,000 Total Public Accounts Net 164,232 200,00

EXPENDITURE SUMMARY Function Code

01. 02. 03. 04. 05. 06. 07. 08. 09. 10. a. b. 1. c.

Description
Current Public Services Defense Affairs & Services Public Order and Safety Affairs Economic Affairs Environment Protection Housing and Community Affairs Health Recreation, Culture, Religion Education Affairs and Services Social Protection

B.E. 2011-12
1,659,978 495,215 59,609 50,307 577 1,602 2,646 4,247 39,513 1,164 2,314,859 68,557 2,383,416 273,950 176,865 97,085 178,008 354,872 451,957 ---2,835,373

Rs. in million B.E. 201-13

1,535,000 500,000 57,000 47,000 500 1,500 2,000 4,500 36,000 1,500 2,185,000 70,000 2,255,000 300,000 193,000 107,000 200,000 393,000 500,000 ----2,755,000

Current Expenditure on Reserve Accounts Current Expenditure on Capital Accounts Total Current Expenditure (a+b) Dev. Expenditure on Revenue Account (i+ii) i. Dev. Exp. On Revenue Account (PSDP) ii. Other Dev. Exp. On Revenue Accounts Dev. Expenditure on Capital Account Total Public Sector Dev. Program (i+d) Total Development Expenditure (c+d) Estimated operational shortfall in PSDP Total Expenditure 1+2+3

d.

2. 3.

4.

Breakup of Expenditure Revenue Account (a+c) Capital Account (b+d) Estimated Short fall in PSDP Total Expenditure

2,588,808 246,565 . 2,835,373

2,485,000 270,000

2,755,000

Note: The Expenditure Summary is followed by details of Current and Development Expenditure.

Function Code 01 02 03 04 05 06 07 08 09 10

CURRENT EXPENDITURE ON REVENUE ACCOUNT Rs. in million Description B.E. B.E. 2011-12 2012-13 General Public Service 1,659,978 1,535,000 Defense Affairs and Services 495,215 500,000 Public Order and Safety Affairs 59,609 57,000 Economic Affairs 50,307 47,000 Environment Protection 577 500 Housing and Community Amenities 1,602 1,500 Health 2,646 2,000 Recreation, Culture and Religion 4,247 4,500 Education Affairs and Services 39,513 36,000 Social Protection 1,164 1,500 TOTAL 2,314,859 2,185,000

CURRENT EXPENDITURE ON CAPITAL ACCOUNT Function Code Description

Repayment of Short Term Foreign Credits Transfers Economic Affairs

B.E. 2011-12
36,227 32,329 1

B.E. 201-13

TOTAL

68,557

70,000

Development Expenditure on Revenue Account(PSDP)

Function Code Description B.E. 2011-12 Rs. in million B.E. 2012-13

01. 02. 03. 04. 05. 06. 07. 08. 09. 10.

General Public Service Defense Affairs & Services Public Order and Safety Affairs Economic Affairs Housing and Community Affairs Health Recreation, Culture, Religion Education Affairs and Services Social Protection
Total

114,348 1,490 3,053 37,802 3,586 634 54 14,961 936

176,865

140,000 1,600 3,055 40,000 4,000 1,000 55 1,600 1,690

193,000

Other Development Expenditure on Revenue Accounts

Description Executive & Legislative Organs, Financial & Fiscal Affairs, External Affairs Transfers Gen. Eco. Commercial and Labour Affairs Agri. Food, Irrigation, Forestry & Fishing Total B.E. 2011-12 53,085 22,000 10,000 12,000 97,085 B.E. 2012-13 55,000 24,000 13,000 15,000 107,000

TOTAL DEVELOPMENT EXPENDITURE Description a. Public Sector Dev. Program b. Other Development Expenditure TOTAL B.E. 2011-12 354,872 97,085 451,957 B.E. 2012-13

500,000