Post Budget 2021-22 (Facts & Figures)

Pakistan: Budget For The FY 2021-22 (Rs. in Billion)
Resources Expenditure
Tax Revenue (FBR) 5,829 A. Current 7,523
Interest Payments 3,060
Non-Tax Revenue 2,080 Pension 480
Defence Services 1,370
a) Gross Revenue Receipts 7,909 Grants and Transfers toProvinces & Others 1,168
b) Less Provincial Share 3,412 Subsidies 682
I. Net Revenue Receipts (a-b) 4,497 Running of Civil Govt. 479
II. Non Bank Borrowing (NSSs & Others) 1,241 Provision for Contingencies & Fund 25
III. Net External Receipts 1,246 Provision for Disaster / Emergency/ Covid 100
IV. Estimated Provincial Surplus 570 Provision for Pay & Pension 160
V. Bank Borrowing (T-Bills, PIBs, Sukuk) 681 B. Development 964
VI. Privatization Proceeds 252 Federal PSDP 900
Net Lending 64
TOTAL RESOURCES (I to VI) 8,487 TOTAL EXPENDITURE (A+B) 8,487
Pakistan: Fiscal Deficit & Financing Of Budget 2021-22 (Rs. in Billion)
Fiscal Deficit Financing
A) Federal Revenue (Net) 4,497 A) Net External Financing 1,246
B) Total Federal Expenditure (i+ii) 8,487 Multilateral & Bilateral Sources 369
Commercial Sources 877
i) Current Expenditure 7,523
ii) Development and NetLending (a+b) 964
B) Net Domestic Financing 2,492
National Saving Schemes and Others 74
a) Federal PSDP 900
b) Net Lending 64 Bank (Govt. Securities) 2,417
C) Privatization Proceeds 252
C) Federal Deficit (A-B) -3,990 Total Financing (A+B+C) 3,990
Pakistan: Budget Estimates Of Fy 2021-22 (Rs. in Billion)
Budget 2020-21 Budget 2021-22
Revenue Receipt (FBR) 4,963 5,829
Non Tax Revenue 1,610 2,080
Gross Revenue (FBR+NTR) 6,573 7,909
Less: Transfer to Provinces (-) -2,874 -3,412
Net Revenue for Federal Government 3,700 4,497
Expenditure 7,137 8,487
Federal Budget Deficit -3,437 -3,990
Provincial Surplus 242 570
Overall Budget Deficit -3,195 -3,420
Overall Fiscal Deficit as %GDP -7.00% -6.30%
Primary Deficit -249 -360
Primary Deficit as %GDP -0.50% -0.70%
Nominal GDP 45,567 53,867
Pakistan: Divisible Pool Taxes (Rs in Million)
Classification Budget 2020-21 Budget 2021-22
A. DIVISIBLE POOL TAXES 2,817,212 3,310,489
Income Tax 1,156,193 1,232,877
Capital Value Tax 1,744 322
Sales Tax (Excl. GST on Services) 1,098,916 1,435,588
Federal Excise (excl. Excise Duty on Natural Gas) 198,403 197,285
Customs Duties (excl. Export Development Surcharge) 361,957 444,416
B. STRAIGHT TRANSFERS 106,506 101,370
Gas Development Surcharge 15,867 16,468
Royalty on Natural Gas 52,736 51,564
Royalty on Crude Oil 23,199 21,604
Excise Duty on Natural Gas 14,705 11,733
TOTAL (A + B): 2,923,719 3,411,858
Tax Refund 50,000
AFTER TAX REFUND 2,873,719 3,411,858
PROVINCE- WISE SHARE
Punjab 1,439,116 1,691,098
Sindh 742,030 848,208
Khyber Pakhtunkhwa 477,519 559,257
Balochistan 265,054 313,296
Tax Refund -50,000
TOTAL PROVINCIAL SHARE 2,873,719 3,411,858

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