Pakistan
PREFACE
The Budget in Brief is a summary of the Federal Budget 2009-10. It is meant to provide essential budgetary information about the revenues and expenditures at a glance. Detailed information is available in other budgetary documents. The federal budget is being prepared in accordance with the budgeting and accounting classification system that has been approved by the Government of Pakistan as an integral part of the New Accounting Model. This is the first year the federal budget is being prepared using the newly adopted Medium-Term Budgetary Framework (MTBF). Under this method macro projections are made over a rolling 3-year budgetary horizon. This year, expenditure ceilings were issued to Ministries on recurrent budget after Cabinet’s approval, in line with the Government’s stated priorities. The Ministries prepared their budget accordingly. It is hoped that during the next few years the new system will further develop to improve linkages of the stated Government priorities with the allocation of public resources. Another new feature of this document is the inclusion of Medium Term Economic Framework (MTEF) covering a period of three years. For the convenience of readers, some additional information regarding subsidies, loans and advances has been shown separately. Another new facility being introduced is that the Annual Budget Statement, Explanatory Memorandum and Estimates of Foreign Assistance will be placed on the Ministry of Finance website (finance.gov.pk) for un-restricted access by all. I hope that this document will prove to be useful and handy portal into the budget 2009-10.
Salman Siddique Secretary to the Government of Pakistan Finance Division Islamabad, the 13th June, 2009
CONTENTS Page CHAPTER- 1 REVIEW OF THE BUDGET 2008 - 09 Salient Features Comparison - Budget and Revised Estimates Resources Internal External Expenditure CHAPTER- 2 THE BUDGET 2009 - 10 Salient Features Comparative Budgetary Position CHAPTER- 3 RESOURCE POSITION
The Budget in Brief is a summary of the Federal Budget 2009-10. It is meant to provide essential budgetary information about the revenues and expenditures at a glance. Detailed information is available in other budgetary documents. The federal budget is being prepared in accordance with the budgeting and accounting classification system that has been approved by the Government of Pakistan as an integral part of the New Accounting Model. This is the first year the federal budget is being prepared using the newly adopted Medium-Term Budgetary Framework (MTBF). Under this method macro projections are made over a rolling 3-year budgetary horizon. This year, expenditure ceilings were issued to Ministries on recurrent budget after Cabinet’s approval, in line with the Government’s stated priorities. The Ministries prepared their budget accordingly. It is hoped that during the next few years the new system will further develop to improve linkages of the stated Government priorities with the allocation of public resources. Another new feature of this document is the inclusion of Medium Term Economic Framework (MTEF) covering a period of three years. For the convenience of readers, some additional information regarding subsidies, loans and advances has been shown separately. Another new facility being introduced is that the Annual Budget Statement, Explanatory Memorandum and Estimates of Foreign Assistance will be placed on the Ministry of Finance website (finance.gov.pk) for un-restricted access by all. I hope that this document will prove to be useful and handy portal into the budget 2009-10.
Salman Siddique Secretary to the Government of Pakistan Finance Division Islamabad, the 13th June, 2009
CONTENTS Page CHAPTER- 1 REVIEW OF THE BUDGET 2008 - 09 Salient Features Comparison - Budget and Revised Estimates Resources Internal External Expenditure CHAPTER- 2 THE BUDGET 2009 - 10 Salient Features Comparative Budgetary Position CHAPTER- 3 RESOURCE POSITION