Provisional

Table 1
Pakistan: Summary of Consolidated Federal and Provincial
Budgetry Operations, 2013-14
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

Total Revenue 829,712 1,665,470 2,477,379 3,637,297

Tax Revenue 537,056 1,172,007 1,786,192 2,564,509
Federal 494,948 1,084,366 1,650,012 2,374,540
Provincial 42,108 87,641 136,180 189,969
Non-Tax 292,656 493,463 691,187 1,072,788
Federal 281,960 468,101 656,506 1,023,414
Provincial 10,696 25,362 34,681 49,374
Total Expenditure 1,116,620 2,205,603 3,289,036 5,026,016
Current Expenditure 868,377 1,887,550 2,904,562 4,004,582
Of which : Mark-up Payments 301,141 597,681 909,057 1,147,793
Defence 146,464 295,279 451,708 623,085
Development Expenditure & net lending 170,149 326,152 555,813 1,236,528
Statistical Discrepancy 78,094 (8,099) (171,339) (215,094)
Budget Deficit 286,908 540,133 811,657 1,388,719
Financing 286,908 540,133 811,657 1,388,719
External (27,213) (43,452) (50,085) 511,727
Domestic 314,121 583,585 861,742 876,992
Non-Bank 116,086 100,270 424,830 553,330
Bank 198,035 483,315 436,912 323,662

Memo Items:-
Total Revenue 3.2 6.4 9.8 14.3
Tax Revenue 2.1 4.5 7.0 10.1
Nontax Revenue 1.1 1.9 2.7 4.2
Total Expenditure 4.3 8.5 12.9 19.8
Current 3.3 7.3 11.4 15.8
Of which : Mark-up Payments 1.2 2.3 3.6 4.5
Defence 0.6 1.1 1.8 2.5
Development Expenditure and net lending 0.7 1.3 2.2 4.9
Budget deficit 1.1 2.1 3.2 5.5
GDP (Rs. in Billion) 26,001 26,001 25,402 25,402

Note: Figures based on information from AGPR/Provincial A.Gs./ SBP/EAD.

Page 1
 Provisional
Table 2
Pakistan: Summary of Consolidated Federal and Provincial Revenue
2013-14
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

Total Revenue 829,712 1,665,470 2,477,379 3,637,297

Tax Revenue 537,056 1,172,007 1,786,192 2,564,509
Direct Taxes 160,777 381,983 598,829 884,118
Taxes on property 3,477 5,119 6,977 9,233
Taxes on goods and services 255,924 541,729 810,510 1,146,650
Excise duty 24,685 60,046 93,717 144,540
Sales Tax 231,239 481,683 716,793 1,002,110
Taxes on international trade 52,791 110,088 169,263 240,997
Other taxes 64,087 133,088 200,613 283,511
Stamp duties 4,431 9,779 15,335 21,790
Motor vehicles tax 3,156 7,108 11,567 15,565
Other taxes 30,750 64,594 101,843 142,622
Petroleum Levy 25,750 51,607 71,868 103,534
Nontax Revenue 292,656 493,463 691,187 1,072,788
Profits Post Office Deptt/PTA - - - 94,829
Mark-up (PSEs & Others) 56,849 58,448 62,338 67,005
Dividend 3,719 28,310 46,348 65,947
SBP profit 80,000 145,000 205,000 326,186
Defence 1,956 38,180 77,764 117,192
Citizenship,Naturalization & Passport Fee 3,989 7,348 13,078 18,967
Development Surcharges on Gas 20,846 28,865 34,649 38,530
Discount Retained on Crude Oil 3,938 8,309 13,652 40,703
Royalty on Oil/Gas 19,173 36,751 59,494 76,441
Windfall Levy against Crude Oil 3,773 7,991 11,042 14,584
Gas Infrastructure Development Cess 3,046 5,913 20,917 31,817
Foreign Grants 10,115 12,308 12,308 12,308
C-01010 Others (Profit) 67,636 67,666 67,715 67,746
Others 17,616 48,374 66,882 100,533
Memo Items:-
Total Revenue 3.2 6.4 9.8 14.3
Tax revenue 2.1 4.5 7.0 10.1
Direct Taxes 0.6 1.5 2.4 3.5
Taxes on property 0.0 0.0 0.0 0.0
Taxes on goods and services 1.0 2.1 3.2 4.5
Excise duty 0.1 0.2 0.4 0.6
Sales Tax 0.9 1.9 2.8 3.9
Taxes on internationl trade 0.2 0.4 0.7 0.9
Other taxes 0.2 0.5 0.8 1.1
Nontax Revenue 1.1 1.9 2.7 4.2
GDP (Rs. in Billion) 26,001 26,001 25,402 25,402

Page 2
 Provisional
Table 3
Pakistan: Summary of Consolidated Federal and Provincial Expenditure
2013-14
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

Total Expenditure 1,038,526 2,213,702 3,460,375 5,241,110

Current Expenditure 868,377 1,887,550 2,904,562 4,004,582
Federal 639,530 1,352,822 2,083,167 2,831,249
General Public Service 451,994 968,465 1,485,104 1,991,303
Servicing of Domestic Debt 286,262 559,281 854,966 1,072,813
Servicing of Foreign Debt 14,879 38,400 54,091 74,980
Superannuation Allowances & Pension 36,437 84,618 132,961 180,202
Grants (Other than Provinces) 41,819 116,142 188,872 283,215
Other General Public Service 72,597 170,024 254,214 380,093
Defence Affairs and Service 146,464 295,279 451,708 623,085
Public Orders and Safety Affairs 18,281 38,749 60,054 86,238
Economics Affairs 6,240 13,908 26,803 43,390
Enviornmental Protection 144 349 542 907
Housing and Community Amenities 81 209 245 1,007
Health 2,283 4,830 6,915 10,132
Recreation Culture and Religion 2,062 3,530 5,510 7,814
Education Affairs and Services 11,704 26,794 45,151 65,409
Social Protection 277 709 1,135 1,964
Provincial 228,847 534,728 821,395 1,173,333
Development Expenditure and net lending 170,149 326,152 555,813 1,236,528
Total Development Expenditure 87,126 243,470 469,929 1,135,918
PSDP 79,538 212,573 392,971 865,454
Federal* 44,949 118,618 193,268 434,934
Provincial 34,589 93,955 199,703 430,520
Other Development Expenditure 7,588 30,897 76,958 270,464
Net lending 83,023 82,682 85,884 100,610

Memo Items:-
Total Expenditure 4.0 8.5 13.6 20.6
Current Expenditure 3.3 7.3 11.4 15.8
Federal 2.5 5.2 8.2 11.1
General Public Service 1.7 3.7 5.8 7.8
Servicing of Domestic Debt 1.1 2.2 3.4 4.2
Servicing of Foreign Debt 0.1 0.1 0.2 0.3
Superannuation Allowances & Pension 0.1 0.3 0.5 0.7
Defence Affairs and Service 0.6 1.1 1.8 2.5
Provincial 0.9 2.1 3.2 4.6
Development Expenditure 0.3 0.9 1.8 4.5
GDP (Rs. in Billion) 26,001 26,001 25,402 25,402
* Net excluding development grants to provinces

Page 3
 Provisional
Table 4
Pakistan: Federal Government Fiscal Operations, 2013-14
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14
Tax Revenue (a+b) 494,948 1,084,366 1,650,012 2,374,540
(a) Direct Taxes 160,777 381,983 598,829 884,118
(b) Indirect Taxes 334,171 702,383 1,051,183 1,490,422
Customs 52,791 110,088 169,263 240,997
Sales Tax 231,239 481,683 716,793 1,002,110
Federal Excise 23,724 57,661 89,871 139,084
Other Taxes (ICT) 661 1,336 3,372 4,633
Airport Tax 6 8 16 64
Petroleum Levy 25,750 51,607 71,868 103,534
Non Tax Revenue 285,293 474,768 666,506 1,037,497
Profits Post Office Deptt/PTA - - - 94,829
Mark-up (Provinces) 3,333 6,667 10,000 14,083
Mark-up (PSEs & Others) 56,652 58,064 61,770 65,770
Dividend 3,719 28,310 46,348 65,947
SBP profit 80,000 145,000 205,000 326,186
Defence 1,956 38,180 77,764 117,192
Citizenship,Naturalization & Passport Fee 3,989 7,348 13,078 18,967
Development Surcharge on Gas 20,846 28,865 34,649 38,530
Discount Retained on Crude Price 3,938 8,309 13,652 40,703
Royalty on Oil/Gas 19,173 36,751 59,494 76,441
Windfall Levy against Crude Oil 3,773 7,991 11,042 14,584
Gas Infrastructure Development Cess 3,046 5,913 20,917 31,817
Foreign Grants 10,115 12,308 12,308 12,308
C-01010 Others (Profit) 67,636 67,666 67,715 67,746
Others 7,117 23,396 32,769 52,394
Gross Federal Receipts 780,241 1,559,134 2,316,518 3,412,037
Less Provincial Share 322,667 646,487 1,017,765 1,406,280
Net Federal Receipts 457,575 912,648 1,298,753 2,005,757
Total Expenditure (a+b) 787,998 1,625,590 2,498,677 3,759,078
a) Current expenditure 651,713 1,376,102 2,121,497 2,884,730
General Public Service 464,177 991,745 1,523,434 2,044,784
Servicing of Domestic Debt 286,262 559,281 854,966 1,072,813
Servicing of Foreign Debt 14,879 38,400 54,091 74,980
Superannuation Allowances & Pension 36,437 84,618 132,961 180,202
Grants to Provincial Govt. 12,183 23,280 38,330 53,481
Grants to Others 41,819 116,142 188,872 283,215
Other General Public Service 72,597 170,024 254,214 380,093
Defence Affairs and Service 146,464 295,279 451,708 623,085
Public Order and Safety Affairs 18,281 38,749 60,054 86,238
Economics Affairs 6,240 13,908 26,803 43,390
Enviornmental Protection 144 349 542 907
Housing and Community Amenities 81 209 245 1,007
Health 2,283 4,830 6,915 10,132
Recreation Culture and Religion 2,062 3,530 5,510 7,814
Education Affairs and Services 11,704 26,794 45,151 65,409
Social Protection 277 709 1,135 1,964
b) Development expenditure and net lending 136,285 249,488 377,180 874,348
Total Development Expenditure 54,001 151,507 273,395 711,488
PSDP 46,413 120,610 196,437 441,024
Of which Development grants to Provinces 1,464 1,992 3,169 6,090
Others Development Expenditure 7,588 30,897 76,958 270,464
Net lending 82,284 97,981 103,785 162,860
Provinces (739) 15,299 17,901 62,250
Others 83,023 82,682 85,884 100,610
Overall balance 330,423 712,942 1,199,924 1,753,321
Financing 379,347 708,244 1,069,524 1,585,659
External (27,213) (43,452) (50,085) 511,727
Domestic 406,560 751,696 1,119,609 1,073,932
Bank 291,040 650,764 692,434 518,193
Nonbank 115,520 100,932 427,175 555,739
Memo Item
FBR Tax Collection 468,531 1,031,415 1,574,756 2,266,309

Page 4
 Provisional
Table 5
Pakistan: Provincial Government Fiscal Operations, 2013-14
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

Total Revenue 388,378 800,060 1,248,027 1,767,444

Provincial share in Fed revenue 322,667 646,487 1,017,765 1,406,280
Provincial Taxes 42,108 87,641 136,180 189,969
Property taxes 3,477 5,119 6,977 9,233
Excise duties 961 2,385 3,846 5,456
Stamp duties 4,431 9,779 15,335 21,790
Motor vehicles tax 3,156 7,108 11,567 15,565
Other 30,083 63,250 98,455 137,925
Provincial Nontax 10,696 25,362 34,681 49,374
Mark-up 197 384 568 1,235
Irrigation 340 645 2,003 2,704
Others 10,159 24,333 32,110 45,435
Federal Loans and grants 12,908 40,571 59,400 121,821
Loans(net) (739) 15,299 17,901 62,250
Current Grants 12,183 23,280 38,330 53,481
Development grants 1,464 1,992 3,169 6,090
Total expenditure 266,769 635,350 1,031,098 1,617,936
Current expenditure 232,180 541,395 831,395 1,187,416
Mark-up payment to Federal Govt. 3,333 6,667 10,000 14,083
Other Current Expenditure 228,847 534,728 821,395 1,173,333
Development expenditure (PSDP) 34,589 93,955 199,703 430,520
Overall balance 121,609 164,710 216,929 149,508
Financing (92,439) (168,111) (257,867) (196,940)
External - - - -
Domestic (92,439) (168,111) (257,867) (196,940)
Bank (93,005) (167,449) (255,522) (194,531)
Nonbank 566 (662) (2,345) (2,409)

Page 5
 Provisional
Table 6
Pakistan: Provincial Government Fiscal Operations, 2013-14 - PUNJAB
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

Total Revenue 164,570 349,603 549,617 803,564

Provincial share in Fed revenue 136,440 286,494 460,937 646,265
Provincial Taxes 22,532 45,046 69,049 96,482
Property taxes 3,079 4,485 5,427 6,594
Excise duties 242 678 1,124 1,626
Stamp duties 3,085 6,499 10,350 14,945
Motor vehicles tax 2,635 4,885 7,671 10,359
Other 13,491 28,499 44,477 62,958
Provincial Nontax 5,488 14,176 15,532 22,990
Mark-up 1 154 319 420
Irrigation 271 486 1,147 1,564
Others 5,216 13,536 14,066 21,006
Federal Loans and grants 110 3,887 4,099 37,827
Loans(net) 110 3,814 4,026 37,461
Development grants - 73 73 366
Total expenditure 117,253 295,716 486,630 747,999
Current expenditure 102,142 258,405 397,797 551,700
Mark-up payment to Federal Govt. 1,866 3,732 5,598 7,773
Other Current Expenditure 100,276 254,673 392,199 543,927
Development expenditure (PSDP) 15,111 37,311 88,833 196,299
Overall balance 47,317 53,887 62,986 55,565
Financing (27,067) (67,237) (131,525) (98,533)
External - - - -
Domestic (27,067) (67,237) (131,525) (98,533)
Bank (27,708) (67,624) (130,950) (98,158)
Nonbank 641 387 (575) (375)

Page 6
 Provisional
Table 7
Pakistan: Provincial Government Fiscal Operations, 2013-14 - SINDH
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

Total Revenue 113,825 230,696 358,126 490,554

Provincial share in Fed revenue 92,952 179,236 280,394 383,687
Provincial Taxes 17,012 35,999 56,105 79,054
Property taxes 334 507 1,307 2,250
Excise duties 621 1,528 2,448 3,441
Stamp duties 1,160 2,873 4,355 5,919
Motor vehicles tax 128 1,504 2,784 3,745
Other 14,769 29,587 45,211 63,699
Provincial Nontax 852 2,003 3,894 5,395
Mark-up - 2 4 4
Irrigation 5 25 168 228
Others 847 1,976 3,722 5,163
Federal Loans and grants 3,009 13,458 17,734 22,419
Loans(net) 442 9,011 11,094 12,944
Current Grants 1,707 3,587 5,780 8,129
Development grants 860 860 860 1,346
Total expenditure 80,744 186,709 299,492 449,121
Current expenditure 69,259 149,292 228,803 328,198
Mark-up payment to Federal Govt. 811 1,623 2,433 3,736
Other Current Expenditure 68,448 147,669 226,370 324,462
Development expenditure (PSDP) 11,485 37,417 70,689 120,923
Overall balance 33,081 43,987 58,634 41,433
Financing (28,901) (55,826) (44,629) (37,654)
External - - - -
Domestic (28,901) (55,826) (44,629) (37,654)
Bank (29,363) (56,371) (45,015) (37,999)
Nonbank 462 545 386 345

Page 7
 Provisional
Table 8
Pakistan: Provincial Government Fiscal Operations, 2013-14 - Khyber Pakhtunkhaw
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

Total Revenue 62,728 132,538 212,285 302,753

Provincial share in Fed revenue 51,495 106,777 168,839 234,402
Provincial Taxes 2,279 5,743 8,985 11,672
Property taxes 47 94 141 267
Excise duties 3 5 15 25
Stamp duties 144 311 485 713
Motor vehicles tax 282 505 804 1,031
Other 1,803 4,828 7,540 9,636
Provincial Nontax 3,183 6,492 11,455 16,839
Mark-up 196 228 245 339
Irrigation 44 100 631 839
Others 2,943 6,164 10,579 15,661
Federal Loans and grants 5,771 13,526 23,005 39,839
Loans(net) (519) 3,069 3,885 13,189
Current Grants 6,250 10,417 19,047 26,504
Development grants 40 40 73 146
Total expenditure 44,898 99,726 158,697 259,735
Current expenditure 38,308 85,236 129,966 187,090
Mark-up payment to Federal Govt. 524 1,048 1,572 2,129
Other Current Expenditure 37,784 84,188 128,394 184,961
Development expenditure (PSDP) 6,590 14,490 28,731 72,645
Overall balance 17,830 32,812 53,588 43,018
Financing (11,727) (18,906) (41,406) (40,378)
External - - - -
Domestic (11,727) (18,906) (41,406) (40,378)
Bank (12,031) (19,069) (42,013) (41,304)
Nonbank 304 163 607 926

Page 8
 Provisional
Table 9
Pakistan: Provincial Government Fiscal Operations, 2013-14 - BALOCHISTAN
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

Total Revenue 47,255 87,224 127,999 170,573

Provincial share in Fed revenue 41,780 73,981 107,596 141,926
Provincial Taxes 285 853 2,041 2,761
Property taxes 17 33 102 122
Excise duties 95 174 259 364
Stamp duties 42 96 145 213
Motor vehicles tax 111 214 308 430
Other 20 336 1,227 1,632
Provincial Nontax 1,173 2,691 3,800 4,150
Mark-up - - - 472
Irrigation 20 34 57 73
Others 1,153 2,657 3,743 3,605
Federal Loans and grants 4,017 9,699 14,562 21,736
Loans(net) (772) (595) (1,104) (1,344)
Current Grants 4,225 9,276 13,503 18,848
Development grants 564 1,018 2,163 4,232
Total expenditure 23,874 53,199 86,278 161,081
Current expenditure 22,471 48,462 74,828 120,428
Mark-up payment to Federal Govt. 132 264 396 446
Other Current Expenditure 22,339 48,198 74,432 119,982
Development expenditure (PSDP) 1,403 4,737 11,450 40,653
Overall balance 23,381 34,025 41,721 9,492
Financing (24,744) (26,142) (40,307) (20,375)
External - - - -
Domestic (24,744) (26,142) (40,307) (20,375)
Bank (23,903) (24,385) (37,544) (17,070)
Nonbank (841) (1,757) (2,763) (3,305)

Page 9
 Provisional
Table 10
Pakistan: Pakistan Budgetary Financing, 2013-14
(In Million of Pakistan Rupees)
July-Sept. July-Dec. July-Mar. July-June
2013 2013 2013-14 2013-14

External Inflows
Project Aid 31,508 79,036 111,798 194,104
Program Loans - 14,616 41,504 194,496
Other loans 13,646 28,454 30,716 241,451
Grants 3,060 5,854 12,130 193,788
Of Which Pakistan Development Fund - - - 157,198
Gross External Financing 48,214 127,960 196,148 823,839
Less Repayments of External Debt 75,427 171,412 246,233 312,112
1. Net External Financing (27,213) (43,452) (50,085) 511,727
Internal Financing (Net)
(A) Total Non Bank (a+b) 116,086 100,270 424,830 553,330
(a) Non Bank Federal (i+ii)) 115,520 100,932 427,175 555,739
i. Public Debt 59,614 54,495 297,723 371,476
Prize Bond 18,224 26,634 41,558 56,427
Foreign Currency instruments 109 243 219 (66)
GOP Ijara Sukuk - (89,011) (136,551) (132,814)
Govt.Securities 10,394 103,078 385,197 606,043
Treasury Bills 30,887 13,551 7,300 (158,114)
ii. Public Account 55,906 46,437 129,452 184,263
Saving Schemes 24,217 32,291 107,738 139,998
GP Fund 1,368 3,987 5,551 7,383
Deposits & Reserves 30,321 10,159 16,163 36,882
(b) Non Bank Provincial 566 (662) (2,345) (2,409)
(B) Bank 198,035 483,315 436,912 323,662
Federal 291,040 650,764 692,434 518,193
Provincial (93,005) (167,449) (255,522) (194,531)
2. Net Internal Inflow (A+B) 314,121 583,585 861,742 876,992
Total Financing of Budget (1+2) 286,908 540,133 811,657 1,388,719

Page 10