The Federal budget 2017–18 was the federal budget of Pakistan for the fiscal year beginning from 1 July 2017 and ending on 30 June 2018.[1]
| Presented | 26 May 2017 |
|---|---|
| Parliament | National Assembly of Pakistan |
| Party | Pakistan Muslim League (N) |
| Finance minister | Ishaq Dar |
| Treasurer | Ministry of Finance |
| Total expenditures | Rs. 475,000 Crores |
| Deficit | 4.00 |
| Website | Budget speech 2017-18 |
|
‹ 2016–17 | |
It was presented by Finance Minister Ishaq Dar on 26 May 2017 at the National Assembly with a total outlay of ₨. 4.75 tn. This is the fifth federal budget submitted during the tenure of Prime Minister Nawaz Sharif and his cabinet.[2]
The budget was presented following a protest of the Pakistan Kissan Ittehad, demanding subsidies on fertilisers and electricity bills, at D-Chowk in Islamabad.[3]
The budget proposed a 10.0% increase in the salaries and pensions of federal government employees and an increase in the minimum monthly wage from ₨. 14,000 to ₨. 15,000. The allocation made for Benazir Income Support Programme stood at ₨.121 billion for 5.5 million beneficiaries.[4] The defence expenditure of ₨.920.2 billion (or 19.36% of total budget outlay) which was around 7% higher than it was in the outgoing year was set aside.[5]
Budget edit
| Original (Rs Billions) | Revised (Rs Billions) | |
|---|---|---|
| Mark-up Payment | 1363 | 1526.2 |
| Development | 1340.1 | 1062.8 |
| Defence Affairs and Services | 920.2 | 999.2 |
| Grants and Transfers to Provinces / Others | 430.2 | 461.6 |
| Foreign Loans Repayment | 286.6 | 428.1 |
| Running of Civil Government | 376.8 | 402 |
| Pension (Military and Civil) | 248 | 333.4 |
| Subsidies | 138.8 | 147.6 |
| Total Expenditure | 5103.8 | 5361 |
References edit
- ^ "Dar unveils Budget 2017-18 with Rs4.75 trillion outlay". Express Tribune. 26 May 2017. Retrieved 29 May 2017.
- ^ Rao, Hamza (26 May 2017). "Budget 2017-18: Full budget brief for Parliamentarians". Daily Pakistan. Retrieved 29 May 2017.
- ^ Qarar, Shakeel (26 May 2017). "Police fire water cannon to disperse protesting farmers in Islamabad". Dawn. Associated Press. Retrieved 29 May 2017.
- ^ "PML-N government unveils Federal Budget 2017-18 with ₨.4.75tr outlay". Dawn. 26 May 2017. Retrieved 29 May 2017.
- ^ "Defence budget set at ₨.920.2bn for FY2017-18". Dawn. 27 May 2017. Retrieved 29 May 2017.
- ^ "Budget in Brief 2018-19" (PDF). Ministry of Finance | Government of Pakistan.