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Fedral Budget Overview: 2017 - 2025

Values in PKR

Budget Statistics 2017-24

Year 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Date
Finance Minister Ishaq Dar Miftah Ismail Hammad Azhar Hammad Azhar Shaukat Tarin Miftah Ismail Ishaq Dar Muhammad Aurangzeb
Budget Volume (billions) 4,752.90 5,246.20 7,022 7,137 8,487 9,579 14,484 18,877
Increase - 10% 34% 2% 19% 13% 51% 30%
Fiscal Deficit (billions) 1826 2175 3,560 3,437 3,990 4,547 7,505 8,500
Deficit Rate 38% 41% 51% 48% 47% 47% 52% 13%

Expenditures

Year 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Interest Payments (billions) 1363 1620.2 2891 2946 3060 3950 7303 9775
Increase in Expenditures - 19% 78% 2% 4% 29% 85% 34%
Defence Allocation (billions) 920.2 1100.3 1153 1289 1370 1563 1804 2122
Increase in Defence - 20% 5% 12% 6% 14% 15% 18%
Pensions (billions) 248 342 421 470 480 609 801 1,014
Increase in Pensions - 38% 23% 12% 2% 27% 32% 27%
Development spending and net lending (billion) 1275.80 1067.60 829 792 964 871 1140 1674
Increase in F.D - -16% -22% -4% 22% -10% 31% 47%
Civil government expenditure (billions) 376.8 463.4 431 477 479 553 714 839
Increase in Civil expenditure - 23% -7% 11% 0% 15% 29% 18%
Allocations for contingency and others (billions) - - 194 50 285 195 250 313
Increase in comparison to last year - - - -74% 470% -32% 28% 25%
Subsidies (in billions) 138.8 174.7 272 209 682 664 1064 1363
Increase in comparison to last year - 26% 56% -23% 226% -3% 60% 28%
Grants (in billions) 430.2 477.9 831 905 1168 1174 1408 1777
Increase in Grants - 11% 74% 9% 29% 1% 20% 26%

Income

Year 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Net Revenue receipts 2926.0 3070.40 3462 3700 4497 5032 6979 10377
Increase in Income - 5% 13% 7% 22% 12% 39% 49%
Bank borrowings (in billions) 390.1 1015.3 339 889 681 843 2860 5142
Increase in Bank borrowings - 160% -67% 162% -23% 24% 239% 80%
Non-banking loans (in billions) 582 532.8 819 1395 1241 1996 2662
Increase in Non-banking loans - 1% 54% 70% -11% 61% -5% 40%
External receipts (billions) 511.40 342.10 1829 810 1246 1611 2724 666
Increase in External receipts - -33% 435% -56% 54% 29% 69% -76%
Privatisation (in billions) 50.00 0.00 150 100 252 96 15 30
Increase in Privatisation - -100% - -33% 152% -62% -84% 100%

Other Information

Year 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Per capita income (in dollars) 1768 1578 1458 1667 1765 1568 1551 1680
Increase in Per capita income - -11% -8% 14% 6% -11% 7% 8%
Inflation rate (percentage) 4.7 6.8 10.7 8.9 12.2 28.2 23.1 12
Increase in Inflation rate - 45% 57% -17% 37% 131% -18% -48%
Foreign exchange reserves (billion dollars) 16.38 14.48 18.88 24.39 15.45 12.67 14.62 -
Increase in F.E.R - -12% 30% 29% -37% -18% 15%
Health budget (billions) 12.84 13.89 11.05 25.49 28.35 19.58 24.21 27.86
Increase in inflation rate - 8% -20% 131% 11% -31% 24% 15%
Education budget (billions) 90.51 97.42 77.26 83.36 91.97 90.55 97.09 109
Increase in inflation rate - 8% -21% 8% 10% -2% 7% 12%
Foreign loans (billion dollars) 95.2 106 113 122 130 125.7 - -
Economic growth (percentage) 6.1 3.12 0.94 5.74 6.01 0.29 - -
GDP ratio estimation (percentage) 4.1 4.9 7.1 7 6.3 4.9 - -

Ratio of expenditure with respect to sector

Sector (in Billions) 2017-18 % 2018-19 % 2019-20 % 2020-21 % 2021-22 % 2022-23 % 2023-24 % 2024-25 %
Allocation for loans and interest payments 1363 29% 1620.20 31% 2891 41% 2946 41% 3060 36% 3950 41% 7303 50% 9775 52%
Allocation for Defence 920.2 19% 1100.30 21% 1153 16% 1289 18% 1370 16% 1563 16% 1804 12% 2122 11%
Pensions 248 5% 342 7% 421 6% 470 7% 480 6% 609 6% 801 6% 1014 5%
Federal Development spending and net lending 1275.80 27% 1067.60 20% 829 12% 792 11% 964 11% 871 9% 1140 8% 1674 9%
Civil administration's expenditure 376.8 8% 463.4 9% 431 6% 477 7% 479 6% 553 6% 714 5% 839 4%
Contingency and others - - - - 194 3% 50 1% 285 3% 195 2% 250 2% 313 2%
Subsidies 138.8 3% 174.7 3% 272 4% 209 3% 682 8% 664 7% 1,064 7% 1,363 7%
Grants and transfers 430.2 9% 477.9 9% 831 12% 905 13% 1,168 14% 1,174 12% 1,408 10% 1,777 9%
Budget Volume 4752.8 100% 5246.1 100% 7022 100% 7138 100% 8488 100% 9579 100% 14484 100% 18877 100%

Ratio of income with respect to resources

Resources (in Billions) 2017-18 % 2018-19 % 2019-20 % 2020-21 % 2021-22 % 2022-23 % 2023-24 % 2024-25 %
Net revenue receipts 2926 66% 3070.40 62% 3462 52% 3700 54% 4497 57% 5032 53% 6979 48% 10377 55%
Bank borrowings 390.1 9% 1015.30 20% 339 5% 889 13% 681 9% 843 9% 2860 20% 5142 27%
Non-banking loans 528 12% 532.8 11% 819 12% 1395 20% 1241 16% 1996 21% 1906 13% 2662 14%
External receipts 511.40 12% 342.10 7% 1829 28% 810 12% 1246 16% 1611 17% 2724 19% 666 4%
Privatisation 50 1% 0 0% 150 2% 100 1% 252 3% 96 1% 15 0% 30 100%
Demand 4406 100% 4960.6 100% 6599 100% 6894 100% 7917 100% 9578 100% 14484 100% 18877 100%

Budget Data Visualization

Budget Volume in PKR (Billions)

Interest and Loan Payments in PKR (Billions)

Defence Budget in PKR (Billions)

Pensions in PKR (Billions)

Fedral Development in PKR (Billions)

Public Private Partnership in PKR (Billions)

Overall Development Budget in PKR (Billions)

Civil Administration Expenditures in PKR (Billions)

Subsidies in PKR (Billions)

Provincial Development Program in PKR (Billions)

Health Budget in PKR (Billions)

Education Budget in PKR (Billions)