MAJOR POINTS OF BUDGET 2014-2015, ALL

IMPORTANT POINTS ABOUT BUDGET 2014 2015

Finance Minister Ishaq Dar presenting the budget 2014-15 in the National
Assembly

Our destination is far, will have to move gradually and with stability: Ishaq
Dar
Revenue collection is estimated at Rs3.943 trillion for FY 2014-15, 10up
compared to FY 2013-14.
The incumbent government saved the fast declining foreign reserves: Dar
We will achieve target of $ 15 billion forex reserve in July
Economy grown by 4.14 per cent: Dar
Current inflation rate is 8.6 per cent as compared to more than 12 per
cent in the tenure of previous govt: Ishaq Dar
PML-N govt achieved economic targets which could not be achieved in
past 7 years: Dar
Total expenditure for fiscal year 2014-15 is estimated at Rs3,937 billion
During past 8 months, either prices reduced or maintained: Dar
Added 1700MW electricity in the national grid: Dar
Fiscal deficit would be brought at 4 pc till 2015-16: Dar
Received $1.4 billion loan from International Organizations for energy
sector: Dar
Rs118 billion has been allocated for Benazir Income Support Programme:
Dar
The monthly stipend for Benazir Income Support Programme has been
raised by Rs300 to 1500 per month.
Rs15bn earmarked for the construction of Diamer-Basha dam: Dar
Rs30 billion allocated for Karachi-Lahore Motorway
Public Sector Development Programme (PSDP) is being increased to
Rs525 billion.

 Rs26.8 billion allocated for Health sector

Rs20 billion allocated for Higher Education Commission projects
Funds have been allocated for Karachi Circular Railway
500 locomotives will be added to Pakistan Railways
Rs77 billion has been earmarked for uplift schemes, salaries and pension
in railway sector.
Government has decided to set up Pakistan Land Development Authority
Board.
Credit availability to agriculture sector to be increased from Rs.380 billion
to Rs.500 billion.
Federal government is working with provinces for eradication of polio
The federation would have Rs2225 billion in its hands after providing
funds to provinces
The government is allocating Rs205 billion for investment in various
power projects to overcome the energy crises
Through the auction of 3G and 4G technologies as many as 900,000
people will get employment opportunities.
Tax collection increased by 16.4 per cent during the current fiscal year.
The federal government is introducing health insurance in collaboration
with provinces.
The Minister proposed to raise the salaries of government employees by
10 percent and the minimum monthly wage to Rs11,000 from Rs10,000.
The Minimum pension is being raised from Rs5000 to Rs6000
Federal Budget 2014-15 highlights
ISLAMABAD, Jun 3 (APP): Following are highlights of the Federal Budget 201415 presented by Finance Minister Ishaq Dar in the National Assembly here on
Tuesday evening:
Pakistans foreign exchange reserves likely to be US 15 billion by July this
year.
Foreign exchange reserves have now increased to US 13.5 billion dollars.
Government brought stability to the Pakistani rupee and increased its value
by 11%, since coming into power.

Pakistani rupee parity with the US dollar is around Rs 98 to 99 per US dollar

as compared to Rs 111 to a dollar in December 2013.

Economy witnesses a growth rate of 4.14 per cent surpassing the figures in
last six years.
Now per capita income reaches $1386.
Inflation remained at 8.6 per cent as compared to 12 per cent during the
previous government.
Fiscal deficit stood around 5.8% as against predicted 8.8%.
Private investment reached 218% whereas export witnessed an increase by
4.25%.
Benazir Income Support Programme (BISP) allocation enhanced to Rs118
billion in fiscal year 2014-15 witnessing an increase of 200 per cent.
The social safety network for the poor segments would benefit about
480,000 families.
First shipment of 200 mmcfd of Liquified Natural Gas (LNG) to be added to
the system in a year.
Process to acquire 350,000 tons of LNG at international market has been
started to reinforce current energy supplies.
Government succeeds in floating the Euro Bonds for two billion dollars
against an initial target of 500 million dollars.
Government announcs provision of up to Rs one million as housing credit to
enable the poor to have their own houses across Pakistan.
Introduction of 3G and 4G technology to create jobs for about 9,00,000
youth in the next four years.
FBR revenues rise from Rs. 1,679 billion to Rs. 1,955 billion in the first 11
months of the current year.
Remittances, which were recorded at $11.6 billion during July-April 2012-13,
rise to $12.9 billion for the same period this year, showing an increase of
11.5%.
Government has allocated a huge amount of over Rs 26 billion for health
sector.
Government has revived efforts to promote Islamic banking and financial
system in the country.
Number of beneficiaries under the BISP to be increased from 4.8 million to
5.3 million - an increase of 29% since 2012-13.
Monthly stipend under BISP being enhanced by another 25% by raising it to
Rs 1500.
Government settled circular debt and added some 1700 MW in the national
grid.
3G-4G technology to create estimated 900,000 jobs in the next four years.
PSDP to be increased from Rs.425 billion during 2013-14 to Rs.525 next
year, an increase of nearly 24%.
GDP growth to gradually rise to 7.1% by FY 2016-17.
Inflation to be maintained in single digit throughout the medium term.
Investment to GDP ratio will rise to 20% at the end of medium term.
Fiscal deficit to be brought to down to 4% of GDP by 2015-16 and
maintained at this level afterward.
Tax to GDP ratio will be increased 13% by the year 2016-17.
Pakistans foreign exchange reserves to be increased to more than $22
billion at the end of 2016-17.
Government investing Rs.42 billion for water storage projects in various

parts of the country.

Rs.205 billion to be invested in power sector.
Rs.25 billion allocated for land acquisition for Karachi-Lahore motorway this
year and Rs.30 billion in the next years development budget.
Government has allocated amounts for doubling of track from Khanewal to
Lalamusa, covering a major portion of the north-south mainline.
Allocations have been made for rehabilitation of track from Karachi to
Khanpur and Khanpur to Lodhran.
Allocations have also been made to strengthen and rehabilitate 159 weak
railway bridges.
Allocations have been made in the current budget to add more than 500
engines to the system through procurement and repair.
Around 1500 new wagons/bogeys are also being arranged.
Rs.20 billion allocated for 188 projects of the Higher Education Commission.
Funding for the provincial programmes for population welfare has been kept
at Rs.8.2 billion.
Government, through the State Bank of Pakistan, to provide guarantee to
commercial, specialized and micro finance banks for up to 50% loss sharing.
The scheme will cover farmers having up to 5 acres irrigated and 10 acres
non-irrigated land holdings benefiting 300,000 farmer households/families with
a loan size up to Rs.100,000 with disbursement under this scheme will be Rs.30
billion.
Crop loan insurance scheme introduced for farmers with landholdings of
12.5 acers. From this budget, the scope of CLIS premium reimbursement is
being enhanced up to 25 acres.
700,000 farmers households/families to benefit from this scheme. Total
budget cost of the scheme is Rs.2.5 billion.
Live Stock Insurance scheme to benefit 100,000 Livestock farmer
households/families.
Gross revenue receipts of the federal government for 2014-15 are
estimated at Rs.3,945 billion compared to the revised figures of Rs.3,597 billion
for 2013-14, showing an increase of 10%.
Share of provincial governments out of these taxes will be Rs.1,720 billion
as compared to Rs.1,413 billion revised estimates for 2013-14, showing an
increase of about 22%.
Net resources left with the federal government to be Rs.2,225billion
compared to the revised estimates of Rs.2184 billion for last year.
Government raises the level of provincial transfers over the last year from
Rs.1,215 billion to Rs.1,720 billion.
Total expenditure for 2014-15, is budgeted at Rs.3,937 billion compared to
the revised estimates of Rs.3,844 billion for 2013-14, showing meager increase
of 2% which is much lower than the inflation rate.
The budgetary needs of our Armed Forces as per their needs have been
duly provided in the budget. The current budget is estimated at Rs.3,130
billion for 2014-15 against a revised estimate of Rs.2,935billion for 2013-14,
showing an increase of 6.6%.