FEDERAL BUDGET
GOVERNMENT OF PAKISTAN
FINANCE DIVISION
ISLAMABAD
ANNUAL
BUDGET
STATEMENT
2 0 2 4 - 2 5
Finance Division
IMDAD ULLAH BOSAL
Secretary to the Government of Pakistan
Islamabad, the 12
th
June, 2024
PREFACE
Article 80(1) of the Constitution of the Islamic Republic of Pakistan requires that the Federal
Government shall, in respect of every financial year, cause to be laid before the National Assembly
a statement of estimated receipts and expenditure of the Federal Government for that year,
referred to as the Annual Budget Statement. Article 80(2) obligates that the statement shall show
separately the charged and other expenditures to be made from the Federal Consolidated Fund as
well as distinguish expenditures on revenue account from other expenditures. The statement shall
also be transmitted to the Senate as required under Article 73(1) of the Constitution.
Section 4 of the Public Finance Management Act, 2019 states that the Annual Budget Statement
shall include a statement of purpose, a statement of contingent liabilities of the Federal
Government, and a statement of fiscal risks. Further, Section 8 of the Act requires that the Federal
Government shall, in respect of every financial year, lay a statement of estimated tax expenditure
before the National Assembly. These statements are accordingly included in the Annual Budget
Statement.
Section 5 and 10 of the Fiscal Responsibility & Debt Limitation Act, 2005 require laying of a medium-
term budgetary statement and statements of responsibility before the National Assembly. These
are also included in the Annual Budget Statement.
It is added that the Explanatory Memorandum of Federal Receipts and the Demands for Grants and
Appropriations constitute the explanatory part of the Annual Budget Statement for FY2024-25.
CONTENTS
I. 1
II. 2-4
III. 55 5
IV. . 6
V. 7-10
VI. 11
VII. 12 - 14
VIII. 15
IX. 16 - 17
X. 18
XI. . 19
XII. 20 - 23
XIII.
2 24
XIV. . 25
XV.
26 - 37
XVI. 38
XVII. 39 - 41
XVIII. 42 - 44
XIX
45
XX 46 - 47
XXI ClimateBudgetStatemen ................................................................................. 48
XXII GenderBudgetStatement............................................................................ 49
XXIII DisasterBudgetStatement.................................................................................
50
XXIV Employee Related Data..........................................................................
51
XXV 52 - 53
Capital Expenditure ………………………………………………………………………
…
Public Account Expenditure ………………………………………………………………
…
Estimated Charged and Other Expenditure
Summary of Expenditure ……………………………………………………………………
…
Current Expenditure on Revenue Account ………………………………………………
…
Current Expenditure on Capital Account …………………………………………………
Development Expenditure on Revenue Account ………………………………………
…
Development Expenditure on Capital Account …………………………………………
…
PAGE
Public Account Receipts ……………………………………………………………………
…
Summary of Receipts ………………………………………………………………………
…
Revenue Receipts ………………………………………………………………………
…
External Receipts …………………………………………………………………………
…
Capital Receipts …………………………………………………………………………
Statements of Responsibility……………………………………………………….....
Demand-Wise Expenditure (Schedule-I) ………………………………………………
…
Demand for Grants and Appropriations for Expenditure (Schedule - III)..................
met from Federal Consolidated Fund ……………………………………………………
Demand for Grants and Appropriations for Expenditure 2024-25
Statement of Contingent Liabilities……………………………………………….....
Statement of Fiscal Risk………………………………………………………….......
Medium Term Budgetary Statement 2024-27……………………………….........
Statement of Estimated Tax Expenditure…………………………………………………
…
Statement of Purpose…………………………………………………………………………
…
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
A-
Revenue Receipts - Federal Consoli-
dated Fund
B 1
Tax Revenue Receipts
9,415,000 9,252,000 12,970,000
FBR Taxes
9,415,000 9,252,000 12,970,000
Direct Taxes
4,255,000 3,721,000
5,512,000
Indirect Taxes
5,160,000 5,531,000 7,458,000
C 2
Non-Tax Revenue Receipts
2,963,164 2,947,850
4,845,415
B03
Levies and Fees
29,433 20,877 24,809
C01
Income from Property and Enterprise
398,054
517,642 477,117
C02
Receipts from Civil Administration etc
1,168,492 1,015,704 2,555,738
C03
Miscellaneous Receipts
1,367,185 1,393,627 1,787,751
3
Total Revenue Receipts (1+2)
12,378,164 12,199,850 17,815,415
E 4
Capital Receipts
2,531,119 2,801,503 3,034,379
E02
Recovery of Loans and Advances
632,200 393,541 491,999
E03
Domestic Debt Receipts (Non Bank) - Net
1,898,919 2,407,962 2,542,380
5
Total Internal Receipts (3+4)
14,909,283 15,001,353 20,849,794
6
External Receipts
7,169,136
5,053,335 5,685,801
7
Total Internal and External Receipts (5+6)
22,078,419 20,054,688 26,535,595
B -
Public Account of Federation Net
Receipts
G 8
Public Account Receipts
7,210 (94,572) 120,232
Deferred Liabilities (Net)
(38,397) (160,154) 53,035
Deposit and Reserves (Net)
45,607 65,582 67,197
9
Gross Federal Resources (7+8)
22,085,629 19,960,116 26,655,828
10
Less Provincial Share in Federal
Taxes
5,399,001 5,427,000 7,438,000
11
Net Federal Resources (9-10)
16,686,628 14,533,116 19,217,828
12
Cash Balance Surplus by the Provinces
600,000 539,000 1,217,000
13
Privatization Proceeds
15,000 10,838 30,000
14
Credit from Banking Sector
2,259,769 3,335,188 3,924,002
15
Total-Resources (11+12+13+14)
19,561,397 18,418,142 24,388,830
(Rs in million)
As per Section 22 of the Public Finance Management Act, 2019, the operation of the Federal Consolidated Fund
and the Public Account of the Federation vests in the Finance Division.
Receipts. All these receipts, except Public Account Receipts become part of the the Federal Consolidated Fund.
Description
Object
Code
B01
B02
1
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
B
Tax Revenue
FBR Taxes
9,415,000 9,252,000 12,970,000
B01
i.Direct Taxes
4,255,000 3,721,000 5,512,000
B011
Taxes on Income
4,203,531 3,681,888 5,454,062
B017-18
Capital Value Tax (CVT)
925 10,573 15,662
B01501
WWF (Ordinary Collection)
15,666 11,231 16,637
B01502
WPPF(Contribution under Companies
Profit)
34,878 17,308 25,639
B02
ii.Indirect Taxes
5,160,000 5,531,000 7,458,000
Customs Duties
1,211,000 1,324,000 1,591,000
Sales Tax
3,411,000 3,607,000 4,919,000
Federal Excise
538,000 600,000 948,000
1
Total Tax Revenue (i+ii)
9,415,000 9,252,000 12,970,000
B020-22
B023
B024-25
Description
Object
Code
REVENUE RECEIPTS
Tax Revenue Receipts
Tax Revenue is administered by the Federal Board of Revenue (FBR), which comprises Customs Duty and
Inland Revenue i.e Direct Taxes, Sales Tax and Federal Excise Duty. FBR taxes may also be categorized as
Direct Taxes and Indirect Taxes. Direct Taxes comprise Income Tax, Capital Value Tax, WWF (Ordinary
Collection) and Contribution under Compnies Profit (WPPF). Indirect Taxes include Sales Tax, Federal Excise
Duty and Customs Duty. A snapshot of Budget Estimates is as under:-
Revenue Receipts constitute major component of total Federal resources. Revenue Receipts may be
categorized as Tax Revenue Receipts and Non-Tax Revenue receipts, which are largely derived from the
following sources:-
2
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
C
Non Tax Revenue
B03
a) Levies and Fees
29,433 20,877 24,809
Mobile Handset Levy 10,000 8,000 10,000
Receipts of ICT Administration 19,380 12,824 14,756
Airport Fee (CAA) 53 53 53
C01 b) Income from Property and Enterprise 398,054 517,642 477,117
Surplus Profit of PTA 1,628 2,802 1,200
PTA (License Renewal Fees) 72,597 30,941 32,612
Regulatory Authorities (Surplus Profit) 7,203 1,168 10,036
Mark up Receipts 195,201 389,737 294,353
Mark up Receipts (Provinces)
77,201 89,737 96,353
Mark up Receipts ( PSEs & Others)
118,000 300,000 198,000
Dividend 121,425 92,994 138,915
C02
c) Receipts from Civl Administratin &
Other Functions
1,168,492 1,015,704 2,555,738
General Administration Receipts 7,613 4,594 4,846
Surplus Profit of State Bank of Pakistan
1,113,000 972,183 2,500,000
Defence Services Receipts 41,256 31,189 42,427
Law and Order Receipts 2,016 2,124 1,954
Community Services Receipts 2,629 3,892 4,586
Social Services 1,977 1,723 1,925
C03
d) Miscellaneous Receipts
1,367,185 1,393,627 1,787,751
Economic Services Receipts 15,806 13,116 16,916
Foreign Grants (Budgetary Support) 25,000 6,000 15,000
Extraordinary Receipts (UNO) 58,322 37,200 46,000
Extraordinary Receipts (Others) 2,647 4,755 5,854
Nationalization, Passport and Others 59,004 59,004 75,005
Other Receipts of Attached Departts 65,405 75,662 100,516
Contd…..
Non-Tax Revenue Receipts
As per Section 2(a) of the Public Finance Management Act, 2019 (amended), Non-Tax Revenue means
revenues received by the Government in terms of clause (1) of Article 78 of the Constitution and the recurring
income of the Government from investments and provision of services but does not include those mentioned in
clause (3) of Article 160 of the Constitution. Non-Tax Revenue of the federal government is administered by
various Ministries / Divisions/ Departments. Budget Estimates are as under:-
Object
Code
C01008
C01008
C01012
C021-24
C02211
Description
C012-18
C012
C013-18
C019
C03725
C037
C038
B013-030
B03064
B03087
C025
C026
C027
C028-29
C031-35
C03601
C03897
3
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
Non-Tax Revenue
Petroleum Levy 869,000 960,000 1,281,000
Natural Gas Development Surcharge 40,000 27,169 25,618
Royalty on Crude Oil 50,000 57,917 58,654
Royalty on Natural Gas 75,000 93,567 103,751
Discount Retained on Local Crude Price 20,000 25,000 25,000
Windfall Levy against Crude Oil 35,000 28,000 28,000
Gas Infrastructure Development Cess 40,000 2,500 2,500
Petroleum Levy on LPG 12,000 3,516 3,537
Windfall Levy on Gas - 220 400
C 2
Total Non-Tax Revenue (a+b+c+d)
2,963,164 2,947,850 4,845,415
3
Total Revenue Receipts (1+2)
12,378,164 12,199,850 17,815,415
C03919
Object
Code
Description
C03901
C03902
C03905
C03906
C03910
C03915
C03916
C03917
4
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
E02
I. Recoveries of Loans and Advances
632,200 393,541 491,999
Provinces
621,700 269,493 479,999
PSEs and Others
10,500 124,048 12,000
E03
II. Total Domestic Debts Receipts (a+b)
30,796,958 26,496,897 21,592,415
E031
a) Permanent Debt Receipts
5,242,306 5,306,536 9,070,245
Pakistan Investment Bonds (Bank)
2,985,455
3,047,749 5,182,427
Pakistan Investment Bonds (Non Bank)
426,851
356,787 408,319
Premium Prize Bonds (Registered)
30,000 13,000 30,000
Ijara Sukuk Bonds
1,800,000
1,889,000 3,066,000
ICBC (Foreign Currency Denominated
Domestic Loan)
- - 383,500
E032
b) Floating Debt Receipts
25,554,653 21,190,361
12,522,169
Prize Bonds
18,653 11,361 11,169
Treasury Bills Through Auction
25,536,000
21,179,000 12,511,000
4
Capital Gross Receipts (I+II)
31,429,158 26,890,438 22,084,414
Domestic Debt Receipts (i+ii)
30,796,958
26,496,897
21,592,415
Domestic Debt Repayment (page-17)
28,898,040 24,088,935 19,050,034
Net Domestic Debt Receipts
1,898,919 2,407,962 2,542,380
5
Total Federal Internal Gross Receipts (3+4)
43,807,323 39,090,288 39,899,829
Capital receipts comprise Recoveries of Loans and Advances from Provinces and other entities and Public Debt
which includes Permanent Debt and Floating Debt. The net capital receipts so realized by the federal
government generally constitute the available resources for the financing of its Public Sector Development
Programme. Budget Estimates are as under:-
E021
E022-27
CAPITAL RECEIPTS
Object
Code
Description
5
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
6
Total External Receipts
7,169,136
5,053,335 5,685,801
External Resources comprise loans and grants received from multilateral, bilateral and other sources for
approved projects, programmes and other initiatives. Budget Estimates are as under:-
Description
6
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
i. G111
Investment Deposit Accounts (Savings
Schemes)
1,694,077 1,759,895 1,602,656
Savings Bank Accounts 681,697 675,934 663,642
Defence Savings Certificates 70,140 55,219 47,602
Special Savings Certificates (Registered)
93,952 232,751 133,803
Special Savings Accounts 169,399 54,874 31,546
Regular Income Certificate 119,002 122,867 124,336
Pension Benefit Accounts 95,491 113,903 95,979
Behbood Saving Certificates 219,356 272,543 215,683
Shuhada Welfare Account 40 55 65
Sarwa Islamic Saving & Term Accounts 200,000 98,749 170,000
Short Term Savings Certificates 45,000 133,000 120,000
Provident Fund
51,945 49,726 51,160
1,746,022 1,809,621
1,653,816
1
Gross Public Account Receipts ( i+ii )
1,746,022 1,809,621 1,653,816
Gross Public Account Expenditure (Page-
18)
1,784,419 1,969,775 1,600,781
Net Public Account Receipts
(38,397) (160,154) 53,035
New
G11112
G11113
G11126
Gross Public Account Receipts ( i+ii )
G11129
ii. G061
G11101
Object
Code
Description
G11106
G11111
PUBLIC ACCOUNT RECEIPTS
National Savings Schemes
National Savings Schemes include Savings bank accounts, Defence Savings Certificates, Special Savings
Certificates, Pension Benefit Accounts, Behbood Savings Certificates etc.
Article 78(1) of the Constitution of Islamic Republic of Pakistan provides that all revenues received by the
Federal Government, all loans raised by that Government and all moneys received by it in repayment of loan,
shall form part of the Federal Consolidated Fund. Article 78(2) provides that all other monies received by or
on behalf of the Federal Government shall be credited into the Public Account of the Federation.
Therefore, all the monies received by or on behalf of the Federal Government in terms of Article 78(2) are Public
Account receipts which are not revenues in terms of Article 78(1) of the Constitution. However, such Public
Account receipts cannot be operated without establishment of Special Purpose Funds, deposits, reserves etc
under the authority of an act of the Parliament or with the approval of the Federal Government. Moreover, as per
Section 32 of the Public Finance Management Act, 2019, special purpose funds, in which monies have been
appropriated by the National Assembly shall be established under any law or with the approval of the Federal
Government. There are two sources of Public Account Receipts as under:-
G11127
G11130
7
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
Deposits and Reserves
FGE Benevolent Funds
2,018 2,068 2,172
G06202
Civil 1,915 1,977 2,075
G06205
Pakistan Post Office Deptt. 4 4 4
G06206
Pak PWD 63 58 61
G06209
National Saving 26 23 25
G06210
Pakistan Mint 3 -
-
G06212
Geological Survey of Pakistan 7 6 7
Group Insurance Fund 501 474 497
G06401 PAK PWD 6 7 7
G06404
National Saving 6 6 6
G06405
Pakistan Mint 0.19 - -
G06407
Geological Survey of Pakistan 3 2 2
G06409
Civil 486 458 481
G07104 Fed. Govt. Empl. Group Insur. Fund PPO 1 0.4 0.4
Contd…..
Deposits and Reserves (Receipts)
G
Article 78(2) of the Constitution of Islamic Republic of Pakistan. Budget estimates of receipts in the
following table are however subject to fulfillment of following stipulations:-
(i) The funds appropriated by the National Assembly out of Federal Consolidated Funds in terms of Articles 80 to
84 of the Constitution for a particular financial year (being lapsable) shall be utilized as per Cash Management
and TSA Rules 2020 and shall not be deposited under these deposits and reserves heads of account (being
lapsable) under the Public Account.
(ii) The maintenance and operation of all these funds, deposits, reserves etc shall be subject to their due
establishment either under the authority of an act of Parliament or with the approval of the Federal Government,
as the case may be.
(iii) Revenues in terms of Article 78(1) of the Constitution shall not be deposited in these deposits and reserves
heads of account under the Public Account. The revenues shall only be deposited in the respective heads of
account of tax revenue and non tax revenue.
(iv) Receipt of funds into these deposits and reserves heads of account shall only be allowed by the Accounting
Offices subject to compliance of the stipulations at (i) to (iii) above and to the extent of reconciled available
Object
Code
Description
8
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
G
Deposits and Reserves
Defence 7,856 11,303 11,868
G06203
F,G Employees Benevolent Fund (Defence) 4,310 4,273 4,486
G06410
Group Insurance Fund (Defence)
227 1,212 1,273
G11224
Deposits Accounts with Defence
3,319 5,818 6,109
Federal Pension Fund 10,000 0 10,000
G12803
Federal Pension Fund Receipts 10,000 - 10,000
Pakistan Post Office Department - - -
G07101
Post Office Renewal Reserve Fund - -
-
G07102
Post Office Welfare Fund - -
-
Pak PWD
85,756 70,592 74,122
G10101
Pak PWD Receipts & Collection Account 938 457 480
G10113
Pak PWD Deposits 84,817 70,135 73,642
Arts
1,000 - -
Film Finance Fund 1,000 - -
G
Deposits and Reserves 79,938 104,679 104,255
Miscellaneous Funds
G06304
Workers Welfare Fund 32,336 45,000 40,000
G06315
Judicial Officers Welfare Fund 4 3 3
G12140
PM Flood relief Fund 2010 0.13 0.02 0.03
G12150
PM Relief Fund for IDPs 2014 1,886 142 150
G12157
PM COVID-19 Pandemic relief Fund 2020 361 2 2
G12164
PM's Relief Fund Flood, Earthquake Other
Cal.
10,530 179 188
G12166
PM's Relief Fund for Turkiye & Syria
Earthquake
1,134 3 3
G12205
Pakistan Minorities Welfare Fund 0.34 -
-
G12206
Special Fund for Welfare & Uplift of
Minorities
0.33 -
-
G12226
Federal Govt. Artists Welfare Fund
(Heritage)
- 176
185
G12305
Export Development Fund 16,703 23,582 24,761
G12308
Reserve Fund for Exch. Risk on Foreign
Loans
5,529 24,665 25,898
G12412
Pakistan Oil Seed Development Fund 249 150 158
Contd…..
Object
Code
Description
9
Budget Revised Budget
Estimates
Estimates Estimates
2023-24 2023-24 2024-25
G
Deposits and Reserves
G12419
Research and Development Fund 2,349 1,789 1,879
G12421
SCP Diamer Basha and Mohmand Dam
Fund
8 -
-
G12504
Workers Children Education Fund 0.28 0.18 0.18
G12612
Fund for Urdu Science Board 1 2 2
G12712
Trust Interest Fund(Charitable Endowment) 4 5 5
G12738
National Fund for Control of Drug Abuse 14 2 2
G12783
Universal Service Fund 7,200 5,357 5,625
Miscellaneous Deposit and Reserve
Accounts
G10104
Mint Receipt and Collection Account 60 3,595 3,774
G14100 Pakistan Mint 1,570 26 1,620
2 Gross Receipts (Deposits and Reserves) 187,069 189,116 202,914
Exp. Deposit and Reserves (page-23) 141,462 123,533
135,717
Net Deposit and Reserves Receipts 45,607 65,582 67,197
3
Gross Receipts (1+2) 1,933,091 1,998,737 1,856,730
Gross Expenditure (page-23) 1,925,881 2,093,308 1,736,498
7 PUBLIC ACCOUNT NET RECEIPTS 7,210 (94,572) 120,232
Object
Code
Description
10
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
Current Expenditure
a. Current Exp. on Revenue Account
13,344,395 14,334,431 17,203,391
01 General Public Services 10,444,266 11,340,902 13,640,239
02 Defence Affairs and Services 1,809,467 1,840,841 2,128,781
03 Public Order and Safety Affairs 237,215 253,498 283,051
04 Economic Affairs 210,835 261,642 357,735
05 Environment Protection 1,226 1,142 7,252
06 Housing and Community Amenities 22,986 6,414 27,917
07 Health 24,210 27,789 28,171
08 Recreation, Culture and Religion 16,782 18,252 18,466
09 Education Affairs and Services 97,098 103,684 103,781
10 Social Protection 480,309 480,267 607,997
b. Current Exp. on Capital Account
4,608,359 2,593,698 5,168,439
011 Foreign Loans Repayment 4,398,068 2,382,222 4,989,963
011
Repayment of Short Term Foreign Credits
46,690 47,875 29,500
014 Transfers 163,601 163,601 148,976
1
Total Current Expenditure (a + b)
17,952,753 16,928,129 22,371,830
Development Expenditure
c. Dev. Exp. on Revenue Account
632,350 488,646 952,558
d. Dev. Exp. on Capital Account
976,294 1,001,368 1,064,442
2
Total Development Expenditure (c+d)
1,608,644 1,490,013 2,017,000
Grand Total - Expenditure (1+2)
19,561,397 18,418,142 24,388,830
3
Break-up of Expenditure
Revenue Account (a+c)
13,976,745 14,823,076 18,155,949
Capital Account (b+d)
5,584,653 3,595,066 6,232,881
Total Expenditure:
19,561,397 18,418,142 24,388,830
Estimates of Development expenditure (on revenue and capital accounts) have been mentioned as per Article
Function
Code
Description
11
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
01
General Public Service
10,444,266 11,340,902 13,640,239
011
Executive & Legislative Organs, Financial
& Fiscal Affairs, External Affairs
9,225,234 9,858,741 12,070,465
Debt Servicing
7,302,524 8,286,539 9,775,000
Servicing of Foreign Debt
872,219 1,039,833 1,038,602
Servicing of Domestic Debt
6,430,305 7,246,706 8,736,398
Superannuation Allowances & Pensions
801,000 801,000 1,014,000
Others (Details are in "Demands for Grants"
books.)
1,121,711 771,202 1,281,465
012
Foreign Economic Aid
4,399 4,399 9,032
014
Transfers
1,133,905 1,356,691 1,456,094
Provinces 216,300 215,876 287,000
Others (Details are in "Budget in Brief" book.)
917,605 1,140,814 1,169,094
015
General Services
23,328 30,800 31,712
016
Basic Research 8,784 8,444 10,035
017
Research & Dev. General Public Services
24,716 25,168 28,261
018
Admn. of General Public Service
7,786 39,404 9,635
019
Gen. Public Services not elsewhere defined
16,113 17,255 25,005
02
Defence Affairs and Services
1,809,467 1,840,841 2,128,781
021
Defence Services
1,804,000 1,835,528 2,122,000
A01
Employees Related Expenses
705,054 716,142 815,186
A03
Operating Expenses
442,232 451,332 513,328
A09
Physical Assets
461,195 464,078 548,612
A12
Civil Works
195,520 203,976 244,874
025
Defence Administration
5,467 5,312 6,781
03
Public Order and Safety Affairs
237,215 253,498 283,051
031
Law Courts
11,708 11,325 13,601
032
Police & Civil Armed Forces
214,055 234,890 255,305
033
Fire Protection
338 381 491
034
Prison Administration and Operation
50 64 108
035
R&D Public Order and Safety 60 65 70
036
Administration of Public Order 11,004 6,773 13,477
Function
Code
Description
12
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
04
Economic Affairs
210,835 261,642 357,735
041
Gen. Eco., Commercial & Labour Affairs
53,038 87,180 204,400
042
Agri., Food, Irrigation, Forestry & Fisheries
32,704 39,426 24,661
043
Fuel and Energy
51,943 51,851 19,650
044
Mining and Manufacturing
2,884 3,089 9,503
045
Construction and Transport
40,513 40,265 45,877
046
Communications
26,811 37,153 51,510
047
Other Industries
1,741 1,893 1,347
048
Research & Development Economic Affairs
1,200 786 785
05
Environment Protection
1,226 1,142 7,252
053
Pollution Abatement
200 200 6,290
054
Research & Development Environment
300 220 -
055
Administration of Environment Protection
726 722 962
06
Housing and Community Amenities
22,986 6,414 27,917
061
Housing Development
1,001 536 1,564
062
Community Development
21,985 5,878 26,353
07
Health
24,210 27,789 28,171
071
Medical Products, Appliances and
Equipments
32 71 32
073
Hospital Services
16,567 20,069 21,683
074
Public Health Services
3,110 4,618 1,110
076
Health Administration
4,501 3,031 5,346
Function
Code
Description
13
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
08
Recreation, Culture and Religion
16,782 18,252 18,466
081
Recreational and Sporting Services
200 200 400
082
Cultural Services
1,433 1,544 1,244
083
Broadcasting and Publishing
11,120 13,701 12,404
084
Religious Affairs
1,780 1,782 1,861
086
Admn. of Information, Recreation & Culture
2,249 1,024 2,556
09
Education Affairs and Services
97,098 103,684 103,781
091
Pre-Primary and Primary Education Affairs
and Services
4,468 5,128 5,224
092
Secondary Education Affairs and Services
10,778 12,298 12,624
093
Tertiary Education Affairs and Services
76,589 81,998 79,312
094
Education Services Not definable by Level
180 49 726
095
Subsidiary Services to Education
346 359 273
096
Administration
3,698 2,844 4,497
097
Education Affairs & Services not Elsewhere
Classified
1,040 1,008 1,124
10
Social Protection
480,309 480,267 607,997
107
Administration
2,892 2,963 3,532
108
Others
2,127 2,270 1,449
109
Social Protection (Not elsewhere classified)
475,289 475,033 603,017
a.Current Expenditure on Revenue
Account
13,344,395 14,334,431 17,203,391
Revised Estimates 2023-24 are as of 24th May, 2024 based on SAP System
Function
Code
Description
14
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
01
General Public Service
4,608,359 2,593,699 5,168,439
011 Foreign Loan Repayment 4,398,068 2,382,222 4,989,963
011
Repayment of Short Term Foreign Credits
46,690 47,875 29,500
014 Transfers 163,601 163,601 148,976
Federal Misc. Investments and Other Loans
and Advances by the Fed. Govt.
163,601 163,601 148,976
b. Current Expenditure on Capital
Account
4,608,359 2,593,699 5,168,439
I. Total Current Expenditure (a+b)
17,952,753 16,928,129 22,371,830
Function
Code
Description
15
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
01
General Public Service
308,471 261,410 496,471
011
Executive & Legislative Organs, Financial &
Fiscal Affairs, External Affairs
6,382 8,072 23,250
014
Transfers
254,750 233,221 377,066
015
General Services
24,898 8,985 60,927
016
Basic Research
15,963 9,349 34,407
017
Research & Dev. General Public Services
341 346 321
019
General Public Services not elsewhere
defined
6,136 1,437 500
02
Defence Affairs and Services
3,467 3,053 6,573
021
Military Defence
1,343 1,524 2,068
024
R & D Defence
124 164 330
025
Defence Administration
2,000 1,365 4,176
03
Public Order and Safety Affairs
3,928 2,621 3,007
031
Law Courts
1,400 961 1,230
032
Police and Civil Armed Forces
1,736 1,547 1,673
036
Administration of Public Order
792 113 104
04
Economic Affairs
183,399 141,662 305,820
041
Gen. Eco. Commercial and Labour Affairs
1,297 331 5,784
042
Agri., Food, Irrigation, Forestry & Fisheries
133,761 101,361 204,988
043
Fuel and Energy
6,199 8,805 32,124
044
Mining and Manufacturing
1,115 114 1,658
045
Construction and Transport
39,144 28,276 58,735
046
Communications
1,807 2,754 1,042
047 Other Industries 22 22
-
048
Research & Development Economic Affairs
55 - 1,488
05
Environment Protection
4,050 2,750 6,257
055 Administration of Environment Protection 4,050 2,750 6,257
06
Housing and Community Amenities
6,504 4,288 7,057
062
Community Development
5,894 4,271 7,005
063
Water Supply
610 17 52
Function
Code
Description
16
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
07
Health
13,270 13,254 28,185
073 Hospital Services 6,906 7,104 14,596
074
Public Health Services
3,424 3,173 11,846
076
Health Administration
2,941 2,977 1,743
08
Recreation, Culture and Religion
7,881 4,501 4,725
081
Recreation and Sporting Services
6,900 3,520 3,650
082 Cultural Services - - -
083
Broadcasting and Publishing
981 981 1,075
09
Education Affairs and Services
82,391 54,542 87,869
091
Pre-Primary & Primary Edu. Affairs &
Services
-
-
-
092
Secondary Edu. Affairs & Services
-
-
-
093
Tertiary Edu. Affairs & Services
73,850 51,041 78,676
095
Subsidiary Services to Education
1,196 953 643
097
Education Affairs & Services not Elsewhere
Classified
7,345 2,548 8,550
10
Social Protection
18,989 564 6,594
107
Administration
18,467 49 6,594
108 Others 23 15
-
109
Social Protection (Not elsewhere classified)
500 500
-
c. Dev. Exp. on Revenue Account
632,350 488,646 952,558
Function
Code
Description
17
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
01
General Public Service
916,068 908,095 1,022,209
014
Transfers
889,818 885,265 996,952
017
Research and Dev. General Public
Services
04
Economic Affairs
59,954 93,000 41,984
041
Gen. Eco., Commercial and Labour Affairs
598 264 671
043
Fuel and Energy 902 1,860 2,555
044 Mining and Manufacturing 13,000 1,923 4,919
045
Construction and Transport 43,395 86,866 33,839
046
Communications 2,058 2,087 -
06
Housing And Community Amenities
272 272
-
063
Water Supply
272 272
-
08
Recreation, Culture and Religion
- -
250
083
Broadcasting and Publishing
- -
250
d. Dev. Expenditure on Capital
Account
976,294 1,001,368 1,064,442
II.Total Development Expenditure (c+d)
1,608,644 1,490,013 2,017,000
III.Total Exp. (Current+Development)
19,561,397 18,418,142 24,388,830
Function
Code
Description
22,830 25,256
26,250
18
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
A101
i.Domestic Permanent Debt
3,542,996 3,460,468 6,530,041
Pakistan Investment Bonds (Bank)
2,985,455 3,047,749 5,182,427
Pakistan Investment Bonds (Non Bank)
182,049 119,755 203,632
Foreign Exchange Bearer Certificates
5 0.5 5
Foreign Currency Bearer Certificates
5 1 5
US Dollar Bearer Certificates
3 0.1 3
Special US Dollar Bonds
50 40 50
Premium Prize Bonds (Registered)
5,000 14,000 5,000
Ijara Sukuk Bond
368,430 274,698 752,531
Pakistan Banao Certificate (3-years)
694 588 -
Pakistan Banao Certificate (5-years) 651 2,882 2,888
Foreign Assets (D and R) Act, 2018
(FADRA)
654 754 -
Special Drawing Rights Debt (SDRs)
- - -
Principal Repayment of Foreign Currency
Denomated - Domestic Debt
- - 383,500
A104
ii.Floating Debt
25,355,043 20,628,467 12,519,993
Prize Bonds
8,043 9,013 8,993
Treasury Bills Through Auction 25,347,000 20,619,453 12,511,000
Bai-Maujjal Ijara Sukuk Bonds
- - -
A10 IV.
Total Public Debt Repayment (i+ii)
28,898,040 24,088,935
19,050,034
V.
Total - Federal Consolidated Fund
Disbursement (III+IV)
48,459,437 42,507,077 43,438,864
Object Code Description
19
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
i. G111
Investment Deposit Accounts
(Savings Schemes)
1,707,209 1,887,250 1,522,901
G11101
Savings Bank Accounts
669,937 669,514 644,376
G11103
Khas Deposit Accounts
5 5 5
G11104
Mahana Amadni Accounts
130 110 100
G11106
Defence Savings Certificates
96,171 88,679 78,275
G11108
National Deposit Certificates
1 1 1
G11109
Khaas Deposit Certificates
1 1 1
G11111
Special Savings Certificates (Registered)
134,039 275,068 149,480
G11112
Special Savings Accounts
185,939 64,851 35,242
G11113
Regular Income Certificate
274,689 337,606 203,987
G11126
Pensionery Benefits
71,910 79,663 70,152
G11127
Behbood Saving Certificate
214,368 226,982 191,257
G11130
Shauhda Welfare Account
20 20 25
Sarwa Islamic Saving & Term Accounts
40,000 32,749 40,000
Short Term Savings Certificates (STSC)
20,000 112,000 110,000
ii. G061
Provident Fund
77,210 82,525 77,880
1
Total Expenditure ( i+ii )
1,784,419
1,969,775 1,600,781
New
Object
Code
Description
PUBLIC ACCOUNT EXPENDITURE
20
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
G
Deposits and Reserves
FGE Benevolent Funds
1,418 2,049 2,151
G06202
Civil 1,328 1,962 2,060
G06205
Pakistan Post Office Deptt. - - -
G06206
Pak PWD 57 59 61
G06209 National Saving 25 23 24
G06210
Pakistan Mint 3 - -
G06212
Geological Survey of Pakistan 6 5 6
Group Insurance Fund 429 535 561
G06401 PAK PWD 5 7 7
G06404 National Saving 6 6 6
G06405 Pakistan Mint 0.2 -
-
G06407 Geological Survey of Pakistan 2 2 2
G06409
Civil 415 520 546
G07104
Fed. Govt. Empl. Group Insur. Fund PPO - - -
Object
Code
Description
78(2) of the Constitution of Islamic Republic of Pakistan. Budget estimates of Expenditure (withdrawal of funds)
from the Deposits and Reserves as depicted in the following table are however subject to fulfillment of following
stipulations:-
(i) The maintenance and operation of all these funds, deposits, reserves etc shall be subject to their due
establishment either under the authority of an act of Parliament or with the approval of the Federal Government,
as the case may be.
(ii) Withdrawal of funds from these deposits and reserves heads of account shall only be allowed by the
Accounting Offices subject to compliance of the stipulations at (i) above and to the extent of reconciled available
balance under the respective head of account.
(iii) There shall be no authority of directed access to Central Account No.1 (Non Food) in SBP.
(iv) Withdrawal of funds from these Deposits and Reserves head of accounts shall be in accordance with the
provisions of Public Finance Management Act, 2019, Cash Management and Treasury Single Account Rules
2020 and the Special Assignment Account Procedure for the Public Account of the Federation 2021. Personal
Ledger Accounts shall not be used for withdrawal of funds.
21
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
G
Deposits and Reserves
Defence 6,485 9,427 9,898
G06203
FG Employees Benevolent Fund (Defence) 3,393 3,774 3,962
G06410
Group Insurance Fund (Defence) 168 1,176 1,235
G11224
Deposits Accounts with Defence 2,925 4,477 4,701
Federal Pension Fund 10,000 0 10,000
G12803 Federal Pension Fund 10,000 - 10,000
Pakistan Post Office Department 25 0.04 0.04
G07101
Post Office Renewal Reserve Fund 25 - -
G07102 Post Office Welfare Fund - 0.04
0.04
Pak PWD 57,354 52,426 55,047
G10101 Pak PWD Receipts & Collection Account 866 822 863
G10113 Pak PWD Deposits 56,488 51,604 54,184
Arts
1,000 - 0
Film Finance Fund
1,000 - -
G
Deposits and Reserves 64,751 59,097 58,059
Miscellaneous Funds
G06304 Workers Welfare Fund 16,117 29,155 25,000
G06315 Judicial Officers Welfare Fund 0.1 0.3
0.3
G12140 PM Flood relief Fund 2010 258 0.01
0.01
G12150
PM Relief Fund for IDPs 2014 1,886 142 150
G12157
PM COVID-19 Pandemic relief Fund 2020 2 -
-
G12164
PM's Relief Fund Flood, Earthquake Other
Cal.
8,986 1,096 1,150
G12166
PM's Relief Fund for Turkiye & Syria
Earthquake
490 805 845
G12205
Pakistan Minorities Welfare Fund - - -
G12206
Special Fund for Welfare & Uplift of
Minorities
- - -
G12226
Federal Govt. Artists Welfare Fund
(Heritage)
13 97 102
G12305
Export Development Fund 7,044 6,538 6,865
Object
Code
Description
22
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
G12308
Reserve Fund for Exch. Risk on Foreign
Loans
0.40 - -
G12412
Pakistan Oil Seed Development Fund 80 -
-
G12419
Reserch & Development Fund 3,530 7,226 7,587
G12421
SCP Diamer Bhasha and Mohmand Dam
Fund
- - -
G12504
Workers Children Education Fund 0.08 0.01
0.01
G12612
Fund for Urdu Science Board 1 4 4
G12712
Trust Interest Fund(Charitable Endowment) - 0.03
0.03
G12738
National Fund for Control of Drug Abuse - - -
G12783
Universal Service Fund 24,775 10,445 10,967
G
Deposits and Reserves
Miscellaneous Deposits and Reserves
Accounts
G10104
Mint Receipt and Collection Account - 3,589
3,768
G14100
Pakistan Mint 1,570 - 1,620
2
Total Deposits and Reserves 141,462 123,533 135,717
3
Total Public Account Expenditure (1+2) 1,925,881 2,093,308 1,736,498
Object
Code
Description
23
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
I.
Expenditure on Revenue Account
13,976,745 14,823,076 18,155,949
Current
13,344,395 14,334,431 17,203,391
Development
632,350 488,646 952,558
Total-Authorized Expenditure
13,976,745 14,823,076 18,155,949
Charged 7,365,262 8,380,310 9,869,074
Voted
6,611,483 6,442,767 8,286,874
II.
Expenditure on Capital Account
34,482,692 27,684,000 25,282,916
Current
33,506,398 26,682,633 24,218,474
Development
976,294 1,001,368 1,064,442
Total Authorized Expenditure
34,482,692 27,684,000 25,282,916
Charged 34,001,431 26,993,354 24,686,493
Voted
481,261 690,646 596,423
III.
Total Expenditure met from Federal
Consolidated Fund
48,459,437 42,507,076 43,438,864
Current Expenditure
46,850,793 41,017,063 41,421,864
Development Expenditure
1,608,644 1,490,013 2,017,000
IV.
Total-Authorized Expenditure
48,459,437 42,507,076 43,438,864
Charged - Total 41,366,693 35,373,664 34,555,567
Voted - Total
7,092,744 7,133,412 8,883,297
Object
Code
Description
expenditure.
STATEMENT OF ESTIMATED CHARGED
AND VOTED EXPENDITURE
24
Statement of Purpose
This statement is being provided in compliance with section 4 of the Public Finance
Management Act, 2019. Based on the policy priorities of the Federal Government, the
“demands for grants” cater towards debt servicing of domestic and foreign loans and
advances, for expenditures to be incurred on re-current and development activities to
re-vitalize sustainable economic growth. Health, education, climate, gender and social
sector development are key focused areas for the government.
The FederalGovernment is steadfast in its commitment to provide relief measures
aimed at alleviating the burdens faced by the populace, especially those in the low-
income strata of society. Through targeted interventions such as social safety programs
and subsidies on essential commodities, including food items and electricity, the
government seeks to mitigate the adverse impacts of economic challenges on
vulnerable segments of the population.Moreover, recognizing the imperative of
stimulating economic activity and fostering employment opportunities, the government
will extend support to Information Technology and industrial sector particularly the
small medium enterprises. While, stimulating the economic growth through these
interventions, government's focus is also to promote green economy.
Imdad Ullah Bosal
Secretary to the Government of Pakistan
Finance Division
Islamabad, 12
th
June, 2024
25
Charged Voted Total
1 AVIATION DIVISION
4,485 4,485
2 AIRPORTS SECURITY FORCE
14,383 14,383
3 CABINET
352 352
4 CABINET DIVISION
3,334 3,334
5
EMERGENCY RELIEF AND
REPATRIATION
889 889
6 INTELLIGENCE BUREAU
18,325 18,325
7 ATOMIC ENERGY
19,266 19,266
8
PAKISTAN NUCLEAR
REGULATORY AUTHORITY
1,862 1,862
9
NAYA PAKISTAN HOUSING
DEVELOPMENT AUTHORITY
1,564 1,564
10
PRIME MINISTER'S OFFICE
(INTERNAL)
794 794
11
PRIME MINISTER'S OFFICE
(PUBLIC)
861 861
12
NATIONAL DISASTER
MANAGEMENT AUTHORITY
823 823
13 BOARD OF INVESTMENT
1,272 1,272
14
PRIME MINISTER'S
INSPECTION COMMISSION
147 147
15
SPECIAL TECHNOLOGY ZONE
AUTHORITY
750 750
16 ESTABLISHMENT DIVISION
9,669 9,669
17
FEDERAL PUBLIC SERVICE
COMMISSION
1,338 1,338
Demand-Wise Expenditure for Budget Estimates 2024-25
(Rs. in million)
Demand
No.
Ministries / Divisions
Budget Estimates 2024-25
26
18
NATIONAL SCHOOL OF PUBLIC
POLICY
3,369 3,369
19 CIVIL SERVICES ACADEMY
1,725 1,725
20 NATIONAL SECURITY DIVISION
231 231
21
COUNCIL OF COMMON
INTEREST (SECRETARIAT)
103 103
22
CLIMATE CHANGE AND
ENVIROMENTAL COORDINATION
DIVISION
1,010 1,010
23 COMMERCE DIVISION
20,530 20,530
24 COMMUNICATIONS DIVISION
303 303
25
OTHER EXPENDITURE OF
COMMUNICATIONS DIVISION
33,714 33,714
26
PAKISTAN POST OFFICE
DEPARTMENT
5
23,469 23,474
27 DEFENCE DIVISION
7,865 7,865
28
FEDERAL GOVERNMENT
EDUCATIONAL INSTITUTIONS
IN CANTONMENTS AND
GARRISONS
14,319 14,319
Contd…...
27
Charged Voted Total
29 DEFENCE SERVICES
2,122,000 2,122,000
30
DEFENCE PRODUCTION
DIVISION
1,095 1,095
31 ECONOMIC AFFAIRS DIVISION
905 905
32
MISCELLANEOUS
EXPENDITURE OF ECONOMIC
AFFAIRS DIVISION
29,775 29,775
33 POWER DIVISION
681,754 681,754
34 PETROLEUM DIVISION
19,304 19,304
35
GEOLOGICAL SURVEY OF
PAKISTAN
1,103 1,103
36
FEDERAL EDUCATION AND
PROFESSIONAL TRAINING
DIVISION
39,337 39,337
37
HIGHER EDUCATION
COMMISSION (HEC)
66,331 66,331
38
NATIONAL REHMATUL -LIL-
ALAMEEN WA KHATAMUN
NABIYYIN AUTHORITY
102 102
39
NATIONAL VOCATIONAL &
TECHNICAL TRAINING
COMMISSION (NAVTTC)
716 716
40
NATIONAL HERITAGE AND
CULTURE DIVISION
2,295 2,295
41 FINANCE DIVISION
4,392 4,392
42
OTHER EXPENDITURE OF
FINANCE DIVISION
7,076 7,076
43
CONTROLLER GENERAL OF
ACCOUNTS
13,268 13,268
(Rs. in million)
Demand
No.
Ministries / Divisions
Budget Estimates 2024-25
28
44
SUPERANNUATION
ALLOWANCES AND PENSIONS
5,188 1,008,812 1,014,000
45
GRANTS SUBSIDIES AND
MISCELLLANEOUS
47,000 1,815,567 1,862,567
46 REVENUE DIVISION
109 109
47
FEDERAL BOARD OF
REVENUE
52,231 52,231
48 FOREIGN AFFAIRS DIVISION
4,316 4,316
49 FOREIGN MISSIONS
50 47,547 47,597
50
HOUSING AND WORKS
DIVISION
8,552 8,552
51 HUMAN RIGHTS DIVISION
1,159 1,159
52
NATIONAL COMMISSION FOR
HUMAN RIGHTS
184 184
53
NATIONAL COMMISSION ON
THE RIGHTS OF CHILD
81 81
54
NATIONAL COMMISSION ON
THE STATUS OF WOMEN
118 118
55
INDUSTRIES AND
PRODUCTION DIVISION
75,931 75,931
56
INFORMATION AND
BROADCASTING DIVISION
5,327 5,327
Contd…...
29
Charged Voted Total
57
MISCELLANEOUS
EXPENDITURE OF
INFORMATION AND
BROADCASTING DIVISION
11,518
11,518
58
INFORMATION TECHNOLOGY
AND TELECOMMUICATION
DIVISION
40,127
40,127
59 INTERIOR DIVISION
15,362
15,362
60
OTHER EXPENDITURE OF
INTERIOR DIVISION
10,778
10,778
61
ISLAMABAD CAPITAL
TERRITORY (ICT)
20,412
20,412
62
COMBINED CIVIL ARMED
FORCES
232,372
232,372
63
NATIONAL COUNTER
TERRORISM AUTHORITY
1,015
1,015
64
INTER-PROVINCIAL
COORDINATION DIVISION
2,451
2,451
65
KASHMIR AFFAIRS AND GILGIT
BALTISTAN DIVISION
1,519
1,519
66 LAW AND JUSTICE DIVISION
388 8,273
8,662
67 FEDERAL JUDICIAL ACADEMY
325
325
68 FEDERAL SHARIAT COURT
928
928
69
COUNCIL OF ISLAMIC
IDEOLOGY
237
237
70
NATIONAL ACCOUNTABILITY
BUREAU
7,110
7,110
71
DISTRICT JUDICIARY,
ISLAMABAD CAPITAL
TERRITORY
1,368
1,368
(
Rs. in million)
Budget Estimates 2024-25
Demand
No.
Ministries / Divisions
30
72 MARITIME AFFAIRS DIVISION
2,150
2,150
73
NARCOTICS CONTROL
DIVISION
7,604
7,604
74 NATIONAL ASSEMBLY
7,293 5,444
12,737
75 THE SENATE
5,178 2,064
7,242
76
NATIONAL FOOD SECURITY
AND RESEARCH DIVISION
14,786
14,786
77
PAKISTAN AGRICULTURAL
RESEARCH COUNCIL
6,410
6,410
78
NATIONAL HEALTH SERVICES,
REGULATIONS AND
COORDINATION DIVISION
27,868
27,868
79
OVERSEAS PAKISTANIS AND
HUMAN RESOURCE
DEVELOPMENT DIVISION
3,885
3,885
80
PARLIAMENTARY AFFAIRS
DIVISION
795
795
81
PLANNING, DEVELOPMENT
AND SPECIAL INITIATIVES
DIVISION
9,437
9,437
82
POVERTY ALLEVIATION AND
SOCIAL SAFETY DIVISION
5,179
5,179
83
BENAZIR INCOME SUPPORT
PROGRAME (BISP)
598,718 598,718
Contd…...
31
Charged Voted Total
84 PAKISTAN BAIT-UL-MAL
14,009 14,009
85 PRIVATIZATION DIVISION
356 356
86 RAILWAYS DIVISION
64,439 64,439
87
RELIGIOUS AFFAIRS AND
INTER-FAITH HARMONY
DIVISION
1,956 1,956
88
SCIENCE AND TECHNOLOGY
DIVISION
14,411 14,411
89
STATES AND FRONTIER
REGIONS DIVISION
978 978
90 WATER RESOURCES DIVISION
3,886 3,886
91
FEDERAL MISCELLANEOUS
INVESTMENTS & OTHER
LOANS AND ADVANCES
148,976 148,976
92
DEVELOPMENT EXPENDITURE
OF AVIATION DIVISION
7,303 7,303
93
DEVELOPMENT EXPENDITURE
OF CABINET DIVISION
75,272 75,272
94
DEVELOPMENT EXPENDITURE
OF BOARD OF INVESTMENT
1,658 1,658
95
DEVELOPMENT EXPENDITURE
OF SPECIAL TECHNOLOGY
ZONES AUTHORITY
501 501
96
DEVELOPMENT EXPENDITURE
OF ESTABLISHMENT DIVISION
921 921
97
DEVELOPMENT EXPENDITURE
OF SUPARCO
36,604 36,604
Demand
No.
Ministries / Divisions
Budget Estimates 2024-25
(Rs. in million)
32
98
DEVELOPMENT EXP OF
CLIMATE CHANGE AND ENV.
COORDINATION DIVISION
6,257 6,257
99
DEVELOPMENT EXPENDITURE
OF COMMERCE DIVISION
2,205 2,205
100
DEVELOPMENT EXPENDITURE
COMMUNICATION DIVISION
7,828 7,828
101
DEVELOPMENT EXPENDITURE
OF DEFENCE DIVISION
5,636 5,636
102
DEVELOPMENT EXPENDITURE
OF DEFENCE PRODUCTION
DIVISION
3,776 3,776
103
DEVELOPMENT EXPENDITURE
OF POWER DIVISION
22,605 22,605
104
DEVELOPMENT EXPENDITURE
OF FEDERAL EDUCATION &
PR. TR. DIVISION
19,334 19,334
Contd…...
33
Charged Voted Total
105
DEVELOPMENT EXPENDITURE
OF HIGHER EDUCATION
COMMISSION
66,315 66,315
106
DEVELOPMENT EXPENDITURE
OF NATIONAL VOCATIONAL &
TECHICAL TRAINING
COMMISSION (NAVTTC)
6,417 6,417
107
DEVELOPMENT EXPENDITURE
OF NATIONAL HERITAGE &
CULTURE DIVISION
1,015 1,015
108
DEVELOPMENT EXPENDITURE
OF FINANCE DIVISION
6,084 6,084
109
OTHER DEVELOPMENT
EXPENDITURE
220,456 220,456
110
DEVELOPMENT EXPENDITURE
OF REVENUE DIVISION
17,696 17,696
111
DEVELOPMENT EXPENDITURE
OF HUMAN RIGHTS DIVISION
104 104
112
DEVELOPMENT EXPENDITURE
OF INFORMATION &
BROADCASTING DIVISION
1,075 1,075
113
DEVELOPMENT EXPENDITURE
INFORMATION TECHNOLOGY
& TELECOMMUNICATION
DIVISION
28,929 28,929
114
DEVELOPMENT EXPENDITURE
OF INTERIOR DIVISION
9,070 9,070
(Rs. in million)
Demand
No.
Ministries / Divisions
Budget Estimates 2024-25
34
115
DEVELOPMENT EXPENDITURE
OF INTERPROVINCIAL
COORDINATION DIVISION
3,650 3,650
116
DEVELOPMENT EXPENDITURE
OF LAW & JUSTICE DIVISION
1,230 1,230
117
DEVELOPMENT EXPENDITURE
OF NORCOTICS CONTROL
DIVISION
170 170
118
DEVELOPMENT EXPENDITURE
OF NATIONAL FOOD SECURITY
AND RESEARCH DIVISION
41,250 41,250
119
DEVELOPMENT EXPENDITURE
OF NATIONAL HEALTH
SERVICES, REGULATION AND
COORD. DIVISION
27,000 27,000
120
DEVELOPMENT EXPENDITURE
OF PLANNING, DEVELOPMENT
AND SPECIAL INITIATIVES
DIVISION
64,015 64,015
Contd…...
35
Charged Voted Total
121
D
EVELOPMENT EXPENDITURE
OF SCIENCE & TECHNOLOGY
DIVISION
7,150 7,150
122
DEVELOPMENT EXPENIDTURE
OF STATES AND FRONTIER
REGIONS DIVISION
1,434 1,434
123
DEVELOPMENT EXPENDITURE
OF WATER RESOURCES
DIVISION
259,598 259,598
124
CAPITAL OUTLAY ON
DEVELOPMENT OF ATOMIC
ENERGY
25,000 25,000
125
CAPITAL OUTLAY ON
DEVELOPMENT OF PAKISTAN
NUCLEAR REGULATORY
AUTHORITY
256 256
126
CAPITAL OUTLAY ON PETROLEUM
DIVISION
3,226 3,226
127
CAPITAL OUTLAY ON FEDERAL
INVESTMENTS
324 324
128
DEVELOPMENT LOANS AND
ADVANCES BY THE FEDERAL
GOVERNMENT
206,911 206,911
129
EXTERNAL DEVELOPMENT
LOANS AND ADVANCES BY
THE FEDERAL GOVERNMENT
617,000 128,318
745,318
130
CAPITAL OUTLAY ON CIVIL
WORKS
28,188 28,188
131
CAPITAL OUTLAY ON
INDUSTRIAL DEVELOPMENT
4,919 4,919
132
CAPITAL OUTLAY ON
MARITIME AFFAIRS DIVISION
5,300 5,300
(Rs. in million)
Demand
No.
Ministries / Divisions
Budget Estimates 2024-25
36
133
CAPITAL OUTLAY ON RAILWAY
DIVISION
45,000 45,000
STAFF HOUSEHOLD &
ALLOWANCES OF THE
PRESIDENT(PUBLIC)
863 863
STAFF HOUSEHOLD &
ALLOWANCES OF THE
PRESIDENT(PERSONAL)
1,418 1,418
SERVICING OF FOREIGN DEBT 1,038,602 1,038,602
FOREIGN LOANS REPAYMENT 4,989,963 4,989,963
REPAYMENT OF SHORT TERM
FOREIGN CREDITS
29,500 29,500
AUDIT 8,639 8,639
SERVICING OF DOMESTIC
DEBT
8,736,398 8,736,398
REPAYMENT OF DOMESTIC DEBT
19,050,034
19,050,034
SUPREME COURT
4,402 4,402
ISLAMABAD HIGH COURT
1,874 1,874
ELECTION
9,635 9,635
FEDERAL OMBUDSMAN
SECRETARIAT FOR
PROTECTION AGAINST
HARRASMENT OF WOMEN AT
WORK PLACE
184 184
WAFAQI MOHTASIB
1,527 1,527
FEDERAL TAX OMBUDSMAN
430 430
34,555,572 8,883,292 43,438,864
TOTAL
37
Budget Revised Budget
Estimates Estimates Estimates
2023-24 2023-24 2024-25
A01 Total Employees Related Expenses 1,168,346 1,183,300 1,358,788
A011 215,488 213,624 221,808
71,148 69,722 74,470
144,340 143,901 147,339
A012 952,858 969,676 1,136,980
916,400 928,115 1,098,332
36,458 41,561 38,648
A02 3,713 1,898 3,251
A03 1,209,416 1,214,583 1,500,606
A04 806,075 807,040 1,022,974
A05 2,764,835 2,186,512 3,475,111
A06 13,279 33,495 20,764
A07 7,302,534 8,286,549 9,775,005
A08 923,916 993,761 1,141,620
A09 497,421 498,685 633,417
A10 33,342,817 26,519,052 24,069,508
A11 141,434 450,709 91,364
A12 272,792 318,520 329,120
A13 12,860 12,973 17,336
48,459,437 42,507,076 43,438,864TOTAL EXPENDITURE
Loans and Advances
Physical Assets
Principal Repayments of Loans
Investments
Civil Works
Repairs and Maintenance
Interest Payment
A011-2 Pay of Other Staff
Allowances
A012-1 Regular Allowances
A012-2 Other Allowances (Excluding TA)
Project Pre-investment Analysis
Operating Expenses
Employees Retirement Benefits
Grants, Subsidies & Write off Loans
Transfers
A011-1 Pay of Officer
STATEMENT OF OBJECT CLASSIFICATION WISE EXPENDITURE
Rs. In million
Object
Code
Description
Pay
38
Government of Pakistan
Finance Division
(Debt Management Office)
Subject
: STATEMENT OF CONTINGENT LIABILITIES OF THE FEDERAL GOVERNMENT
Contingent liabilities of Pakistan are primarily guarantees issued on behalf of
Public Sector Enterprises (PSEs). The sovereign guarantee is normally extended to
improve financial viability of projects or activities undertaken by the government
entities with significant social and economic benefits. It allows public sector companies to
borrow money at lower costs or on more favourable terms and in some cases
allows to fulfil the requirement where sovereign guarantee is aprecondition for
concessional loans from bilateral/multilateral agencies to sub-sovereign borrowers.
2. The volume of new government guarantees issued during a financial year
is limited under Fiscal Responsibility and Debt Limitation Act which stipulates that
the government shall not give guarantees aggregating to an amount exceeding two
percent of the GDP in any financial year including those for rupee lending, rate of
return, outright purchase agreements and other claims and commitments provided the
renewal of existing guarantees shall be considered as issuing a new guarantee.
3. During Jul-Mar FY24, the government remained within the FRDL Act limit
for issuance of new/rollover of GoP Guarantees which stood at 0.1% of GDP.Total
executed guarantees were Rs 3,685 billion while outstanding stock was Rs 3,505
billion at end March2024as per the following details:
Table-1: Summary of Outstanding Government Guarantees (All
figures are Rs in billion unless otherwise stated)
Outstanding
Guarantees
Total
Guarantees
Domestic 1,540 1,707
External 1,965 1,978
Total 3,505 3,685
Memo:
External (US$ in million) 6,971 7,017
Exchange Rate (Pak Rupee/US Dollar) 278 278
39
4. Sector-Wise, Entity Wise and interest rate wise share of the guarantees at
end March 2024are as follows:
Table 2: Outstanding Position of GoP Guarantees
Rsin billion % Age
Sector Wise Breakup
Total Outstanding Stock 3,505 100%
- Power Sector 2,457 70%
- Aviation 247 7%
- Manufacturing& Mining 110 3%
- Financial 108 3%
- Oil & Gas 111 3%
- Others 472 13%
Entity Wise Breakup
Total Outstanding Stock 3,505 100%
- PAEC 1,397 40%
- PHL 765 22%
- PIACL 247 7%
- Sindh Engro 81 2%
- NTDC 59 2%
- Others 955 27%
Interest Rate Type
Total Outstanding Stock 3,505 100%
- Floating Rate 1,582
45%
- Fixed Rate 1,923
55%
Note: The original maturities of major portion of Guaranteed Debt Stock were 5 years and above
40
6. The estimates of guarantees to be issued from April 2024 till June 2025
are as follows:
Table 3: Estimated Guarantees Issuance and Position (Q4 FY 24 and FY 25) (Rs in billion)
A Opening Guaranteed Debt Position (31-03-2024) 3,685
B New Guarantees to be Issued (Q4 FY 24 & FY25) 711
- REKO DIQ 230
- C-5 143
- PPP 106
- PSO 100
- SNGPL 50
- PIAIL
40
- Exim Bank 10
- PIACL 6
- NAVTTC 1
- Misc/Contingencies 25
C Estimated Repayments against Existing Guaranteed Loans 308
D=B-C Net Issuance of Guarantees (Q4 FY 23& FY24) 403
A+D Estimated Closing Guaranteed Debt Position (30-06-2025) 4,088
Note
(i) Expected external guarantees are converted intoPKR at exchange rate of 295/USD
(ii) The estimates are developed based on requests received so far from different PSEs and issuing wings
during the ongoing Fiscal Year
(iii) The guarantees of which LoCs have already been issued before March 2024are incorporated in
Opening Guaranteed Debt Position as at End March 2024
(Iv) The above table excludes Guaranteed Debt Position and expected guarantees for commodity
operations.
5. Presently, Guarantees issued against commodity operations are not
included in the above table. These guarantees issued against the commodity
financing operations undertaken by TCP, PASSCO, and provincial governments.
The outstanding stock of commodity operations was Rs 1,133 billion at end March
2024.
41
STATEMENT OF FISCAL RISKS
1. Fiscal risks may lead to potential threats or uncertainty in fiscal forecasts presented in the
Medium-Term Budgetary Statement, as defined in section 5 of the Fiscal Responsibility and Debt
Limitation (FRDL) Act 2005.
2. Higher Interest Rate: Any increase in the interest rate on external and domestic debt can
lead to a rise in federal expenditures and subsequently, the federal fiscal deficit and total debt of
the government. If this possibility is realized, the overall effect will be substantial without additional
measures.
3. Lower Non-Tax Revenue Collection: A significant reduction in non-tax revenue
collections leads to a substantial decrease in net federal revenue and a consequent increase in
fiscal deficit. Additionally, the higher deficits contribute to an increase in debt stock over the
forecasted period.
4. Higher Subsidies: An increase in subsidies leads to an increase in expenditure, the effect
on fiscal deficits and debt stock is relatively limited. Higher subsidies support the targeted sectors
or programs but may also strain government finances if not accompanied by corresponding
revenue measures or expenditure controls.
5. Combination of the first three Scenarios: This scenario demonstrates the most
significant impact on fiscal variables across the board. The combination of reduced revenues,
increased expenditure on subsidies, and potential financing needs due to higher interest rates
leads to substantial fiscal deficit and higher debt stock. It underscores the interconnectedness of
fiscal policy and the need for comprehensive approaches to address fiscal challenges.
6. Lower GDP Growth: This involves lowering the projected GDP growth rate by a quarter
(in each fiscal year). While this scenario does not directly affect fiscal policy measures, it has
implications for revenue generation and expenditure planning. The lower GDP growth rate leads to
a decrease in net federal revenue due to subdued economic activity. Consequently, there is
pressure on fiscal deficit and debt accumulation, as the government may need to maintain or
increase expenditures to stimulate growth amid lower economic performance.
7. Exchange Rate Depreciation: More-than-expected depreciation of the Pakistani Rupee
can significantly impact fiscal sustainability by increasing the cost of servicing external debt, as
repayments and interest on foreign-denominated loans become more expensive in local currency
terms. Additionally, a weaker rupee can lead to higher import costs, fueling inflation and putting
pressure on public expenditure, particularly if subsidies on essential goods like fuel and food are in
place. The combined effect of these factors can lead to a higher fiscal deficit and an increased debt
burden, exacerbating fiscal vulnerabilities. Moreover, the depreciation could undermine investors’
confidence, leading to capital outflows and further currency depreciation, creating a vicious cycle of
financial instability.
7. Climate change and natural disasters pose increasingly significant threats to global
economic stability and fiscal sustainability. As these phenomena intensify, governments,
worldwide, are compelled to reevaluate their fiscal strategies for managing the associated risks
42
effectively. Despite being an almost negligible contributor to global warming, the costs of climate
change to Pakistan are substantial and continuously increasing as the country faces severe
economic challenges. The accelerated impacts of climate change have added a new layer of
pressure on the economy, including the exogenous shock of severe climate disasters, which in
2022 exerted significant losses on GDP. Rising inflation, high indebtedness, low growth, currency
depreciation, and depleted foreign currency reserves have added to the scale and multitude of
challenges.
8. Stringent climate change mitigation can significantly raise government expenditures
and resultantly, the federal fiscal deficit. However, it will also yield economic and climate benefits in
the medium and long term, restricting the average degree temperature to increase significantly. As
such, it is critical to highlight that climate change is a long-term phenomenon, requiring climate
justice by the international community to join hands with Pakistan to make joint efforts for climate
change mitigation.
9. Under no or lower efforts to climate change mitigation, the loss in GDP will be greater
than the stringent mitigation scenario. On the fiscal side, the decreased revenue collections due to
less economic activity and lower productivity may yield a higher fiscal deficit. Furthermore, climate
change mitigation along with efforts for more revenue collections are more promising in the long
term for fiscal sustainability in line with the baseline scenario.
10. Natural disasters can significantly challenge fiscal sustainability. The 2022 floods have
shown Pakistan’s high vulnerability to climate change as the disaster has demonstrated
vulnerability for the people of the country. Establishing a Natural Disaster Fund (NDF) can help to
mitigate fiscal deficit, at least to some extent. Furthermore, including improved tax collections
alongside NDF in certain instances shows promise in alleviating fiscal risks, resulting in slight
improvements in deficit levels.
11. Pakistan’s State-Owned Enterprises (SOEs) are pivotal for socio-economic
development by providing essential goods and services to the public in areas where private sector
investment was hindered due to various factors, such as significant capital requirements, limited
profitability, trade restrictions, market size constraints, and a lack of competitive market dynamics.
However, the financing requirements of SOEs and the interplay between the Government of
Pakistan and its SOEs render fiscal accounts at risk. Severe weather conditions due to climate
change led to shifts in water availability and energy generation, while major precipitation events,
extreme temperatures, and wildfires disrupted transportation infrastructure and transmission
systems. SOEs like GENCOs, WAPDA, DISCOs, and other power sector entities face significant
exposure. Such risks include those associated with hydropower and thermal power plants, as well
as transmission and infrastructure risks.
12. Under Public Private Partnership, there is only one project, Sialkot – Kharian Motorway,
which has a VGF of only PKR 10.94 billion and is in the construction phase. Moreover, there is no
liability on the part of the government under this PPP project that can be materialized as a
consequence of any climate change-related event. However, there is a valid sovereign guarantee
of PKR 6.9 billion, which has been issued against the operational VGF of this project. The
guarantee
43
will expire on the completion of the debt service period, which is 10 years starting after 2 years of
construction period.
Mitigation Measures
•
Stable macroeconomic policies prevent excessive exchange rate fluctuations and attract
long-term investments, contributing to overall economic resilience and minimizing fiscal risk.
•
Accumulating foreign exchange reserves provides a financial cushion against exchange
rate volatility. During periods of economic stability and favourable trade balance, the
government can build foreign currency reserves and manage these reserves through
investments in safe and liquid assets.
•
Developing policies that support export-driven sectors increases foreign currency earnings
and improves the trade balance. A stronger export sector enhances foreign exchange
inflows, reducing pressure on the domestic currency and helping to stabilize it.
•
Creating a conducive environment for FDI boosts foreign currency inflows and supports
economic growth. Ensuring political and economic stability, improving ease of doing
business, offering tax incentives, and protecting investors' rights are key strategies for
attracting FDI.
•
By supporting sectors that are less vulnerable to climate impacts and promoting new
industries that contribute to a greener economy, the fiscal base becomes more robust and
less susceptible to climate-related disruptions. Investments in research and development
for sustainable technologies can also spur economic growth, create jobs, and reduce
dependency on sectors prone to climate risks.
•
Diversifying energy sources by accelerating the transition to renewable energy can reduce
dependency on imported fuels and mitigate exchange rate and price volatility risks.
•
Implementing energy efficiency measures can help to control overall demand and capacity
charges. Utilizing financial instruments to hedge fuel prices and exchange rate volatility can
provide more predictable cost structures.
•
Strengthening regulatory frameworks and incentives for private sector investment in
renewable energy is crucial to reducing the fiscal burden and ensuring sustainable energy
development.
•
Ensuring priorities in investment on climate resilient infrastructure is critical, making
structures such that they survive natural disasters. This means that roads to be constructed
should meet improved drainage levels, use better materials, and better engineering designs
and principles to remain resilient.
•
Measures such as early warning flood control measures should be taken proactively to
reduce the extent of the problems so that rehabilitation costs may decrease in the long run.
44
Dated: 12th June, 2024
STATEMENT OF ESTIMATED TAX EXPENDITURE
Section 8 of the Public Finance Management Act, 2019 provides
that the Federal Government shall,
in respect of every financial year cause
to be laid before the National Assembly, Finance Bill consistent with
Article 73 of the Constitution including a statement of estimated tax
expenditure of the Federal Government.
2.
A
Tax
Expenditure
Report
2024
providing
the
details
of
tax
expenditure in FY 2024- 25 which involves tax expenditure in Sales Tax of
Rs. 2,858.721 billion, a tax expenditure in Income Tax of Rs. 476.960
billion, and tax expenditure in Customs Duty of Rs. 543.521 billion,
arriving at a total estimated tax expenditure of Rs. 3,879.202 billion is
being laid before the Parliament.
(Malik Amjed Zubair Tiwana)
Chairman FBR
45
Medium-Term Budgetary Statement
(2024-25 TO 2026-27)
The Federal Government includes Medium-Term Budgetary Statement, consistent with
the principles of sound fiscal and debt management, in the Annual Budget Statement to
be laid before the National Assembly each year as per requirement under section 5 of
the Fiscal Responsibility & Debt Limitation Act, 2005.
2. Pakistan’s economy witnessed a moderate recovery in FY2024which laid a
foundation for further strengthening the growth prospects in FY2025 and over the
medium term.The government has been able to stabilize the economy through various
short-term policy measures and initiate the long-term sustainable growth agenda.
3. The growth trend in tax collection is indicative of improving economic conditions,
gradual recovery in business activities, and effective enforcement measures.
Consequently, the revenue landscape presents a promising outlook. On the other hand,
higher markup payments are putting significant pressure on expenditure. However, the
government's persistent efforts to curtail non-markup expenditures through austerity
measures have facilitated a continuous improvement in primary surplus in FY2023-24.
4. Resource mobilization and increasing revenues to an optimum level over medium-
term is a critical challenge to meet escalating expenditures. Government is focusing all
its efforts to optimize tax collection through robust measures such as revamping of FBR,
supporting digitization and IT base solutions, removing Tax distortions and
implementing tax regulation effectively. Similarly, realizing the importance of non-tax
revenues (NTR), the Government is exploring all avenues to increase inflows and has
been able to achieve its NTR targets in FY 2023-24. Going forward, government is
committed to maintain this growth.
46
5.
On the expenditure side, the Government is ensuring the support to the social
sector development through health, education, youth and gender sensitive
allocations. For social inclusion and pro-poor interventions, spending on BISP,
Pakistan Bait-ul-Mal and Utility Stores Corporations have been increased
exponentially. At the same time, austerity measures will remain in place for
rationalization of non-essential spending.Stable financial growth and maintaining
fiscal discipline over medium-term will ensure the Government's to create a balance
between providing relief to the common man and meet other essential expenditures.
The development portfolio of the Government has been increased which will ensure
the sustainable development over medium term.
47
Climate Budget Statement
The daunting challenge of climate change posing socioeconomic risks to Pakistan
demands urgent attention. The federal government is cognizant of macro-fiscal
implication of climate change and looking forward to bring economic diversification to
strengthen fiscal resilience by focusing on greener economy through introducing
climate resilience infrastructure and new industries. Therefore, federal government
has adopted climate budget as a governance system to mainstream the climate
considerations into policy decision making. The green budgeting will enable
government in prioritizing climate by integrating it into budgeting process and fixing
responsibility for implementation, monitoring, evaluation and reporting across
the line ministries and departments. Ministry of Finance has taken the major initiative
of tagging climate-sensitive budgetary and expenditure data based on the National
Climate Change Policy. Through a consultative process involving all stakeholders,
more than of 5000 cost centers of the Federal Government under three major
classifications (adaptation, mitigation, and other supporting areas) and forty minor sub-
classifications have been tagged successfully. These interventions will allow the
Federal Government to make targeted allocations to respond climate change risks.
The Budget Tagging exercise this year focused on three types of data, BE 2023-24, RE
2023-24, and BE 2024-25. The BE 2023-24 has indicated allocation of 8.1% and 15.7%
of the Running of Civil Government (ROCG) and Public Sector Development
Programme (PSDP) respectively on climate sensitive areas. According to the RE
2023-24, the government was only able to spend 7.7% of the ROCG and but spent
substantially more (19.3%) as percentage of the PSDP, in comparison with the original
target, on climate sensitive areas. For the next FY 2024-25 in which ROCG and PSDP
are substantially bigger, the government has allocated funds to tackle climate change
as 7.7% of the ROCG and 15.3% of the PSDP will be spent on climate sensitive areas.
In the medium term, the government plans to ensure that climate sensitive budget does
not falls below 8% of the ROCG and 16% of the PSDP over medium term.
48
Gender budget Statement
The Article 25 states Constitution of Pakistan, 1973 provides that there will be no
gender discrimination while, Article 35 directs the state to ensure full participation of
women in all spheres of national life. However, despite major improvements, gender
inequality is a cause of concern in Pakistan. Domestic and international data and
indices suggest the wide gap between Pakistani men and women in terms of education,
health, employment and economic opportunities etc.Pakistan’s economic development
will remain halted without closing the gender gap considering the women constituting
the 50% of population of this country.
As the Government of Pakistan works to reduce gender inequality and provision of
equal rights to all citizens, one of the major impediments is the lack of gender-
disaggregated data. As a first step, the government is trying to identifygender
disaggregated on public expenditure. The federal government segregated gender
sensitive budgets and expenditures of all ministries, divisions and departments,
thereby, allowing policymakers to have a better insight on gender responsive policies
and strategies. The public expenditure ofmore than 5000cost centers of the federal
budget has been segregated under six major gender classifications (equality & quality
of education, health & well-being, governance & data systems, employment &
economic opportunity, safety & security, and agency, political participation
& meaningful engagement).This major development will assist in effectively and
efficiently spending meagre financial resources to tackle gender inequality.
The Budget Tagging exercise this year focused on three types of data, budget
estimates budget estimates (BE) financial year (FY) 2023-24, revised estimates (RE)
FY 2023-24, and BE FY 2024-
25. The BE 2023-24 has indicated allocation of 10.1% and 9.5% of the Running
of Civil Government (ROCG) and Public Sector Development Programme (PSDP)
respectively on gender sensitive areas. According to the RE 2023-24, the government
was able increase the spending to 11.3% of the ROCG and 10.1% of the PSDP on
gender sensitive areas. For the next FY, 2024-25 in which ROCG and PSDP are
substantially bigger, the government has allocated 9.8% of the ROCG and 7.4% of the
PSDP to gender sensitive areas.
49
Disaster risk is a combination of extreme natural events and vulnerability. Due to its
diverse geographyand climate change, Pakistan is prone to a large number of extreme
natural disaster triggered by natural hazards. According to World Risk Report 2023,
Pakistan has been ranked as the 11
th
highest disaster risk prone worldwide. The
Government of Pakistan is aware of the high disaster risk and has passed laws,
instituted disaster management authorities at the federal and provincial levels, and
established disaster fundsto manage and mitigate the risk. However, data onpublic
expenditure on disaster preparedness, recovery, and rehabilitation was not available in
past. Each year, the Federal Government budgets and spends millions of rupees in
diverse areas to deal with disasters. Tagging and tracking this expenditure is
necessary for evidence-based policy-making and accountability. In 2024, the federal
government decided to tag more than 5000 cost centers on four major disaster
classifications (preparedness, response, recovery & rehabilitation, and reconstruction)
through a consultative process. All ministries and divisions of the Federal Government
have participated in the tagging of their respective cost centers, increasing this
exercise’s outreach, transparency, and ownership. This tagging and tracking of budget
and expenditure on disaster sensitive areas will assist the Federal Government in
effectively mitigating risk and managing disasters.
The Budget Tagging exercise this year focused on three types of data, BE 2023-24, RE
2023-24, and BE 2024-25. The BE 2023-24 has indicated allocation of 4.5% and 1.9%
of the Running of Civil Government (ROCG) and Public Sector Development
Programme (PSDP) respectively on disaster sensitive areas. According to the RE
2023-24, the government was able to spend 4.4% of the ROCG and 1.9% of the PSDP
on disaster sensitive areas. For the next FY 2024-25 in which ROCG and PSDP are
substantially bigger, the government allocated 4.3% of the ROCG and 1.8% of the
PSDP to disaster sensitive areas.
50
Disaster Budget Statement
EMPLOYEES RELATED DATA AND IMPLEMENTATION OF
ORGANIZATIONAL MANAGEMENT MODULE
Human Resource Data in the domain of public administration provides valuable
insights on a government’s workforce composition and on the government’s ability to recruit,
retain and manage its human resource capital. From fiscal point of view Human Resource
information serves as an important decision-making tool to help Government rationalize
its allocation of resources more efficiently and economically in its employees related data.
In the Budget Call Circular (2024-25) a serious attempt has been made to compile
federal government employees’ data, with vacancy positions, and redundant posts
separately for bringing greater visibility to the size of the Federal Government employees
with specific emphasis on identification of posts that have remained vacant for more than
three (03)years. The exercise intends to assess the financial liability involved in the
continuation of redundant posts and to rationalize the size of the governments in terms of
allocation of funds and resources on to the current side of expenditure.Besides conversion
of employees related data on Organizational Management (OM) Module has been
intensely pursued to stop manual input of data in the system, eliminating the risk for errors
through creation of an Employee Record Management database for better management
and administer salary plans and process annual pay raise.In this way OM Module is the most
critical feature in maintaining personal information of Employees, by processing payroll
entries more efficient to generate salary slips, to deduct taxes from employee payroll while
strengthening the government’s working through automated work flows.
51
The statement to the best of my knowledge provides
for: -
a)
b)
c)
STATEMENT OF RESPONSIBILITY
Government of Pakistan
Finance Division
Stated that all policy decisions with material economic or fiscal implications that the
Federal Government
has
made
before
12th
June
2024,
the
day
on
which
the contents of the
economic policy statements were finalized and all other circumstances with material economic
or fiscal implications of which I was aware before that day, have been communicated to the
Secretary of Finance in terms of Section 10(1)(a) of Fiscal Responsibility and Debt Limitation Act,
2005.
the integrity of the disclosures contained in the economic policy
statement;
the consistency with requirements of the Act of the
information
contained
in the economic policy statements; and
the omission from the economic policy statement of any decision or
circumstance specified in sub-section (3) of section 8 of the Act.
(Muhammad Aurangzeb)
Minister for Finance and Revenue
52
Finance Division,
Islamabad, the 12th June, 2024
Government of Pakistan
Finance Division
STATEMENT OF RESPONSIBILITY
Stated that the Finance Division, in terms of Section 10(1)(b) of Fiscal Responsibility and
Debt Limitation Act, 2005, has supplied to the Minister for Finance and Revenue, using its
best professional judgment on the basis of economic and fiscal information available to it
before 12th June 2024, the day on which the contents of the economic policy statements
were finalized, an economic and fiscal statement incorporating the fiscal and economic
implications of those decisions and circumstances, but any decisions or circumstances that the
Minister for Finance and Revenue has determined under Sub-section (3) of Section 8 of the
Fiscal Responsibility and Debt Limitation Act 2005 have not been incorporated in the
statement.
IMDAD ULLAH BOSAL
Secretary to the Government of Pakistan
53