Pakistan Budget '09

Budget generally refers to a list of all planned expenses and revenues. It is a plan for saving and spending. The purpose of budgeting is to:

1. Provide a forecast of revenues and expenditures i.e. construct a model of how our business might perform financially speaking if certain strategies, events and plans are carried out.
2. Enable the actual financial operation of the business to be measured against the forecast.

As above mentioned every government of each country proposed a budget for next year to planned economics of the countries. Month June is the budget month of the Pakistan, in which Pakistan plan its revenues and expenses for next year.It remained a question whether the resolution of budget in parliament is to gain political mileage or to reveal an economic action plans for next year? . Before discussing the upcoming budget of Pakistan, firstly we see the budget of 2008-09.
Budget 2008-09
In budget 2008-09 the net outlay was Rs.2010 billion which 29.7% higher then budget 2007-08.
In this budget, tax revenue was estimated 22% (Rs 568338 million) more then last budget. Non-tax revenue has been projected at Rs 427776 million in 2008-09 as compared with Rs 337593 million (26.7% higher) in budget estimates 2007-08. EXTERNAL RESOURCES
(such as, earthquake and Program loans, Global Bonds, Project loans, and other Aids and grants such IMF and World Bank) The budget estimates 2008-09 have been projected at Rs 300169 million which is 16.1 % higher than last budget estimates. For 2008-09, the expenditure has been estimated at Rs 1493183 million. The main allocation for public in such as health , security (social protection) , culture and religion and educations are Rs 5490 million, Rs 4791 million,Rs 3191 million, and Rs 24622 million respectively. In the budget estimates 2007-08 subsidies were 1.1% of GDP, in revised estimates 2007-08 at 3.9% of GDP and in the budget estimates 2008-09 reduced to 2.4% of GDP.
Budget 2009-10
In budget 2008-09 , the education and health sector ignored as compared to other main organs of states.In this budget we see that health allocation was Rs.5490 million and education was Rs.24622 million.
These two are the pillars of a state but Pakistani Current government ignored, now it is time for PPP that they realized the importance of these pillars. The Pakistani economic conditions are not so good that they developed new education centers or health care care centers in underdeveloped areas of Pakistan. Government select the already developed cities from each province and improve the these sectors for better future of Pakistan.
The external resource in the shape of non-military Aid from US that came in Pakistan in last month, can help the infra structure of educations and health.
It is hoped for PM Galni that he can't miss this issue again. In this budget he will target the education and health in larger impact.

Budget generally refers to a list of all planned expenses and revenues. It is a plan for saving and spending. The purpose of budgeting is to:

1. Provide a forecast of revenues and expenditures i.e. construct a model of how our business might perform financially speaking if certain strategies, events and plans are carried out.
2. Enable the actual financial operation of the business to be measured against the forecast.

As above mentioned every government of each country proposed a budget for next year to planned economics of the countries. Month June is the budget month of the Pakistan, in which Pakistan plan its revenues and expenses for next year.It remained a question whether the resolution of budget in parliament is to gain political mileage or to reveal an economic action plans for next year? . Before discussing the upcoming budget of Pakistan, firstly we see the budget of 2008-09.
Budget 2008-09
In budget 2008-09 the net outlay was Rs.2010 billion which 29.7% higher then budget 2007-08.
In this budget, tax revenue was estimated 22% (Rs 568338 million) more then last budget. Non-tax revenue has been projected at Rs 427776 million in 2008-09 as compared with Rs 337593 million (26.7% higher) in budget estimates 2007-08. EXTERNAL RESOURCES
(such as, earthquake and Program loans, Global Bonds, Project loans, and other Aids and grants such IMF and World Bank) The budget estimates 2008-09 have been projected at Rs 300169 million which is 16.1 % higher than last budget estimates. For 2008-09, the expenditure has been estimated at Rs 1493183 million. The main allocation for public in such as health , security (social protection) , culture and religion and educations are Rs 5490 million, Rs 4791 million,Rs 3191 million, and Rs 24622 million respectively. In the budget estimates 2007-08 subsidies were 1.1% of GDP, in revised estimates 2007-08 at 3.9% of GDP and in the budget estimates 2008-09 reduced to 2.4% of GDP.
Budget 2009-10
In budget 2008-09 , the education and health sector ignored as compared to other main organs of states.In this budget we see that health allocation was Rs.5490 million and education was Rs.24622 million.
These two are the pillars of a state but Pakistani Current government ignored, now it is time for PPP that they realized the importance of these pillars. The Pakistani economic conditions are not so good that they developed new education centers or health care care centers in underdeveloped areas of Pakistan. Government select the already developed cities from each province and improve the these sectors for better future of Pakistan.
The external resource in the shape of non-military Aid from US that came in Pakistan in last month, can help the infra structure of educations and health.
It is hoped for PM Galni that he can't miss this issue again. In this budget he will target the education and health in larger impact.

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