ISLAMABAD,
Jun 13 (APP): Following are the salient features of the budget2009-10 the
government announced here on Saturday with a total outlay of Rs. 2.482
trillion, showing an increase of 23.5% over the budget estimates of 2008-09.
The other salient features of the budget 2009-10 are as under : a) The
resource availability during 2009-10 has been estimated at Rs 2318 billion
against Rs 1836 billion in the budget estimates of 2008-09. b) Net revenue
receipts for 2009-10 have been estimated at Rs 1372 billion indicating an
increase of 23.5% over the budget estimates of 2008-09. c) The provincial
share in federal revenue receipts is estimated at Rs 655 billion during
2009-10 which is 15.3% higher than the budget estimates for 2008-09. d) The
capital receipts (net) for 2009-10 have been estimated at Rs 191 billion
against the budget estimates of Rs 221 billion in 2008-09. e) The external
receipts in 2009-10 are estimated at Rs 510 billion. This shows an increase
of 70% over the budget estimates for 2008-09. f) The overall expenditure
during 2009-10 has been estimated at Rs 2482 billion of which the current
expenditure is Rs 1699 billion and development expenditure at Rs 803
billion. Current expenditure shows an increase of 3.5% over the revised
estimates of 2008-09, while development expenditure will increase by 68.1%
in 2009-10 over the revised estimates of 2008-09 g) The share of current
expenditure in total budgetary outlay for 2009-10 is 68.5% as compared to
79% in revised estimates for 2008-09. h) The expenditure on General Public
Services (inclusive of debt servicing transfer payments and superannuation
allowance) is estimated at Rs 1189 billion which is 70% of the current
expenditure · Rs.60 billion allocated for Water sector. · 32 small and
medium dams, 8 in each province being financed. · Rs.12 billion for raising
of Mangla Dam project. · Rs 10 billion allocated for the improvement of
water courses · Rs 15 billion for canal improvement and rehabilitation of
irrigation system. · Rs.47 billion earmarked in PSDP for water dams · Rs.37
billion allocated for agriculture marketing, storage infrastructure. · Rs.4
billion allocated for launching Benazir Tractor scheme. · 'Special Programme
for Food Security and Productivity Enhancement of Small Farmers' covering
13,000 villages by the year 2015 starting with 1,012 villages. · Rs. 40
billion allocated for export investment support fund. · Budgetary allocation
for Science and Technology doubled. · 5% reduction in excise duty on
automobile proposed. · Regulator Duty of Rs.250 per set of cellular phone
eliminated. · Custom cuty reduced from Rs 500/- to Rs 250/- per set on cell
phone. · Remarkable relief given to cell phone industry. · To achieve a high
quality road and rail network, allocations for National Highway Authority
amounted to an increase from Rs.36 billion to Rs.40.2 billion. · In the case
of Pakistan Railways from Rs.6.6 billion to Rs.12.7 billion. · PSDP
allocations for the power sector increased by 100 percent. · Currently 15
Independent Private Power Houses with a total capacity of 2,921 Megawatts
are in different stages of development. Out of these, 9 projects for 1,861
Megawatts will be commissioned in 2009. · Rs.4 billion allocated for Diamer
Basha Dam project. · 50 MW Solar Thermal Power Project to be established in
Southern Punjab. · Rs.4 billion allocated for basic education and primary
schools. · Rs.22.5 billion for Higher Ecuation Commission allocated. ·
Rs.23.15 billion allocated under PSDP for health. · 3,500 water filtration
plants to installed one in each union council for which an amount of Rs 6
billion is being allocated. · 30,000 educated postgraduates will be offered
internships under the National Internship Programme. · 15,000 volunteers
from all walks of life have been registered for community development
activities and disaster management. · Ad-hoc relief allowance of 15% of pay
of serving government servants from 1st July, 2009. · Increase in the
allowance of armed forces deployed on the western front equal to one month's
initial basic pay with effect from 1st July 2009. · For the remaining armed
forces personnel, allowance equal to one month's initial basic pay will be
admissible from 1st January 2010 in the interim period, an adhoc relief
allowance of 15% of pay will be allowed. · Retired government servants and
armed forces personnel will also get 15% increase in their net pension from
1st July 2009 · Limit for the exemption on Income Tax for salaried male is
being enhanced from Rs 180,000 to Rs 200,000 · Limit for the exemption on
Income Tax for salaried female is being enhanced from Rs 240,000 to Rs
260,000 · Senior citizens will now enjoy 50 percent relief in their tax
liability in case of income upto Rs 750,000. · On a cumulative basis the
provinces would receive federal transfers in excess of Rs 708.1 billion
against Rs 600 billion in the last financial year · In order to discourage
consumption of cigarettes excise duty and sales tax on cigarettes is
proposed to be enhanced.
ISLAMABAD,
Jun 13 (APP): Following are the salient features of the budget2009-10 the
government announced here on Saturday with a total outlay of Rs. 2.482
trillion, showing an increase of 23.5% over the budget estimates of 2008-09.
The other salient features of the budget 2009-10 are as under : a) The
resource availability during 2009-10 has been estimated at Rs 2318 billion
against Rs 1836 billion in the budget estimates of 2008-09. b) Net revenue
receipts for 2009-10 have been estimated at Rs 1372 billion indicating an
increase of 23.5% over the budget estimates of 2008-09. c) The provincial
share in federal revenue receipts is estimated at Rs 655 billion during
2009-10 which is 15.3% higher than the budget estimates for 2008-09. d) The
capital receipts (net) for 2009-10 have been estimated at Rs 191 billion
against the budget estimates of Rs 221 billion in 2008-09. e) The external
receipts in 2009-10 are estimated at Rs 510 billion. This shows an increase
of 70% over the budget estimates for 2008-09. f) The overall expenditure
during 2009-10 has been estimated at Rs 2482 billion of which the current
expenditure is Rs 1699 billion and development expenditure at Rs 803
billion. Current expenditure shows an increase of 3.5% over the revised
estimates of 2008-09, while development expenditure will increase by 68.1%
in 2009-10 over the revised estimates of 2008-09 g) The share of current
expenditure in total budgetary outlay for 2009-10 is 68.5% as compared to
79% in revised estimates for 2008-09. h) The expenditure on General Public
Services (inclusive of debt servicing transfer payments and superannuation
allowance) is estimated at Rs 1189 billion which is 70% of the current
expenditure · Rs.60 billion allocated for Water sector. · 32 small and
medium dams, 8 in each province being financed. · Rs.12 billion for raising
of Mangla Dam project. · Rs 10 billion allocated for the improvement of
water courses · Rs 15 billion for canal improvement and rehabilitation of
irrigation system. · Rs.47 billion earmarked in PSDP for water dams · Rs.37
billion allocated for agriculture marketing, storage infrastructure. · Rs.4
billion allocated for launching Benazir Tractor scheme. · 'Special Programme
for Food Security and Productivity Enhancement of Small Farmers' covering
13,000 villages by the year 2015 starting with 1,012 villages. · Rs. 40
billion allocated for export investment support fund. · Budgetary allocation
for Science and Technology doubled. · 5% reduction in excise duty on
automobile proposed. · Regulator Duty of Rs.250 per set of cellular phone
eliminated. · Custom cuty reduced from Rs 500/- to Rs 250/- per set on cell
phone. · Remarkable relief given to cell phone industry. · To achieve a high
quality road and rail network, allocations for National Highway Authority
amounted to an increase from Rs.36 billion to Rs.40.2 billion. · In the case
of Pakistan Railways from Rs.6.6 billion to Rs.12.7 billion. · PSDP
allocations for the power sector increased by 100 percent. · Currently 15
Independent Private Power Houses with a total capacity of 2,921 Megawatts
are in different stages of development. Out of these, 9 projects for 1,861
Megawatts will be commissioned in 2009. · Rs.4 billion allocated for Diamer
Basha Dam project. · 50 MW Solar Thermal Power Project to be established in
Southern Punjab. · Rs.4 billion allocated for basic education and primary
schools. · Rs.22.5 billion for Higher Ecuation Commission allocated. ·
Rs.23.15 billion allocated under PSDP for health. · 3,500 water filtration
plants to installed one in each union council for which an amount of Rs 6
billion is being allocated. · 30,000 educated postgraduates will be offered
internships under the National Internship Programme. · 15,000 volunteers
from all walks of life have been registered for community development
activities and disaster management. · Ad-hoc relief allowance of 15% of pay
of serving government servants from 1st July, 2009. · Increase in the
allowance of armed forces deployed on the western front equal to one month's
initial basic pay with effect from 1st July 2009. · For the remaining armed
forces personnel, allowance equal to one month's initial basic pay will be
admissible from 1st January 2010 in the interim period, an adhoc relief
allowance of 15% of pay will be allowed. · Retired government servants and
armed forces personnel will also get 15% increase in their net pension from
1st July 2009 · Limit for the exemption on Income Tax for salaried male is
being enhanced from Rs 180,000 to Rs 200,000 · Limit for the exemption on
Income Tax for salaried female is being enhanced from Rs 240,000 to Rs
260,000 · Senior citizens will now enjoy 50 percent relief in their tax
liability in case of income upto Rs 750,000. · On a cumulative basis the
provinces would receive federal transfers in excess of Rs 708.1 billion
against Rs 600 billion in the last financial year · In order to discourage
consumption of cigarettes excise duty and sales tax on cigarettes is
proposed to be enhanced.