Budget of Pakistan 17-18

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.

It was presented by Finance Minister Ishaq Dar on 26 May 2017 at the National Assemblywith 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.

The budget was presented following a protest of the Pakistan Kissan Ittehad, demanding subsidies on fertilisers and electricity bills, at D-Chowk in Islamabad.

The budget proposed a 10.0% increase in the salaries and pensions of federal governmentemployees and an increase in the minimum monthly wage from ₨. 14,000 to ₨. 15,000. The allocation made for Benazir Income Support Programme stood at Rs. 121 billion for 5.5 million beneficiaries. The defence expenditure of Rs. 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.

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

 

 

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