Annual Budget Statement
The Annual Budget Statement is part of the federal budget for FY 2023-24. This page reproduces the text of its 55 PDF pages, extracted automatically from the official PDF published by the Finance Division, Government of Pakistan.
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Page 1
FEDERAL BUDGET
2 0 2 3 - 2 4
ANNUAL
BUDGET
STATEMENT
GOVERNMENT OF PAKISTAN
FINANCE DIVISION
ISLAMABADPage 2
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Page 3
PREFACE
Article 80 of the Constitution of Islamic Republic of Pakistan 1973 pertains
to the Annual Budget Statement. The statement containing estimated receipts and
expenditure is to be laid before the National Assembly of Pakistan for financial year
2023-24 in terms of Article 80(1) and transmitted to the Senate of Pakistan as required
under Article 73(1). Article 80(2) of the Constitution obligates that the statement shows
separately the charged expenditures and other expenditures to be made from the Federal
Consolidated Fund. It also distinguishes expenditure on revenue account from other
expenditure.
Section 4 of the Public Finance Management Act, 2019 states that the
Annual Budget Statement shall include statement of the purpose, statement of contingent
liabilities of the Federal Government and statement of fiscal risk. A statement of
estimated tax expenditure of the Federal Government is also part of Annual Budget
Statement in terms of Section 8 of the Public Financial Management Act, 2019. Sections
5 and 10 of the Fiscal Responsibility and Debt Limitation Act, 2005 require a Medium-
Term Budgetary Statement and Statements of Responsibility to be laid before National
Assembly. All these statements have been made part of the Annual Budget Statement for
Financial Year 2023-24.
It is further added that Explanatory Memorandum of Federal Receipts and
Demands for Grants and Appropriation constitute explanatory part of Annual Budget
Statement for FY 2023-24.
IMDAD ULLAH BOSAL
Secretary to the Government of Pakistan
Finance Division,
Islamabad, the 09th June, 2023Page 4
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CONTENTS PAGE
I. Summary of Receipts ………………………………………………………………………. 1
II. Revenue Receipts ……………………………………………………………………… 2 - 4
III. Capital Receipts ……………………………………………………………………… . 5
IV. External Receipts ……………………………………………………………………… . 6
V. Public Account Receipts …………………………………………………………………… 7 - 10
VI. Summary of Expenditure ………………………………………………………………… . 11
VII. Current Expenditure on Revenue Account ……………………………………………… 12 - 14
VIII. Current Expenditure on Capital Account ……………………………………………… . 15
IX. Development Expenditure on Revenue Account ……………………………………… 16 - 17
X. Development Expenditure on Capital Account …………………………………………. 18
XI. Capital Expenditure ………………………………………………………………………. 19
XII. Public Account Expenditure ……………………………………………………………… 20 - 24
XIII. Estimated Charged and Other Expenditure
met from Federal Consolidated Fund ………………………………………………… . 25
XIV. Statement of Purpose…………………………………………………………………………. 26
XV. Demand for Grants and Appropriations for Expenditure 2023-24
Demand-Wise Expenditure …………………………………………………………… 27 - 34
XVI. Statement of object Classification wise Expenditure............................................ 35
XVII. Statement of Contingent Liabilities………………………………………………...... 36 - 38
XVIII. Statement of Fiscal Risks…………………………………………………………...... 39 - 41
XIX. Statement of Estimated Tax Expenditure………………………………………………… 42
XX. Medium Term Budgetary Statement 2023-26………………………………............. 43 - 44
XXI. Green Budget Statement............................................................................... 45
XXII. Gender Budget Statement............................................................................. 46
XXIII. Employees Related Data and Implementation of O.M Module....................... 47
XXIV. Statements of Responsibility................................................................................. 48 - 49Page 6
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Page 7
SUMMARY OF RECEIPTS
Federal receipts are categorized as Revenue Receipts, Capital Receipts, Public Account Receipts
and External Receipts. All these receipts, except Public Account Receipts become part of the the
Federal Consolidated Fund.
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.
(Rs in million)
Budget Revised Budget
Object
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
A-Revenue Receipts - Federal
Consolidated Fund
B 1 Tax Revenue Receipts 7,470,000 7,200,000 9,415,000
FBR Taxes 7,470,000 7,200,000 9,415,000
Direct Taxes 3,039,000 2,851,000 4,255,000
Indirect Taxes 4,431,000 4,349,000 5,160,000
C 2 Non-Tax Revenue Receipts 1,934,897 1,618,157 2,963,164
B03 Levies and Fees 35,151 22,457 29,433
C01 Income from Property and Enterprise 279,647 305,407 398,054
C02 Receipts from Civil Administration etc 354,045 403,802 1,168,492
C03 Miscellaneous Receipts 1,266,053 886,491 1,367,185
3 Total Revenue Receipts (1+2) 9,404,897 8,818,157 12,378,164
E 4 Capital Receipts 2,375,059 3,419,559 2,531,119
E02 Recovery of Loans and Advances 253,576 322,656 632,200
Domestic Debt Receipts (Non Bank)-E03 Net 2,121,483 3,096,903 1,898,919
5 Total Internal Receipts (3+4) 11,779,956 12,237,717 14,909,283
6 External Receipts 5,546,338 3,323,950 7,169,136
Loans 5,293,535 2,959,234 6,541,063
Grants 3,398 4,667 3,689
Project Loans & Grants (Others) 249,404 360,049 624,384
7 Total Internal and External Receipts
(5+6) 17,326,294 15,561,667 22,078,419
B - Public Account of Federation Net
Receipts
8 Public Account Receipts (125,196) (389,378) 7,210
Deferred Liabilities (Net) (128,865) (438,271) (38,396)
Deposit and Reserves (Net) 3,669 48,893 45,606
9 Gross Federal Resources (7+8) 17,201,097 15,172,289 22,085,629
10 Less Provincial Share in Federal Taxes 4,372,565 4,129,001 5,399,001
11 Net Federal Resources (9-10) 12,828,532 11,043,288 16,686,628
12 Cash Balance Surplus by the Provinces 750,000 459,000 600,000
13 Privatization Proceeds 96,410 1,269 15,000
14 Credit from Banking Sector 93,180 3,490,460 2,259,769
15 Total-Resources (11+12+13+14) 13,768,123 14,994,017 19,561,397Page 8
REVENUE RECEIPTS
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:-
Tax Revenue
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;
(Rs in million)
Budget Revised Budget
Object
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
B Tax Revenue
FBR Taxes 7,470,000 7,200,000 9,415,000
B01 i.Direct Taxes 3,039,000 2,851,000 4,255,000
B011 Taxes on Income 3,024,076 2,816,514 4,203,531
B017-18 Capital Value Tax (CVT) 515 620 925
B01501 WWF (Ordinary Collection) 6,947 10,497 15,666
B01502 WPPF(Contribution under
Companies Profit) 7,462 23,369 34,878
B02 ii.Indirect Taxes 4,431,000 4,349,000 5,160,000
B020-22 Customs Duties 953,000 1,084,000 1,211,000
B023 Sales Tax 3,076,000 2,808,000 3,411,000
B024-25 Federal Excise 402,000 457,000 538,000
1 Total Tax Revenue (i+ii) 7,470,000 7,200,000 9,415,000Page 9
REVENUE RECEIPTS
Non-Tax Revenue
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;
(Rs in million)
Budget Revised Budget
Object
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
C Non Tax Revenue
a) Levies and Fees 35,151 22,457 29,433
Mobile Handset Levy 10,000 8,000 10,000
Receipts of ICT Administration 25,098 14,404 19,380
Airport Fee (CAA) 53 53 53
C01 b) Income from Property and Enterprise 279,647 305,407 398,054
C01008 Surplus Profit of PTA 9,000 1,628 1,628
C01008 PTA (License Renewal Fees) 50,000 74,000 72,597
C01012 Regulatory Authorities (Surplus Profit) 695 438 7,203
C012-18 Mark up Receipts 139,652 147,652 195,201
C012 Mark up Receipts (Provinces) 39,652 39,652 77,201
C013-18 Mark up Receipts ( PSEs & Others) 100,000 108,000 118,000
C019 Dividend 80,300 81,688 121,425
C02 c) Receipts from Civil Administration
354,045 403,802 1,168,492
and Other Functions
C021-24 General Administration Receipts 13,622 2,605 7,613
C02211 Surplus Profit of State Bank of 300,000 371,186 1,113,000 Pakistan
C025 Defence Services Receipts 30,222 25,222 41,256
C026 Law and Order Receipts 3,850 1,453 2,016
C027 Community Services Receipts 3,847 2,160 2,629
C028-29 Social Services 2,504 1,177 1,977
Contd.....Page 10
(Rs in million)
Budget Revised Budget
Object
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
C03 d) Miscellaneous Receipts 1,266,053 886,491 1,367,185
C031-35 Economic Services Receipts 25,971 12,939 15,806
C036 Foreign Grants (Budgetary Support) 25,000 25,000 25,000
C03897 Nationalization, Passport and Others 35,000 32,003 59,004
C03901 Petroleum Levy 855,000 542,000 869,000
C03902 Natural Gas Development Surcharge 40,000 14,000 40,000
C03905 Royalty on Crude Oil 46,000 54,000 50,000
C03906 Royalty on Natural Gas 70,000 65,000 75,000
C03910 Discount Retained on Local Crude
Price 20,000 20,000 20,000
C03915 Windfall Levy against Crude Oil 10,000 30,000 35,000
C03916 Gas Infrastructure Development Cess 30,000 9,000 50,000
C03917 Petroleum Levy on LPG 8,000 3,450 12,000
Others (Details in "Explanatory
Memorandum" Book) 101,082 79,099 126,374
C 2 Total Non-Tax Revenue (a+b+c+d) 1,934,897 1,618,157 2,963,164
3 Total Revenue Receipts (1+2) 9,404,897 8,818,157 12,163,164Page 11
CAPITAL RECEIPTS
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;
(Rs in million)
Budget Revised Budget
Object
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
E02 I. Recoveries of Loans and Advances 253,576 322,656 632,200
E021 Provinces 243,576 312,656 621,700
E022-27 PSEs and Others 10,000 10,000 10,500
E03 II. Total Domestic Debts Receipts (a+b) 21,775,851 28,196,506 30,796,958
E031 a) Permanent Debt Receipts 4,394,622 3,980,471 5,242,306
Pakistan Investment Bonds (Bank) 1,584,556 2,282,542 2,985,455
Pakistan Investment Bonds (Non
Bank) 1,580,066 414,937 426,851
Premium Prize Bonds (Registered) 30,000 13,000 30,000
Ijara Sukuk Bonds 1,200,000 901,000 1,800,000
ICBC (Foreign Currency Denominated
Domestic Loan) - 368,992 -
E032 b) Floating Debt Receipts 17,381,229 24,216,035 25,554,653
Prize Bonds 25,516 19,035 18,653
Treasury Bills Through Auction 17,355,713 24,197,000 25,536,000
E 4 Capital Gross Receipts (I+II) 22,029,427 28,519,162 31,429,158
Domestic Debt Receipts (i+ii) 21,775,851 28,196,506 30,796,958
Domestic Debt Repayment (page-19) 19,654,368 25,099,603 28,898,040
Net Domestic Debt Receipts 2,121,483 3,096,903 1,898,919
5 Total Federal Internal Gross Receipts
(3+4) 31,434,324 37,337,320 43,592,323Page 12
EXTERNAL RECEIPTS
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;
(Rs in million)
Budget Revised Budget
Description Estimates Estimates Estimates
2022-23 2022-23 2023-24
I Loans 5,293,535 4,290,901 6,541,063
Project Loans (PSDP) 56,602 151,373 68,312
Federal 13,329 12,719 8,926
Autonomous Bodies 43,273 138,654 59,386
Programme Loans 1,243,141 876,314 788,171
Other Loans 3,993,792 3,263,215 5,684,580
Islamic Development Bank 223,200 40,089 145,000
Saudi Arabia (Oil Facility) 148,800 194,788 -
Saudi Arabia (Import of Petrol) - 99,600 174,000
Saudi Arabia (Time Deposit) 558,000 747,000 870,000
Euro Bond/International Sukuk 372,000 - 435,000
ECO Oil Facility - 25,398 29,580
New Deposits KSA - - 580,000
New Deposits UAE - - 290,000
China Safe Deposits (Bilateral) 744,000 996,000 1,160,000
Commercial Banks 1,389,792 871,500 1,305,000
IMF Loan for Budgetary Support 558,000 288,840 696,000
II Grants 3,398 4,667 3,689
Project Grants (PSDP) 3,398 4,667 3,689
Federal (PSDP) 3,398 223 1,544
Autonomous Bodies - 4,444 2,145
a. External Receipts (I +II) 5,296,933 4,295,568 6,544,752
b. Project Loans & Grants (Others) 249,404 361,064 624,384
Loans 222,842 320,459 566,115
Grants 26,563 40,605 58,270
6 Total External Receipts (a +b) 5,546,338 4,656,633 7,169,136Page 13
PUBLIC ACCOUNT RECEIPTS
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;
National Savings Schemes
National Savings Schemes include Savings bank accounts, Defence Savings Certificates, Special
Savings Certificates, Pension Benefit Accounts, Behbood Savings Certificates etc.
(Rs in million)
Receipts Revised Receipts
Object
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
i. G111 Investment Deposit Accounts (Savings
Schemes) 1,095,660 1,499,659 1,694,078
G11101 Savings Bank Accounts 421,167 649,549 681,697
G11106 Defence Savings Certificates 50,317 58,715 70,140
G11111 Special Savings Certificates
(Registered) 54,215 62,956 93,952
G11112 Special Savings Accounts 77,816 290,196 169,399
G11113 Regular Income Certificate 115,580 123,020 119,002
G11126 Pension Benefit Accounts 82,544 81,951 95,491
G11127 Behbood Saving Certificates 219,002 192,235 219,356
G11130 Shuhada Welfare Account 20 36 40
New Sarwa Islamic Saving & Term Accounts 60,000 - 200,000
G11129 Short Term Savings Certificates 15,000 41,000 45,000
ii. G061 Provident Fund 45,311 47,802 51,945
1 Gross Public Account Receipts ( i+ii ) 1,140,970 1,547,461 1,746,023
Gross Public Account Expenditure
(Page-20) 1,269,836 1,985,732 1,784,419
Net Public Account Receipts (128,865) (438,271) (38,396)
Contd…..Page 14
PUBLIC ACCOUNT RECEIPTS
Deposits and Reserves
Deposits and Reserves represent all monies forming part of the Public Account of the Federation as
per 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 non-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 resreves 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 balance under the respective head of account.
(Rs in million)
Receipts Revised Receipts
Object
Description Estimates Estimates Estimates
Code 2022-23 2022-23 2023-24
G Deposits and Reserves
FGE Benevolent Funds 1,501 1,922 2,018
G06202 Civil 1,347 1,824 1,915
G06205 Pakistan Post Office Deptt. 87 4 4
G06206 Pak PWD 47 60 63
G06209 National Saving 13 25 26
G06210 Pakistan Mint 2 3 3
G06212 Geological Survey of Pakistan 5 6 7
Group Insurance Fund 430 477 501
G06401 PAK PWD 5 6 6
G06404 National Saving 5 6 6
G06405 Pakistan Mint 0.1 0.2 0.2
G06407 Geological Survey of Pakistan 2 2 3
G06409 Civil 414 463 486
G07104 Fed. Govt. Empl. Group Insur.
Fund PPO 4 1 1
Defence 2,880 7,482 7,856
G06203 F,G Employees Benevolent Fund
(Defence) 2,690 4,105 4,310
G06410 Group Insurance Fund (Defence) 190 216 227
G11224 Deposits Accounts with Defence - 3,161 3,319
Federal Pension Fund 10,000 10,000 10,000
G12803 Federal Pension Fund Receipts 10,000 10,000 10,000
Contd.....Page 15
(Rs in million)
Receipts Revised Receipts
Object
Description Code Estimates Estimates Estimates
2022-23 2022-23 2023-24
Pakistan Post Office Department 48 - -
G07101 Post Office Renewal Reserve Fund 25 - -
G07102 Post Office Welfare Fund 23 - -
Pak PWD 62,896 81,672 85,756
Pak PWD Receipts & CollectionG10101 639 894 938 Account
G10113 Pak PWD Deposits 62,257 80,778 84,817
Arts 2,000 - 2,000
Artist Assistance Fund (Information) - 1,000
Film Finance Fund 1,000 - 1,000Page 16
PUBLIC ACCOUNT RECEIPTS
Deposits and Reserves
(Rs in million)
Receipts Revised Receipts
Object
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
G Deposits and Reserves 30,813 74,300 79,938
Miscellaneous Funds
G06304 Workers Welfare Fund 13,506 30,796 32,336
G06315 Judicial Officers Welfare Fund 3 3.50 4
G12140 PM Flood relief Fund 2010 0.10 0.12 0.13
G12150 PM Relief Fund for IDPs 2014 2,017 1,796 1,886
G12157 PM COVID-19 Pandemic relief
Fund 2020 81 344 361
G12164 PM's Relief Fund Flood,
Earthquake Other Cal. - 10,029 10,530
G12166 PM's Relief Fund for Turkiye &
Syria Earthquake 1,080 1,134
G12205 Pakistan Minorities Welfare Fund 57 0.32 0.34
G12206 Special Fund for Welfare & Uplift of
Minorities 72 0.31 0.33
G12226 Federal Govt. Artists Welfare Fund
(Heritage) 0.14 - -
G12305 Export Development Fund - 15,185 16,703
G12308 Reserve Fund for Exch. Risk on 5,529 Foreign Loans 223 5,266
G12412 Pakistan Oil Seed Development
Fund 153 238 249
G12419 Research and Development Fund 2,349 2,100 2,349
G12421 SCP Diamer Basha and Mohmand Dam 0.24 7 8
G12612 Fund for Urdu Science Board 1 1 1
G12712 Trust Interest Fund(Charitable
Endowment) 3 4 4
G12738 National Fund for Control of Drug
Abuse 34 13 14
G12783 Universal Service Fund 7,100 7,100 7,200
Miscellaneous Deposit and Reserve Accounts
G10104 Mint Receipt and Collection Account 60 50 60
G14100 Pakistan Mint 1,570 288 1,570
Other 3,582 - -
2 Gross Receipts (Deposits and
Reserves) 110,567 175,853 187,069
Exp. Deposit and Reserves
(page-24) 106,898 126,960 141,462
Net Deposit and Reserves
Receipts 3,669 48,893 45,606
3 Gross Receipts (1+2) 1,251,538 1,723,314 1,933,091
Gross Expenditure 1,376,734 2,112,692 1,925,881
PUBLIC ACCOUNT NET
7 (125,196) (389,378) 7,210
RECEIPTSPage 17
SUMMARY OF EXPENDITURE (Current & Dev)
In this table, the Budget Estimates of current expenditure (on revenue and capital account) and
Budget Estimates of Development expenditure (on revenue and capital accounts) have been
mentioned as per Article 80(2) of the Constitution of Pakistan.
(Rs in million)
Budget Revised Budget
Function
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
Current Expenditure
a. Current Exp. on Revenue Account 8,707,973 10,527,616 13,344,395
01 General Public Services 6,248,481 7,843,592 10,444,266
02 Defence Affairs and Services 1,566,698 1,591,183 1,809,467
03 Public Order and Safety Affairs 209,161 209,178 237,215
04 Economic Affairs 183,803 311,372 210,835
05 Environment Protection 749 660 1,226
06 Housing and Community Amenities 7,850 7,367 22,986
07 Health 19,582 22,459 24,210
08 Recreation, Culture and Religion 10,990 13,528 16,782
09 Education Affairs and Services 90,556 91,777 97,098
10 Social Protection 370,103 436,501 480,309
b. Current Exp. on Capital Account 4,036,273 3,419,844 4,608,359
011 Foreign Loans Repayment 3,792,401 2,988,301 4,398,068
011 Repayment of Short Term Foreign Credits 142,772 330,625 46,690
011 Federal Misc. Investments and Other Loans
and Advances by the Fed. Govt. - 1 -
014 Transfers 101,101 100,917 163,601
1 Total Current Expenditure (a + b) 12,744,246 13,947,460 17,952,753
Development Expenditure
c. Dev. Exp. on Revenue Account 491,190 449,206 632,350
d. Dev. Exp. on Capital Account 532,686 597,351 976,294
2 Total Development Expenditure (c+d) 1,023,877 1,046,558 1,608,644
Grand Total - Expenditure (1+2) 13,768,123 14,994,017 19,561,397
3 Break-up of Expenditure
Revenue Account (a+c) 9,199,163 10,976,823 13,976,745
Capital Account (b+d) 4,568,960 4,017,195 5,584,653
Total Expenditure: 13,768,123 14,994,017 19,561,397Page 18
Current Expenditure on Revenue Account
(Rs in million)
Budget Revised Budget
Function
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
01 General Public Service 6,248,481 7,843,592 10,444,266
011 Executive & Legislative Organs,
Financial & Fiscal Affairs, External
Affairs 5,227,252 6,874,899 9,225,234
Debt Servicing 3,950,062 5,520,456 7,302,524
Servicing of Foreign Debt 510,972 725,370 872,219
Servicing of Domestic Debt 3,439,090 4,795,086 6,430,305
Superannuation Allowances & Pensions 609,000 609,000 801,000
Others (Details are in "Demands for
Grants" books.) 668,190 745,443 1,121,711
012 Foreign Economic Aid 2,289 2,312 4,399
014 Transfers 956,616 868,701 1,133,905
Provinces 188,700 59,600 295,300
Others (Details are in "Budget in 767,916 809,101 838,605 Brief" book.)
015 General Services 15,528 31,306 23,328
016 Basic Research 7,643 7,478 8,784
017 Research & Dev. General Public
Services 21,002 20,491 24,716
018 Admn. of General Public Service 6,292 27,043 7,786
Gen. Public Services not elsewhere 019 11,860 11,362 16,113 defined
02 Defence Affairs and Services 1,566,698 1,591,183 1,809,467
021 Defence Services 1,563,000 1,586,884 1,804,000
A01 Employees Related Expenses 607,494 610,984 705,054
A03 Operating Expenses 368,915 380,475 442,232
A09 Physical Assets 411,157 414,621 461,195
A12 Civil Works 175,434 180,803 195,520
025 Defence Administration 3,698 4,300 5,467
03 Public Order and Safety Affairs 209,161 209,178 237,215
031 Law Courts 9,256 9,117 11,708
032 Police & Civil Armed Forces 190,265 193,002 214,055
033 Fire Protection 309 305 338
034 Prison Administration and Operation 44 46 50
035 R&D Public Order and Safety 56 60 60
036 Administration of Public Order 9,231 6,649 11,004
Contd…..Page 19
Current Expenditure on Revenue Account
(Rs in million)
Budget Revised Budget
Function
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
04 Economic Affairs 183,803 311,372 210,835
041 Gen. Eco., Commercial & Labour
Affairs 38,744 101,801 53,038
042 Agri., Food, Irrigation, Forestry &
Fisheries 16,907 16,817 32,704
043 Fuel and Energy 71,926 135,159 51,943
044 Mining and Manufacturing 2,290 2,368 2,884
045 Construction and Transport 30,241 30,782 40,513
046 Communications 20,836 21,615 26,811
047 Other Industries 1,658 1,652 1,741
048 Research & Development Economic Affa 1,201 1,176 1,200
05 Environment Protection 749 660 1,226
053 Pollution Abatement - - 200
Research & Development 054 187 99 300 Environment
055 Administration of Environment
Protection 562 561 726
06 Housing and Community Amenities 7,850 7,367 22,986
061 Housing Development 969 564 1,001
062 Community Development 6,881 6,803 21,985
07 Health 19,582 22,459 24,210
071 Medical Products, Appliances and
Equipments 31 31 32
073 Hospital Services 14,857 15,060 16,567
074 Public Health Services 1,001 4,442 3,110
076 Health Administration 3,692 2,926 4,501
Contd…..Page 20
Current Expenditure on Revenue Account
(Rs in million)
Budget Revised Budget
Function
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
08 Recreation, Culture and Religion 10,990 13,528 16,782
081 Recreational and Sporting Services - - 200
082 Cultural Services 1,215 1,166 1,433
083 Broadcasting and Publishing 8,002 10,629 11,120
084 Religious Affairs 1,210 1,201 1,780
086 Admn. of Information, Recreation &
Culture 563 531 2,249
09 Education Affairs and Services 90,556 91,777 97,098
Pre-Primary and Primary Education
091 Affairs and Services 3,786 3,806 4,468
Secondary Education Affairs and 092 8,863 8,907 10,778 Services
093 Tertiary Education Affairs and Services 74,609 75,341 76,589
094 Education Services Not definable by
Level 140 105 180
095 Subsidiary Services to Education 219 217 346
096 Administration 2,010 2,430 3,698
097 Education Affairs & Services not
Elsewhere Classified 928 970 1,040
10 Social Protection 370,103 436,501 480,309
107 Administration 2,072 20,040 2,892
108 Others 1,411 1,476 2,127
109 Social Protection (Not elsewhere
classified) 366,620 414,985 475,289
a. Current Expenditure on Revenue
Account 8,707,973 10,527,616 13,344,395
Revised Estimates 2022-23 as of 25th May, 2023 based on SAP SystemPage 21
Current Expenditure on Capital Account
(Rs in million)
Budget Revised Budget
Function
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
01 General Public Service 4,036,273 3,419,844 4,608,359
011 Foreign Loans Repayment 3,792,401 2,988,301 4,398,068
011 Repayment of Short Term Foreign Credits 142,772 330,625 46,690
Federal Misc. Investments and Other 011 Loans and Advances by the Fed. Govt. - 1 -
014 Transfers 101,101 100,917 163,601
Federal Misc. Investments and Other
Loans and Advances by the Fed. Govt. 101,101 100,917 163,601
b. Current Expenditure on Capital Account
4,036,273 3,419,844 4,608,359
I. Total Current Expenditure (a+b) 12,744,246 13,947,460 17,927,738Page 22
Development Expenditure on Revenue Account
(Rs in million)
Budget Revised Budget
Function
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
01 General Public Service 232,450 238,703 308,471
011 Executive & Legislative Organs, Financial
& Fiscal Affairs, External Affairs 5,426 19,012 6,382
014 Transfers 204,806 204,376 254,750
015 General Services 11,003 7,632 24,898
016 Basic Research 9,380 6,749 15,963
017 Research & Dev. General Public Services 611 369 341
019 General Public Services not elsewhere
defined 1,225 564 6,136
02 Defence Affairs and Services 3,914 4,044 3,467
021 Defence Division 1,714 1,714 1,343
024 R & D Defence - - 124
025 Defence Administration 2,200 2,330 2,000
03 Public Order and Safety Affairs 4,245 2,463 3,928
031 Law Courts 1,814 1,140 1,400
032 Police and Civil Armed Forces 2,268 1,154 1,736
036 Administration of Public Order 162 169 792
04 Economic Affairs 168,922 124,849 183,399
041 Gen. Eco. Commercial and Labour Affairs 1,569 636 1,297
042 Agri., Food, Irrigation, Forestry &
Fisheries 101,046 97,114 131,761
043 Fuel and Energy 8,509 8,542 6,199
044 Mining and Manufacturing 808 115 1,115
045 Construction and Transport 55,231 15,998 39,144
046 Communications 1,760 2,443 1,807
047 Other Industries - - 22
048 Research & Development Economic
Affairs - - 55
05 Environment Protection 9,600 4,071 4,050
055 Administration of Environment Protection 9,600 4,071 4,050
06 Housing and Community Amenities 4,794 10,590 6,504
062 Community Development 4,794 10,590 5,894
063 Water Supply - - 610
Contd…..Page 23
Development Expenditure on Revenue Account
(Rs in million)
Budget Revised Budget
Function
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
07 Health 12,701 12,110 13,270
073 Hospital Services 6,295 6,058 6,906
074 Public Health Services 2,894 1,960 3,424
076 Health Administration 3,512 4,092 2,941
08 Recreation, Culture and Religion 4,966 2,942 7,881
081 Recreation and Sporting Services 3,472 1,789 6,900
082 Cultural Services 161 3 -
083 Broadcasting and Publishing 1,333 1,151 981
09 Education Affairs and Services 48,327 47,781 82,391
091 Pre-Primary & Primary Edu. Affairs &
Services 9 7 -
092 Secondary Edu. Affairs & Services 7 5 -
093 Tertiary Edu. Affairs & Services 45,779 45,889 73,850
095 Subsidiary Services to Education 746 349 1,196
097 Education Affairs & Services not
Elsewhere Classified 1,786 1,532 7,345
10 Social Protection 1,273 1,654 18,989
107 Administration 750 1,225 18,467
108 Others 23 8 23
109 Social Protection (Not elsewhere
classified) 500 422 500
c. Dev. Exp. on Revenue Account 491,190 449,206 632,350
Revised Estimates 2022-23 as of 7th June, 2023 based on SAP SystemPage 24
Development Expenditure on Capital Account
(Rs in million)
Budget Revised Budget
Function
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
01 General Public Service 508,766 576,922 916,068
014 Transfers 482,486 550,681 889,818
017 Research and Dev. General Public
Services 26,280 26,241 26,250
04 Economic Affairs 23,820 20,429 59,954
Gen. Eco., Commercial and Labour
041 Affairs 300 125 598
043 Fuel and Energy 1,181 461 902
044 Mining and Manufacturing 2,850 2,171 13,000
045 Construction and Transport 16,963 16,145 43,395
046 Communications 2,526 1,528 2,058
06 Housing And Community Amenities - - 272
063 Water Supply - - 272
d. Dev. Expenditure on Capital Account 532,686 597,371 976,294
II. Total Development Expenditure (c+d) 1,023,877 1,046,558 1,608,644
III. Total Exp. (Current+Development) 13,768,123 14,994,017 19,561,397Page 25
CAPITAL EXPENDITURE
The expenditure incurred on repayment of domestic debt receipts is termed as Capital Expenditure.
(Rs in million)
Budget Revised Budget
Object
Description Estimates Estimates Estimates Code
2022-23 2022-23 2023-24
A101 i. Domestic Permanent Debt 2,424,356 2,433,332 3,542,996
Pakistan Investment Bonds (Bank) 1,584,556 2,282,542 2,985,455
Pakistan Investment Bonds (Non
Bank) 832,206 134,220 182,049
Foreign Exchange Bearer Certificates 5 1 5
Foreign Currency Bearer Certificates 5 1 5
US Dollar Bearer Certificates 3 0.10 3
Special US Dollar Bonds 50 40 50
Premium Prize Bonds (Registered) 5,000 14,000 5,000
Ijara Sukuk Bond - - 368,430
Pakistan Banao Certificate (3-years) 2,150 2,294 694
Pakistan Banao Certificate (5-years) 308 - 651
Foreign Assets (D and R) Act, 2018
(FADRA) 73 235 654
Special Drawing Rights Debt (SDRs) - - -
A104 ii. Floating Debt 17,230,011 22,666,271 25,355,043
Prize Bonds 8,219 8,479 8,043
Treasury Bills Through Auction 17,198,000 22,634,000 25,347,000
Bai-Maujjal Ijara Sukuk Bonds 23,792 23,792 -
A10 IV. Total Public Debt Repayment (i+ii) 19,654,368 25,099,603 28,898,040
V. Total - Federal Consolidated Fund
Disbursement (III+IV) 33,422,491 40,093,620 48,459,437Page 26
PUBLIC ACCOUNT EXPENDITURE
National Savings Schemes
The expenditure incurred on repayment of National Savings Schemes is termed as Public Account
Expenditure.
(Rs in million)
Expenditure Revised Expenditure
Object
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
i. G111 Investment Deposit Accounts (Savings
Schemes) 1,209,396 1,908,572 1,707,209
G11101 Savings Bank Accounts 414,100 647,050 669,937
G11103 Khas Deposit Accounts 5 5 5
G11104 Mahana Amadni Accounts 70 110 130
G11106 Defence Savings Certificates 60,671 97,268 96,171
G11108 National Deposit Certificates 1 1 1
G11109 Khaas Deposit Certificates 1 1 1
G11111 Special Savings Certificates
(Registered) 154,892 271,106 134,039
G11112 Special Savings Accounts 214,867 376,079 185,939
G11113 Regular Income Certificate 88,573 216,363 274,689
G11126 Pensionery Benefits 61,521 69,749 71,910
G11127 Behbood Saving Certificate 189,688 210,823 214,368
G11130 Shauhda Welfare Account 7 16 20
New Sarwa Islamic Saving & Term Accounts 5,000 - 40,000
Short Term Savings Certificates (STSC) 20,000 20,000 20,000
ii. G061 Provident Fund 60,440 77,160 77,210
1 Total Expenditure ( i+ii ) 1,269,836 1,985,732 1,784,419
Contd….Page 27
PUBLIC ACCOUNT EXPENDITURE
Deposits and Reserves
Deposits and Reserves represent all monies forming part of the Public Account of the Federation as
per Article 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 resreves 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.
(Rs in million)
Expenditure Revised Expenditure
Object
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
G Deposits and Reserves
FGE Benevolent Funds 1,382 1,351 1,418
G06202 Civil 1,233 1,264 1,328
G06205 Pakistan Post Office Deptt. 88 - -
G06206 Pak PWD 42 54 57
G06209 National Saving 12 24 25
G06210 Pakistan Mint 2 3 3
G06212 Geological Survey of Pakistan 4 6 6
Group Insurance Fund 427 408 429
G06401 PAK PWD 4 5 5
G06404 National Saving 3 6 6
G06405 Pakistan Mint 0.1 0.2 0.2
G06407 Geological Survey of Pakistan 2 2 2
G06409 Civil 415 395 415
G07104 Fed. Govt. Empl. Group Insur.
Fund PPO 3 - -
Defence 2,523 6,176 6,485
G06203 FG Employees Benevolent Fund
(Defence) 2,350 3,231 3,393
G06410 Group Insurance Fund (Defence) 172 160 168
G11224 Deposits Accounts with Defence - 2,785 2,925
Contd.....Page 28
(Rs in million)
Expenditure Revised Expenditure
Object
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
G Deposits and Reserves
Federal Pension Fund 10,000 10,000 10,000
G12803 Federal Pension Fund 10,000 10,000 10,000
Pakistan Post Office Department 30 - 25
G07101 Post Office Renewal Reserve Fund 25 - 25
G07102 Post Office Welfare Fund 5 - -
Pak PWD 48,416 54,623 57,354
G10101 Pak PWD Receipts & Collection 639 825 866 Account
G10113 Pak PWD Deposits 47,777 53,798 56,488
Arts 2,000 - 2,000
Artist Assistance Fund 1,000 - -
Film Finance Fund 1,000 - 1,000
Contd…..Page 29
PUBLIC ACCOUNT EXPENDITURE
Deposits and Reserves
(Rs in million)
Expenditure Revised Expenditure
Object
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
G Deposits and Reserves 42,121 54,402 64,751
Miscellaneous Funds
G06304 Workers Welfare Fund 13,230 15,350 16,117
G06315 Judicial Officers Welfare Fund 0.1 0.1 0.1
G12140 PM Flood relief Fund 2010 0.01 245 258
G12150 PM Relief Fund for IDPs 2014 2,017 1,796 1,886
G12157 PM COVID-19 Pandemic relief
Fund 2020 40 1 2
G12164 PM's Relief Fund Flood,
Earthquake Other Cal. - 8,558 8,986
G12166 PM's Relief Fund for Turkiye &
Syria Earthquake 466 490
G12205 Pakistan Minorities Welfare Fund 62 - -
Special Fund for Welfare & Uplift ofG12206 83 - - Minorities
G12226 Federal Govt. Artists Welfare Fund
(Heritage) 27 12 13
G12305 Export Development Fund 2,934 3,225 7,044
G12308 Reserve Fund for Exch. Risk on - 0.4 0 Foreign Loans
G12412 Pakistan Oil Seed Development
Fund - 76 80
G12419 Reserch & Development Fund 2,000 1,795 3,530
SCP Diamer Bhasha andG12421 - - - Mohmand Dam Fund
G12612 Fund for Urdu Science Board 1 0.6 1
G12712 Trust Interest Fund(Charitable
Endowment) 3 - -
G12738 National Fund for Control of Drug - - - Abuse
G12783 Universal Service Fund 20,000 22,875 24,775
Contd…..Page 30
PUBLIC ACCOUNT EXPENDITURE
Deposits and Reserves
(Rs in million)
Expenditure Revised Expenditure
Object
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
G Deposits and Reserves
Miscellaneous Deposits and Reserves Accounts
Mint Receipt and Collection -G10104 Account - -
G14100 Pakistan Mint 1,570 - 1,570
Other 155 - -
Total Deposits and Reserves 106,898 126,960 141,462
Total Public Account Expenditure 1,376,734 2,112,692 1,925,881Page 31
STATEMENT OF ESTIMATED CHARGED AND VOTED EXPENDITURE
In terms of Article 80(2) of the Constitution of Pakistan, this statement distinguishes charged and
voted expenditure.
(Rs in million)
Budget Revised Budget
Estimates Estimates Estimates
Description
2022-23 2022-23 2023-24
I. Expenditure on Revenue Account 9,199,163 10,976,823 13,976,745
Current 8,707,973 10,527,616 13,344,395
Development 491,190 449,206 632,350
Total-Authorized Expenditure 9,199,163 10,976,823 13,976,745
Charged 7,792,352 5,294,098 7,365,262
Voted 1,406,811 5,682,725 6,611,483
II. Expenditure on Capital Account 24,223,328 29,116,798 34,482,692
Current 23,690,641 28,519,446 33,506,398
Development 532,686 597,351 976,294
Total Authorized Expenditure 24,223,328 29,116,798 34,482,692
Charged 20,094,016 28,715,405 34,001,431
Voted 4,129,312 401,392 481,261
III.
Total Expenditure met from Federal
Consolidated Fund 33,422,491 40,093,620 48,459,437
Current Expenditure 32,398,614 39,047,063 46,850,793
Development Expenditure 1,023,877 1,046,558 1,608,644
IV. Total-Authorized Expenditure 33,422,491 40,093,620 48,459,437
Charged - Total 27,886,368 34,009,503 41,366,693
Voted - Total 5,536,123 6,084,117 7,092,744Page 32
Statement of Purpose
Section 4 of the Public Financial Management Act, 2019 provides that the
Federal Government shall, in respect of every financial year, cause to be laid
before the National Assembly, Annual Budget Statement consistent with
Articles 80 and 81 of theConstitution of the Islamic Republic of Pakistan,
1973, including the statement of purpose and estimates for each demand for
grant.
Pakistan continues to face economic and fiscal challenges for establishing a
solid foundation for recovery and economic growth. Extraneous factors like
continued Ukraine war, high oil and commodity prices and steep international
interest rates pose persistent challenges for FY 2023-24, too. Domestically,
high inflation, low foreign exchange reserves and balance of payment issues
continue to pose policy questions for the economic managers and fiscal policy
makers of the country.
The Annual Budget Statement for FY 2023-24 describes, in a brief form, the
government’s response to the afore-mentioned challenges, in the shape of
substantial pro-poor allocations for marginalized segments of society, austerity
measures curtailing unnecessary government expenditure and investments in
agriculture, industries and IT sectors to cater to the needs of economic
recovery and growth.
The Annual Budget Statement for FY 2023-24 contains estimates for each
demand for grants in respect of debt servicing of domestic and foreign loans
and advances, for expenditure to be incurred on recurrent and development
activities as part of a fiscal consolidation plan to re-vitalize sustainable
economic growth.
IMDAD ULLAH BOSAL
Secretary to the Government of Pakistan
Finance Division,
Islamabad, the 09th June, 2023Page 33
STATEMENT OF DEMANDS FOR GRANTS AND
APPROPRIATIONS FOR EXPENDITURE MET FROM THE
FEDERAL CONSOLIDATED FUND FOR THE FINANCIAL YEAR
COMMENCING ON IST JULY, 2023 AND ENDING ON
30TH JUNE, 2024Page 34
No text layer on this page, see the official PDF.
Page 35
Demand-Wise Expenditure for Budget Estimates 2023-24
(Rs. in million)
Demand Budget Estimates 2023-24
Ministries / Divisions
No. Charged Voted Total
1 AVIATION DIVISION 3,381 3,381
2 AIRPORTS SECURITY FORCE 12,296 12,296
3 CABINET 293 293
4 CABINET DIVISION 2,742 2,742
5 EMERGENCY RELIEF AND REPATRIATION 838 838
6 INTELLIGENCE BUREAU 12,247 12,247
7 ATOMIC ENERGY 16,633 16,633
PAKISTAN NUCLEAR REGULATORY 8 1,644 1,644 AUTHORITY
NAYA PAKISTAN HOUSING DEVELOPMENT 9 1,001 1,001 AUTHORITY
10 PRIME MINISTER'S OFFICE (INTERNAL) 625 625
11 PRIME MINISTER'S OFFICE (PUBLIC) 635 635
NATIONAL DISASTER MANAGEMENT 12 700 700 AUTHORITY
13 BOARD OF INVESTMENT 429 429
PRIME MINISTER'S INSPECTION 14 132 132 COMMISSION
15 SPECIAL TECHNOLOGY ZONE AUTHORITY 1,070 1,070
16 ESTABLISHMENT DIVISION 8,237 8,237
17 FEDERAL PUBLIC SERVICE COMMISSION 1,207 1,207
18 NATIONAL SCHOOL OF PUBLIC POLICY 2,903 2,903
19 CIVIL SERVICES ACADEMY 1,336 1,336
20 NATIONAL SECURITY DIVISION 182 182
COUNCIL OF COMMON INTEREST 21 130 130 (SECRETARIAT)
22 CLIMATE CHANGE & ENV CORD DIVISION 786 786
23 COMMERCE DIVISION 9,260 9,260
24 COMMUNICATIONS DIVISION 252 252
OTHER EXPENDITURE OF 25 30,178 30,178 COMMUNICATIONS DIVISION
26 PAKISTAN POST OFFICE DEPARTMENT 10 20,425 20,435
27 DEFENCE DIVISION 6,355 6,355
FEDERAL GOVERNMENT EDUCATIONAL
28 INSTITUTIONS IN CANTONMENTS AND 12,516 12,516
GARRISONS
29 DEFENCE SERVICES 1,804,000 1,804,000
30 DEFENCE PRODUCTION DIVISION 998 998
31 ECONOMIC AFFAIRS DIVISION 801 801
Contd............Page 36
Demand-Wise Expenditure for Budget Estimates 2023-24
(Rs. in million)
Demand Budget Estimates 2023-24
Ministries / Divisions
No. Charged Voted Total
MISCELLANEOUS EXPENDITURE OF 32 16,424 16,424 ECONOMIC AFFAIRS DIVISION
33 POWER DIVISION 450,566 450,566
34 PETROLEUM DIVISION 51,504 51,504
35 GEOLOGICAL SURVEY OF PAKISTAN 1,288 1,288
FEDERAL EDUCATION AND PROFESSIONAL 36 26,974 26,974 TRAINING DIVISION
37 HIGHER EDUCATION COMMISSION (HEC) 66,300 66,300
NATIONAL REHMATUL -LIL-ALAMEEN WA 38 211 211 KHATAMUN NABIYYIN AUTHORITY
NATIONAL VOCATIONAL & TECHNICAL 39 1,033 1,033 TRAINING COMMISSION (NAVTTC)
NATIONAL HERITAGE AND CULTURE 40 2,647 2,647
DIVISION
41 FINANCE DIVISION 4,233 4,233
OTHER EXPENDITURE OF FINANCE 42 6,185 6,185 DIVISION
43 CONTROLLER GENERAL OF ACCOUNTS 11,879 11,879
SUPERANNUATION ALLOWANCES AND 44 4,017 796,983 801,000 PENSIONS
45 GRANTS SUBSIDIES AND MISCELLLANEOUS 26,400 1,523,513 1,549,913
46 REVENUE DIVISION 76 76
47 FEDERAL BOARD OF REVENUE 40,557 40,557
48 FOREIGN AFFAIRS DIVISION 3,874 3,874
49 FOREIGN MISSIONS 50 43,055 43,105
50 HOUSING AND WORKS DIVISION 7,134 7,134
51 HUMAN RIGHTS DIVISION 2,243 2,243
NATIONAL COMMISSION FOR HUMAN 52 173 173
RIGHTS
53 INDUSTRIES AND PRODUCTION DIVISION 62,182 62,182
FINANCIAL ACTION TASK FORCE (FATF) 54 79 79
SECRETARIAT
INFORMATION AND BROADCASTING 55 4,768 4,768 DIVISION
MISCELLANEOUS EXPENDITURE OF
56 INFORMATION AND BROADCASTING DIVISION 10,260 10,260
INFORMATION TECHNOLOGY AND 57 9,953 9,953 TELECOMMUICATION DIVISION
58 INTERIOR DIVISION 13,240 13,240
59 OTHER EXPENDITURE OF INTERIOR 9,303 9,303
DIVISION
60 ISLAMABAD CAPITAL TERRITORY (ICT) 18,016 18,016
61 COMBINED CIVIL ARMED FORCES 194,701 194,701
NATIONAL COUNTER TERRORISM 62 819 819 AUTHORITY
Contd............Page 37
Demand-Wise Expenditure for Budget Estimates 2023-24
(Rs. in million)
Demand Budget Estimates 2023-24
Ministries / Divisions
No. Charged Voted Total
INTER-PROVINCIAL COORDINATION 63 2,378 2,378 DIVISION
KASHMIR AFFAIRS AND GILGIT BALTISTAN 64 1,351 1,351 DIVISION
65 LAW AND JUSTICE DIVISION 369 7,208 7,577
66 FEDERAL JUDICIAL ACADEMY 290 290
67 FEDERAL SHARIAT COURT 827 827
68 COUNCIL OF ISLAMIC IDEOLOGY 225 225
69 NATIONAL ACCOUNTABILITY BUREAU 6,159 6,159
DISTRICT JUDICIARY, ISLAMABAD CAPITAL 70 1,261 1,261 TERRITORY
71 MARITIME AFFAIRS DIVISION 2,056 2,056
72 NARCOTICS CONTROL DIVISION 5,123 5,123
73 NATIONAL ASSEMBLY 5,000 3,308 8,308
74 THE SENATE 3,282 1,775 5,057
NATIONAL FOOD SECURITY AND 75 12,579 12,579 RESEARCH DIVISION
PAKISTAN AGRICULTURAL RESEARCH 76 8,349 8,349 COUNCIL
NATIONAL HEALTH SERVICES,
77 REGULATIONS AND COORDINATION 23,948 23,948
DIVISION
OVERSEAS PAKISTANIS AND HUMAN 78 3,086 3,086 RESOURCE DEVELOPMENT DIVISION
79 PARLIAMENTARY AFFAIRS DIVISION 705 705
PLANNING, DEVELOPMENT AND SPECIAL 80 8,077 8,077 INITIATIVES DIVISION
POVERTY ALLEVIATION AND SOCIAL 81 3,252 3,252 SAFETY DIVISION
BENAZIR INCOME SUPPORT PROGRAME 82 471,683 471,683 (BISP)
83 PAKISTAN BAIT-UL-MAL 7,675 7,675
84 PRIVATIZATION DIVISION 310 310
85 RAILWAYS DIVISION 55,384 55,384
RELIGIOUS AFFAIRS AND INTER-FAITH 86 1,767 1,767 HARMONY DIVISION
87 SCIENCE AND TECHNOLOGY DIVISION 12,969 12,969
88 STATES AND FRONTIER REGIONS DIVISION 894 894
89 WATER RESOURCES DIVISION 3,589 3,589
FEDERAL MISCELLANEOUS INVESTMENTS 90 163,601 163,601 & OTHER LOANS AND ADVANCES
DEVELOPMENT EXPENDITURE OF 91 5,450 5,450 AVIATION DIVISION
Contd............Page 38
Demand-Wise Expenditure for Budget Estimates 2023-24
(Rs. in million)
Demand Budget Estimates 2023-24
Ministries / Divisions
No. Charged Voted Total
DEVELOPMENT EXPENDITURE OF CABINET 92 90,065 90,065 DIVISION
DEVELOPMENT EXPENDITURE OF BOARD 93 1,115 1,115 OF INVESTMENT
DEVELOPMENT EXPENDITURE OF SPECIAL 94 55 55 TECHNOLOGY ZONES AUTHORITY
DEVELOPMENT EXPENDITURE OF 95 439 439 ESTABLISHMENT DIVISION
DEVELOPMENT EXPENDITURE OF 96 6,900 6,900 SUPARCO
DEVELOPMENT EXP OF CLIMATE CHANGE 97 4,050 4,050 AND ENV. COORDINATION DIVISION
DEVELOPMENT EXPENDITURE OF 98 1,100 1,100 COMMERCE DIVISION
DEVELOPMENT EXPENDITURE 99 12,021 12,021 COMMUNICATION DIVISION
DEVELOPMENT EXPENDITURE OF 100 3,400 3,400 DEFENCE DIVISION
DEVELOPMENT EXPENDITURE OF 101 2,000 2,000 DEFENCE PRODUCTION DIVISION
DEVELOPMENT EXPENDITURE OF POWER 102 5,839 5,839 DIVISION
DEVELOPMENT EXPENDITURE OF FEDERAL 103 10,428 10,428 EDUCATION & PR. TR. DIVISION
DEVELOPMENT EXPENDITURE OF HIGHER 104 69,700 69,700 EDUCATION COMMISSION
DEVELOPMENT EXPENDITURE OF
105 NATIONAL VOCATIONAL & TECHICAL 8,072 8,072
TRAINING COMMISSION (NAVTTC)
DEVELOPMENT EXPENDITURE OF 106 540 540 NATIONAL HERITAGE & CULTURE DIVISION
DEVELOPMENT EXPENDITURE OF FINANCE 107 3,220 3,220 DIVISION
108 OTHER DEVELOPMENT EXPENDITURE 164,750 164,750
DEVELOPMENT EXPENDITURE OF 109 3,200 3,200 REVENUE DIVISION
DEVELOPMENT EXPENDITURE OF HUMAN 110 5,814 5,814 RIGHTS DIVISION
DEVELOPMENT EXPENDITURE OF 111 981 981 INFORMATION & BROADCASTING DIVISION
DEVELOPMENT EXPENDITURE
112 INFORMATION TECHNOLOGY & 11,000 11,000
TELECOMMUNICATION DIVISION
Contd............Page 39
Demand-Wise Expenditure for Budget Estimates 2023-24
(Rs. in million)
Demand Budget Estimates 2023-24
Ministries / Divisions
No. Charged Voted Total
DEVELOPMENT EXPENDITURE OF 113 9,950 9,950 INTERIOR DIVISION
DEVELOPMENT EXPENDITURE OF 114 6,900 6,900 INTERPROVINCIAL COORDINATION
DEVELOPMENT EXPENDITURE OF LAW & 115 1,400 1,400 JUSTICE DIVISION
DEVELOPMENT EXPENDITURE OF 116 150 150 NORCOTICS CONTROL DIVISION
DEVELOPMENT EXPENDITURE OF
117 NATIONAL FOOD SECURITY AND 43,850 43,850
RESEARCH DIVISION
DEVELOPMENT EXPENDITURE OF
118 NATIONAL HEALTH SERVICES, 13,100 13,100
REGULATION AND COORD. DIVISION
DEVELOPMENT EXPENDITURE OF
119 PLANNING, DEVELOPMENT AND SPECIAL 29,897 29,897
INITIATIVES DIVISION
DEVELOPMENT EXPENDITURE OF 120 500 500 POVERTY ALLEVIATION DIVISION
DEVELOPMENT EXPENDITURE OF SCIENCE 121 8,000 8,000 & TECHNOLOGY DIVISION
DEVELOPMENT EXPENIDTURE OF STATES 122 964 964 AND FRONTIER REGIONS DIVISION
DEVELOPMENT EXPENDITURE OF WATER 123 107,500 107,500 RESOURCES DIVISION
CAPITAL OUTLAY ON DEVELOPMENT OF 124 26,100 26,100 ATOMIC ENERGY
CAPITAL OUTLAY ON DEVELOPMENT OF
125 PAKISTAN NUCLEAR REGULATORY 150 150
AUTHORITY
126 CAPITAL OUTLAY ON PETROLEUM DIVISION 1,500 1,500
CAPITAL OUTLAY ON FEDERAL 127 255 255 INVESTMENTS
DEVELOPMENT LOANS AND ADVANCES BY 128 157,314 157,314 THE FEDERAL GOVERNMENT
EXTERNAL DEVELOPMENT LOANS AND 129 658,644 41,879 700,523 ADVANCES BY THE FEDERAL GOVERNMENT
130 CAPITAL OUTLAY ON CIVIL WORKS 41,881 41,881
CAPITAL OUTLAY ON INDUSTRIAL 131 13,000 13,000 DEVELOPMENT
CAPITAL OUTLAY ON MARITIME AFFAIRS 132 2,572 2,572 DIVISION
133 CAPITAL OUTLAY ON RAILWAY DIVISION 33,000 33,000
STAFF HOUSEHOLD & ALLOWANCES OF
597 597 THE PRESIDENT(PUBLIC)
Contd...Page 40
Demand-Wise Expenditure for Budget Estimates 2023-24
(Rs. in million)
Demand Budget Estimates 2023-24
Ministries / Divisions
No. Charged Voted Total
STAFF HOUSEHOLD & ALLOWANCES OF
812 812 THE PRESIDENT(PERSONAL)
AUDIT 7,561 7,561
SERVICING OF DOMESTIC DEBT 6,430,305 6,430,305
REPAYMENT OF DOMESTIC DEBT 28,898,040 28,898,040
SERVICING OF FOREIGN DEBT 872,219 872,219
FOREIGN LOANS REPAYMENT 4,398,068 4,398,068
REPAYMENT OF SHORT TERM FOREIGN
46,690 46,690 CREDITS
SUPREME COURT 3,555 3,555
ISLAMABAD HIGH COURT 1,543 1,543
ELECTION 7,786 7,786
FEDERAL OMBUDSMAN SECRETARIAT FOR
PROTECTION AGAINST HARRASMENT OF 115 115
WOMEN AT WORK PLACE
WAFAQI MOHTASIB 1,250 1,250
FEDERAL TAX OMBUDSMAN 391 391
TOTAL 41,366,703 7,092,734 48,459,437Page 41
STATEMENT OF OBJECT CLASSIFICATION WISE EXPENDITURE
Rs. In million
Budget Revised Budget
Object
Description Estimates Estimates Estimates
Code
2022-23 2022-23 2023-24
A01 Total Employees Related Expenses 954,060 960,284 1,168,366
A011 Pay 147,526 176,611 215,488
A011-1 Pay of Officer 50,721 57,895 71,148
A011-2 Pay of Other Staff 96,805 118,716 144,340
A012 Allowances 806,534 783,673 952,878
A012-1 Regular Allowances 783,697 758,531 916,420
A012-2 Other Allowances (Excluding TA) 22,838 25,141 36,458
A02 Project Pre-investment Analysis 3,935 1,746 3,713
A03 Operating Expenses 971,094 1,040,017 1,209,396
A04 Employees Retirement Benefits 617,278 617,504 806,075
A05 Grants, Subsidies & Write off Loans 2,056,072 2,006,315 2,764,835
A06 Transfers 11,910 30,218 13,279
A07 Interest Payment 3,950,072 5,526,704 7,302,534
A08 Loans and Advances 511,583 586,293 923,916
A09 Physical Assets 451,423 444,329 497,421
A10 Principal Repayments of loans 23,589,550 28,418,538 33,342,817
A11 Investments 81,498 217,623 141,434
A12 Civil Works 213,360 235,494 272,792
A13 Repairs and Maintenance 10,656 8,555 12,860
TOTAL EXPENDITURE 33,422,491 40,093,620 48,459,437Page 42
STATEMENT OF CONTINGENT LIABILITIES
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 favorable terms and in some cases allows to fulfil the requirement
where sovereign guarantee is a precondition 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 FY23, the government remained within the
FRDL Act limit for issuance of new/rollover of GoP Guarantees which stood
at 0.2% of GDP. Total executed guarantees were Rs 3,860 billion while
outstanding stock was Rs 3,460 billion at end March2023as per the following
details:
Table-1: Summary of Outstanding Government Guarantees
(All figures are Rs in billion unless otherwise stated)
Total Outstanding
Guarantees Guarantees
Domestic 1,579 1,771
External 1,881 2,089
Total 3,460 3,860
Memo:
External (US$ in million) 6,629 7,360
Exchange Rate (Pak Rupee/US Dollar) 284 284Page 43
4. Sector-Wise, Entity Wise and interest rate wise share of the
guarantees at end March 2023are as follows:
Table 2: Outstanding Position of GoP Guarantees
Rsin billion % Age
Sector Wise Breakup
Total Outstanding Stock 3,460 100%
- Power Sector 2,541 73%
- Aviation 244 7%
- Manufacturing& Mining 66 2%
- Financial 46 1%
- Oil & Gas 35 1%
- Others 528 15%
Entity Wise Breakup
Total Outstanding Stock 3,460 100%
- PHL 765 22%
- PAEC 1,458 42%
- PIACL 244 7%
- Sindh Engro 89 3%
- NTDC 58 2%
- Others 845 24%
Interest Rate Type
Total Outstanding Stock 3,460 100%
- Floating Rate 1,641 47%
- Fixed Rate 1,818 52%
Note: The original maturities of major portion of Guaranteed Debt Stock were 5
years and abovePage 44
5. Guarantees issued against commodity operations are not
included in the stipulated limit of 2 percent of GDP as the loans are secured
against the underlying commodity and are essentially self-liquidating. These
guarantees are issued against the commodity financing operations undertaken
by TCP, PASSCO, and provincial governments. The outstanding stock of
commodity operations was Rs 1,112 billion at end March 2023.
6. The estimates of guarantees to be issued from April 2023 till
June 2024 are as follows:
Table 3: Estimated Guarantees Issuance and Position (Q4 FY 23 and FY 24)
(Rs in billion)
A Opening Guaranteed Debt Position (31-03-2023) 3,860
B New Guarantees to be Issued (Q4 FY 23 & FY 24) 598
- GOB / GHPL 208
- Public Private Partnership (PPP) 110
- National Transmission and Despatch Company
100
(NTDC)
- Exim Bank 10
- Misc/Contingencies 25
Others 145
Estimated Repayments against Existing Guaranteed
C 310
Loans
D=B-C Net Issuance of Guarantees (Q4 FY 23 & FY24) 288
Estimated Closing Guaranteed Debt Position (30-06-
A+D 4,148
2024)
Note
(i) Rollover/refinancing against existing allocated limits to PSEs is not included
in the above information;
(ii) External guarantees are converted into PKR at exchange rate of 290/USD as
applicable for budget FY 24
(iii) The estimates are developed based on requests received so far from different
PSEs and issuing wings during the ongoing Fiscal Year
(iv). The guarantees of which LoCs have already been issued before March 2023
are incorporated in Opening Guaranteed Debt Position as at End March 2023Page 45
Statement of Fiscal Risks
The Statement of Fiscal Risks for FY2023-24 is prepared in compliance with
Section 4, Sub-Section 3 (b) of the Public Finance Management Act, 2019,
which states that the Annual Budget Statement shall also contain a statement
of fiscal risks.
Fiscal risks are risks that may lead to deviations in fiscal forecasts presented in
the Medium-Term Budgetary Statement, as defined in section 5 of Fiscal
Responsibility and Debt Limitation (FRDL) Act 2005. This Statement applies
the principle of ‘reasonableness’, which means that only those fiscal risks that
have a reasonable chance of materializing over the medium-term are included.
The key factors of fiscal risk are summarized as under:
1. MACROECONOMIC RISKS
The global economy has entered 2023 with significant challenges, that is,
persistent supply chain issues, inflationary pressures, prolonged Russia-
Ukraine war, and catastrophic disasters (earthquakes and climatic issues).
According to IMF estimates, the global growth is projected to fall from an
estimated 3.4 percent in 2022 to 2.8 percent in 2023, then rise to 3.0 percent in
the following year. As such, the forecast for 2023 is below the historical
(2000-2019) average of 3.8 percent. The rise in central bank’s rates to fight
inflation and Russia-Ukraine war continue to weigh on economic activity. The
recent reopening of China has paved the way for the expected recovery.
Global inflation is expected to remain around 7.0 percent in 2023 and 4.9
percent in 2024, still above pre-pandemic (2017-2019) levels of about 3.5
percent. This situation in the major economies has impacted many developing
economies including Pakistan.
2. PUBLIC DEBT AND GUARANTEES
Total public debt (TPD) is a measure of government indebtedness. Under the
FRDL Act, 2005, "Total Public Debt" means debt of the government
(including the Federal Government and the Provincial Governments) serviced
out of the consolidated fund and debt owed to the IMF.
Over the last five years, Total Public Debt of the Government has exceeded
the prescribed limit of 60 percent of GDP under the FRDL Act. This is
primarily due to consistent fiscal deficits, averaging 6 percent of GDP since
2010, which have led to a rapid build-up of debt. TPD can increase due to bothPage 46
budgetary and non-budgetary factors, such as unfavorable movements in
interest and exchange rates and the realization of contingent liabilities.
3. STATE OWNED ENTERPRISES RISKS
Pakistan’s state-owned enterprises (SOEs) provide a wide range of essential
goods and services, and thus play a critical role in Pakistan’s socio-economic
development. Given multivariate financial flows between the Government of
Pakistan and its SOEs, their ongoing financial and operational performance is
a considerable source of fiscal risk.
4. CLIMATE AND NATURAL DISASTER RISKS
Pakistan’s 2021 Nationally Determined Contributions (NDC) has set a
conditional target of an overall 50percent reduction of emissions between
2015 and 2030 relative to business-as-usual scenario, with a 15 percent
reduction using the country’s own resources, and an additional 35 percent
subject to international financial support. Furthermore, quantitative targets are
set for energy (by 2030, 60 percent of all energy will be from renewable
resources including hydropower) and transport (by 2030, 30 percent of all new
vehicles sold will be electric vehicles). The Government has also placed a
moratorium on new coal plants and no generation of power through imported
coal will be allowed. Similarly, Pakistan also has announced the National
Adaptation Plan in 2022, which is expected to be released later this year, for
mainstreaming medium and long-term climate change concerns into national
policies, strategies, and programs.
5. PUBLIC PRIVATE PARTNERSHIP RISKS
To institutionalize PPPs in Pakistan, the Government established the Public
Private Partnership Authority (P3A) through the PPPA Act of 2017 (amended
2022). The Authority operates under the supervision of the Ministry of
Planning, Development and Special Initiatives and has mandates, including
regulating PPP transactions, helping federal implementing agencies in
developing and procuring infrastructure projects through private sector
investment, and approving PPP transactions that offer funding solutions to the
public sector.
The P3A is responsible for ensuring that "qualified projects" are aligned with
national and sectoral strategies, conducting value-for-money analysis for
qualified projects, appraising and assessing project risks, evaluating funding
requirements, advising and supporting implementing agencies at all stages ofPage 47
the project cycle, standardizing contractual provisions, developing sector- specific provisions and templates, analyzing and assessing financial models, and collaborating with international agencies. The Public Private Partnership Working Party (P3WP) has responsibilities such as approving project concept proposals and project qualification proposals submitted by the implementing agencies to P3A. The Act also outlines the necessary approvals for qualified projects, which must be obtained before the PPP agreement is executed by the implementing agency and the concessionaire. These approvals include those from the P3WP for the project qualification proposal, the RMU for fiscal analysis, the Board of the Authority for the project proposal, and the Executive Committee of the National Economic Council for projects meeting certain criteria, in addition to any other prescribed approvals.
Page 48
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 statement providing the detail of tax
expenditure in FY 2023-24 which involves tax expenditure in sales tax of Rs.
1,294.04 billion, a tax expenditure in income tax of Rs. 423.89 billion, and tax
expenditure in Customs Duty of Rs. 521.70 billion, arriving at a total
estimated tax expenditure of Rs. 2,239.63 billion is being laid before the
Parliament.
(Asim Ahmad)
Chairman FBR
Dated: 09-06-2023Page 49
Medium-Term Budgetary Statement
(2023-24 to 2025-26)
Section 5 of the Fiscal Responsibility & Debt Limitation Act,
2005requires the Federal Government to include a 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.
2. FY2022-23 witnessed significant external and domestic events
which impacted the economic outlook. The floods of 2022 left a trail of
widespread devastation, with losses to infrastructure, agriculture and
livelihoods. On the global front, the war in Ukraine disrupted supply chains
and surged fuel prices, already high in post-pandemic recovery phase.
Resultant inflationary pressures and a high policy rate environment pushed the
Government’s borrowing costs to levels that were difficult to sustain. Trust
deficit with major lenders added to the economic difficulties as external
inflows remained below projections.
3. Major challenge for the Government was to provide relief to the
poor and vulnerable segments of the society. With such economic backdrop,
this was a daunting task. The Government, however, resolved to take this
challenge head on at the cost of its political capital. Rebuilding the very
foundation of Pakistan’s economy over short to medium- term with renewed
focus on agriculture, IT and industrial sectors are key to improving
competitiveness and creating job opportunities. Strengthening social safety
nets is the primary objective in these testing times.
4. Increasing revenues over medium-term is critical to meet
burgeoning expenditures. The Government is, therefore, gearing up its efforts
to optimize tax collection, while ensuring that taxpayers’ facilitation andPage 50
business friendly policies remain a bedrock of tax policy and administrative measures. Increased use of IT based solutions at FBR level will not only facilitate taxpayers but also help in broadening the tax net. Tax distortions are being rationalizing, laws and regulations simplified to ensure better compliance levels. Similarly, realizing the importance of non-tax revenues, the Government is exploring all avenues to increase inflows and collecting entities are being sensitized to renew their efforts. 5. On the expenditure side, the Government is ensuring rationalization of non-essential spending with austerity measures in place. Cognizance of improved financial management and discipline over medium- term will ensure that the Government is able to strike a balance between providing relief to the common man and meet other essential expenditures. Considerable allocations are being made to protect the vulnerable through targeted programs of BISP. Similarly, substantial allocations are being made for provision of subsidized essential food items at Utility Stores. The development portfolio of the Government is also being protected and rationalized to ensure that public funds are utilized to generate economic activity, enhance productivity and create job opportunities.
Page 51
Green Budget Statement
Pakistan is one of the most vulnerable countries in the world to
climate change risks. The Global Climate Risk Index 2021 ranks Pakistan as
the eight most vulnerable country susceptible to negative effects of climate
change. In view of this challenge, effective measures for climate change
mitigation and adaptions are key to sustainable development. Finance
Division’s initiative of green-budget tagging is a step towards identifying
budgetary allocations which are ‘climate sensitive’, thereby allowing policy
makers to have better visibility of expenditures directed towards climate
change mitigation. International best practices recommend implementing
these strategies through the public finance management cycle, an important
component of which is the budget formulation itself starting from the very
first step of the Budget Call Circular. This approach is essential for tracking
and monitoring climate related expenditures. For FY2023-24, a dual approach
is being adopted, whereby climate sensitive cost centers in each demand are
be identified and tagged in the SAP system while medium-terms goals,
objectives and KPIs on climate change are being identified for development
budget through the Performance-Based Budgeting (Green Book). It is hoped
that this exercise will lend support to the Government’s strategy for climate
change risks mitigation and adaption.Page 52
Gender Budget Statement
For FY2023-24, a major initiative of Finance Division is gender
responsive budgeting. This is in line with the Constitution of the Islamic
Republic of Pakistan which enshrines provision of equal rights and equal
treatment to all citizens without any gender discrimination. The objective is to
segregate gender-wise expenditures both in current and development budgets,
thereby allowing policy makers to have a better handle on gender responsive
policies and strategies. This will also support incorporating gender-related
objectives in fiscal policies and their implementation. As a first step, ‘gender
sensitive’ heads of expenditures in current budget are being identified and
tagged in the SAP system. On the development side, goals, objectives and
KPIs related to gender are being identified through Performance-Based
Budgeting (Green Book). Such tagging will help in tracking, monitoring and
reporting gender sensitive expenditures. Going forward, the gender responsive
goals and objectives of the Government laid out in multi-year and annual
development plans on SDG-5 and other cross-cutting themes like labor, youth,
health, education and poverty alleviation can be supported through this tool.Page 53
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 (2023-24) 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.Page 54
Government of Pakistan
Finance Division
STATEMENT OF RESPONSIBILITY
Stated that all policy decisions with material economic or fiscal
implications that the Federal Government has made before 09th June 2023, 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 statement to the best of my knowledge provides for
a) the integrity of the disclosures contained in the economic
policy statement;
b) the consistency with requirements of the Act of the
information contained in the economic policy statements;
and
c) the omission from the economic policy statement of any
decision or circumstance specified in sub-section (3) of
section 8 of the Act.
(Senator Mohammad Ishaq Dar)
Minister for Finance and RevenuePage 55
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 09th June 2023,
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
Finance Division,
Islamabad, the 09th June, 2023