SALIENT FEATURES OF BUDGET 2016-17

Following are the salient features of the budget 2016-17, announced by the Minister for Finance and Economic Affairs Senator Muhammad Ishaq Dar here on Friday.

--The total outlay of the budget 2016-17 is Rs 4,894.9 billion.

--It is 10 percent higher than the previous budget of 2015-16.

--The resources availability during 2016-17 has been estimated at Rs 4,442.0 billion against Rs 4,168.3 billion in the budget of 2015-16.

--The net revenue receipt for 2016-17 has been estimated at Rs 2,779.7 billion indicating an increase of 12.8 percent over the budget estimates of 2015-16.

--The provisional share in federal taxes is estimated at Rs 2,135.9 billion, during 2016-17, which is 15.5 percent higher than the budget estimates for 2015-16.

--The net capital receipts for 2016-17 have been estimated as Rs 453.6 billion against the budget estimates of Rs 606.3 billion in 2015-16 i.e a decline of 25.2 percent.

--The external receipts in 2016-17 are estimated at Rs 819.6 billion.

--This shows an increase of 9.1 percent over the budget estimates for 2015-16.

--The overall expenditure during 2016-17 has been estimated at Rs 4,894.9 billion out of which the current expenditure is Rs 3844.0 billion and development expenditure is Rs 1,050.9 billion.

--The share of current and development expenditure in total budgetary outlay for 2016-17 is 78.5 percent and 21.5 percent respectively.

--The expenditure on general public service is estimated at Rs 2,707.2 billion which is 70.4 percent of the current expenditure.

--The development expenditure outside PSDP has been estimated at Rs 156.6 billion in the current budget.

Source : http://www.brecorder.com & APP(Associated Press of Pakistan)