The Minister of Finance Dr.

Hafeez Sheikh announced the federal budget-2012-

13 on June 1, 2012. This was first ever 5th budget of a government in the history
of Pakistan, as the previous governments have never been able to last for 5 years,
the complete tenure of the assembly.

Salient features of the National Budget 2012-13:

a)   The total outlay of budget 2012-13 is Rs 3,203 billion. This  

     size is 15.8% higher than the size of budget estimates 2011-12.
b)   The resource availability during 2012-13 has been estimated at 
     Rs 2,719 billion against Rs 2,463 billion in the budget       
     estimates of 2011-12.
c)   The revenue receipts (net) for 2012-13 have been estimated at 
     Rs 1,775 billion indicating an increase of 16.1% over the     
     budget estimates of 2011-12.
d)   The provincial share in federal revenue receipts is estimated 
     at Rs 1,459 billion during 2012-13 which is 21.2% higher than 
     the budget estimates for 2011-12.
e)   The net capital receipts for 2012-13 have been estimated at Rs 
     478 billion against the budget estimates of Rs 396 billion in 
     2011-12 i.e. an increase of 20.8%.
f)   The external receipts in 2012-13 are estimated at Rs 387      
     billion. This shows a decrease of 6.5% over the budget        
     estimates for 2011-12.
g)   The overall expenditure during 2012-13 has been estimated at Rs 
     3,203 billion of which  the  current   expenditure  is   Rs   
     2,612  billion   and   development expenditure is Rs 591      
billion. Current expenditure has been estimated to be lower   than the revised
estimates for 2011-12 by around 1%, while    development expenditure will
increase by 23.7% in 2012-13 over the revised estimates of 2011-12.
h)   The share of current expenditure in total budgetary outlay for 
     2012-13 is 81.6% as compared to 84.6% in revised estimates for 
     2011-12.
i)   The expenditure on General Public Services is estimated at Rs 
     1,877 billion which is 71.9% of the current expenditure.