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% |
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% |
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% |
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 | - | - |
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% |
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% |