Salient features of Budget 2009-10

 

 
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.