4.1 FEDERAL GOVERNMENT REVENUE RECEIPTS

4.1 FEDERAL GOVERNMENT REVENUE RECEIPTS 10.1 Federal Government Revenue Receipts (Million Rupees) R BRB 2003-04 2004-05 2005-06 2005-06 2006-07 2002-03HEAD 1. REVENUE RECEIPTS (II+III+IV) 875,306 927,400 1,022,704 1,082,810 701,576 760,983 I. Total Taxe Revenue (II+III) 626,289 732,638 715,712 840,923 525,782 580,108 II. Taxes Revenues-CBR ( i+ii ) 458,900 510,000 590,000 690,000 704,000 828,500 (i) Direct Taxes 145,000 161,500 182,700 215,400 225,000 261,700 (a) Taxes on Income 138,800 154,638 175,400 205,900 215,500 257,800 (b) Wealth Tax - - - - - - (c) Workers Welfare Tax 5,600 6,262 5,000 5,500 5,500 1,000 (d) Capital Value Tax 600 600 2,300 4,000 4,000 2,900 (ii) Indirect Taxes: 313,900 348,500 407,300 474,600 479,000 566,800 (a) Customs 69,600 86,600 113,900 121,200 136,000 157,100 (b) Central Excise 46,500 43,500 54,400 59,400 56,500 68,100 (c) Sales Tax 197,800 218,400 239,000 294,000 286,500 341,600 III. Tax Revenue (Other than CBR) 66,882 70,108 36,289 42,638 11,712 12,423 (a) Petroleum 45,835 46,400 10,872 15,936 - - (b) Natural Gas 21,047 14,226 14,733 16,618 - - (c) Other - 9,482 10,684 10,084 11,712 12,423 IV. Non-Tax Revenue: 175,794 180,875 194,762 306,992 241,887 249,017 (a) Property & Enterprises 82,512 101,361 136,593 120,383 119,937 115,187 (b) Civil Administration 65,961 45,312 73,963 33,080 95,809 53,575 (c) Miscellaneous 27,321 34,202 38,461 41,299 91,247 73,125 2. Less Transfers to Provinces: 192,819 211,412 245,296 284,319 301,383 378,260 (i) Taxes on Income 48,927 54,510 61,829 72,580 75,964 100,568 (ii) Sales Tax 65,158 76,914 84,111 103,633 100,705 132,944 (iii) Excise Duty & Royalty on Natural Gas 12667 14,651 17,743 19,635 22,389 26,012 (iv) Royalty on Crude Oil 4,060 3,883 5,476 5,418 8,830 9,154 (v) Surcharges on Gas 14,973 13,941 14,439 16,286 21,813 17,711 (vi) Custom Duties 24,795 30,851 40,577 43,178 48,450 61,937 (vii) Wealth Tax - - - - - - (viii) Capital Value Tax 214 214 819 1,425 1,425 1,143 (ix) Federal Excise (Net of Gas) 15,034 13,997 17,460 19,126 18,064 24,486 (x) G.S.T ( Provincial ) 2,646 2,450 2,842 3,038 3,743 4,305 (xi) G.S.T ( CE Mode ) 4,346 - - - - - REVENUE RECEIPTS (NET) (1-2) 508,757 549,571 630,010 643,081 721,321 704,550 R Revised Estimates, Source: Annual Budget Statement Government of Pakistan B Budget Estimates 224 10.2 Federal Government Expenditure (Million Rupees) RBRB2002-03 2003-04 2004-05 2005-06 2005-06 2006-07 HEAD I. REVENUE EXPENDITURE (A+B) 709,182 773,165 866,771 961,095 1,072,221,115,933 7 A. CURRENT EXPENDITURE: 673,312 714,019 784,680 826,503 918,789 879,779 a. General Public Service - 448,430 468,974 503,114 563,673 504,288 b. Defense Affairs and Services 160,139 180,537 216,258 223,501 241,062 250,182 c. Public Order and Safety Affairs - 14,048 17,546 18,721 20,362 22,463 d. Economic Affairs - 54,758 62,172 56,449 67,572 74,663 e. Environment Protection - 132 136 147 147 167 f. Housing and Community Amenities - 926 866 863 891 1,040 g. Health Services - 2,809 3,280 4,128 4,361 4,728 h. Recreation, Culture and Religion - 2,003 2,245 2,309 2,442 2,741 i. Education Affairs and Services - 9,640 12,340 16,648 16,747 18,778 j. Social Protection - 737 863 623 1,533 728 (i) Debt Servicing 257,434 317,723* 274,717* 301,354* - - (ii) General Administration 55,141 - -- - -- - (iii) Grants and Subventions 55,594 - -- - - - (iv) Social Services 13,625 - -- - - - (v) Law and Order 11,651 - --- - - - (vi) Community Services 8,138 - - - - - (vii) Subsidies 49,780 - - - - - (viii) Economic Services 4,076 - - - - - (ix) Unallocable 57,734 - - - - - B. DEVELOPMENT EXPENDITURE 35,870 59,146 82,091 134,593 153,434 236,158 II. CAPITAL DISBURSEMENTS (A+B) 151,999 125,348 119,672 132,550 124,140 137,822 A. CURRENT EXPENDITURE: 84,907 64,964 52,739 36,143 38,519 24,602 (i) Economic Affairs 1 12 22 21 10 10 (ii) Public Service (1+2+3+4) 84,907 64,952 52,716 36,123 38,509 24,592 1. Repayment of Short Term Credit 17,798 17,759 1,466 25,417 21,809 11,227 2. Government Investment 32,745 40,775 44,021 1,765 8,566 4,387 3. Loans and Advances 34,345 6,418 7,229 8,941 8,134 8,978 4. Unallocable 20 - - - - - B. DEVELOPMENT EXPENDITURE: 67,091 60,384 66,9336 96,407 85,621 113,220 (i) Public Service 1,125 610 4,191 5,950 8,256 10,352 (ii) Economic Affairs 3,878 4,287 5,321 6,883 4,346 4,260 (iii) Transfers 56,575 55,487 57,420 83,574 73,020 98,609 (vi) Block allocation for late NIS 5,512 - - - - - III ESTIMATED OPERATIONAL SHORT - - - FALL /OTHER ADJUSTMENT INPSDP - - 14,563 TOTAL EXPENDITURE (I+II) 1,196,361,253,751,093,645 861,181 898,513 1,001,006 4 8 R Revised Estimates Source: Annual Budget Statement, Government of Pakistan B Budget Estimates * Included in General Public Service under current expenditure on revenue account 225 Note: The Federal budget for FY05 has been prepared according to new accounting model that is different from the previous system. The exact correspondence between historical data available on old classification system and estimates developed on the new system is not technically feasible. 226 10.3 Financing of the Federal Government Expenditure (Million Rupees) RBRB 2005-06 2005-06 2006-07 2002-03 2003-04 2004-05 HEAD I. REVENUE RECEIPTS (NET) 508,757 549,571 630,010 643,081 721,321 704,550 II. INTERNAL RESOURCES (i+ii) 189,855 104,752 76,405 86,699 57,266 40,988 (i) Capital Receipts: 100,763 116,127 79,838 70,068 31,731 23,391 (a) Public Debt (Net) 9,653 84,403 16,767 38,746 -3,250 -10,936 (b) Recoveries of Loans & Advances 33,829 31,724 60,071 31,322 32,907 34,327 (c) Recoveries of investment from KESC 57,281 - 3,000 - 2,074 - (ii) Public Account: 89,092 -11,375 -3,433 16,631 25,535 17,597 (a) Deferred Liabilities 84,813 -15,745 -14,088 13,829 10,449 15,221 (b) Deposits & Reserves 4,279 4,370 10,655 2,802 15,086 2,375 III. EXTERNAL RESOURCES ( 1 + 2+3+4 ) 169,009 144,820 197,640 212,371 233,914 239,309 1. Loans 102,878 110,337 179,078 190,376 189,116 213,388 Project Aid: 40,219 38,119 40,845 60,971 56,653 76,386 Commodity Aid: 45,478 31,366 78,583 62,305 60,583 76,502 Food Aid : 585 - - - - - Other Aid: 16,596 12,002 59,650 67,100 71,880 60,500 IDB 10,746 6,232 17,895 30,500 17,970 30,250 Commercial 5,850 5,770 5,965 6,100 5,990 0 Global Bonds - - - 30,500 47,920 30,250 Sukuk Bonds - - 35,790 - - - Eurobonds - 28,850 - - - - 2 Grants 57,450 34,483 18,562 21,995 44,798 25,921 Project Aid: 4,712 4,814 5,695 4,305 6,654 5,780 Commodity Aid: 13,718 11,667 12,867 17,080 38,144 19,536 Food Aid : - 577 - 610 0 605 39,020 17,425 - - - - Saudi Oil Facility - - - - - - Refund of F-16 3. Debt Rescheduling 8,681 - - - - - 4. Non-Plan Resources - - - - - - IV. TOTAL RECEIPTS (I+II+III) 867,620 799,143 904,056 942,151 1,012,501 984,847 V. Change in Provincial Cash Balance 16,576 14,331 6,167 33,454 27,024 53,817 VI. Privatization Proceeds 9,971 11,000 10,000 20,000 90,000 75,000 VII. Credit From Banking System -32,986 74,038 80,783 98,040 66,840 140,093 TOTAL RESOURCES (IV+V+VI+VII) 861,181 898,513 1,001,006 1,093,645 1,196,364 1,253,758 R Revised Estimates Source: Annual Budget Statement, Government of Pakistan B Budget Estimates 227 10.4 Central Board of Revenue Tax Collection ( Billion Rupees) Indirect Taxes Total PERIOD Direct Tax Taxes Sales Excise Customs Total Collection 2001-02 142.5 166.6 47.2 47.8 261.6 404.1 2002-03 151.9 195.1 44.8 68.8 308.7 460.6 2003-04 165.1 219.2 45.6 91.0 355.8 520.8 2004-05 183.4 238.5 53.1 115.4 407.0 590.4 2005-06 223.4 293.4 58.0 138.0 489.4 712.6 2005 Jul. 7.6 15.7 2.9 8.4 27.0 34.6 Aug. 9.0 22.8 4.1 9.1 35.9 44.9 Sep. 31.6 24.5 5.3 11.2 41.0 72.5 Oct. 11.1 23.6 4.6 9.9 38.1 49.2 Nov. 10.2 23.5 4.1 9.7 37.4 47.6 Dec. 34.9 22.6 4.4 13.3 40.3 75.1 2006 Jan. 10.1 22.2 4.1 9.5 35.9 45.9 Feb. 10.5 23.6 4.9 10.5 39.0 49.5 Mar. 27.8 23.9 5.3 13.6 42.7 70.5 Apr. 14.9 26.1 5.7 10.4 42.3 57.2 May 14.4 30.5 6.2 12.5 49.2 63.6 Jun. 41.3 34.3 6.5 20.0 60.8 102.0 Jul. 10.1 24.0 4.0 8.1 36.1 46.2 Source: Central Board of Revenue 228