ISLAMABAD: Following are the salient features of the budget 2016-17, announced by the Minister for Finance and Economic Affairs Senator Muhammad Ishaq Dar here on Friday.
–The total outlay of the budget 2016-17 is Rs 4,894.9 billion.
–It is 10 percent higher than the previous budget of 2015-16.
–The resources availability during 2016-17 has been estimated at Rs 4,442.0 billion against Rs 4,168.3 billion in the budget of 2015-16.
–The net revenue receipt for 2016-17 has been estimated at Rs 2,779.7 billion indicating an increase of 12.8 percent over the budget estimates of 2015-16.
–The provisional share in federal taxes is estimated at Rs 2,135.9 billion, during 2016-17, which is 15.5 percent higher than the budget estimates for 2015-16.
–The net capital receipts for 2016-17 have been estimated as Rs 453.6 billion against the budget estimates of Rs 606.3 billion in 2015-16 i.e a decline of 25.2 percent.
–The external receipts in 2016-17 are estimated at Rs 819.6 billion.
–This shows an increase of 9.1 percent over the budget estimates for 2015-16.
–The overall expenditure during 2016-17 has been estimated at Rs 4,894.9 billion out of which the current expenditure is Rs 3844.0 billion and development expenditure is Rs 1,050.9 billion.
–The share of current and development expenditure in total budgetary outlay for 2016-17 is 78.5percent and 21.5 percent respectively.
–The expenditure on general public service is estimated at Rs 2,707.2 billion which is 70.4 percent of the current expenditure.
–The development expenditure outside PSDP has been estimated at Rs 156.6 billion in the current budget.
