PTI Post Budget Press Conference Slides

Per capita debt (nominal)70,00060,00050,000 Doubled in this govt.40,00030,00020,00010,000 0 2002 1990 2005 2008 2007 2003 2004 2006 2009 1995 2010 R 1999 2011 R

Inflation (CPI)

GDP Growth

Investment

Stagflation

Putting down the perspective 1. Slowest growth period in the history of Pak even lower than Sub Saharan region 2. India’s Per Capita growth rate of 6% will double its per capita Income in 12 years & with Pakistan’s 1% per capita growth rate the income of a Pakistani will double in 70 years GDP % Change at Constant Price Pakistan Sub-Saharan Region 6.00 5.00 4.00 3.00 2.00 1.00 0.00 2008 2009 2010 2011 2012(E) 2013(E) PTI Post Budget Press Briefing

Increasing Fiscal Squeeze Current Expenditure Interest Payments as a % of Development Expenditure Net Federal Revenues 3,000 65% 60% 2,000 55% 1,000 50% 45% - 40% FY09 FY10 FY11 FY12(E) FY09 FY10 FY11 FY12(E) Fiscal Deficit as a % of GDP 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% FY09 FY10 Post Budget Press Briefing PTI FY11 FY12(E)

Meaningless Budget Exercise1. The budget exercise is meaningless as Govt always misses targets by a wide margin2. The cumulative deficit of the Govt in the last 4 years has been 61% greater than what was budgeted3. This despite the fact that in the last 4 years Govt reduced its development expenditure by PKR 450 Bn v/s what was originally budgeted PTI Post Budget Press Briefing

Budget FY 12 & FY13 PKR Bn FY12 FY13 Budgeted Estimated Budgeted* Estimated * Tax Revenues 2,074 2,044 2,481 2,371 FBR Revenues 1,952 1,920 2,332 2,227 Other Taxes 122 124 150 144 Non-Tax Revenue 658 450 552 522 Gross Revenue Receipts 2,732 2,494 3,033 2,893 Less: Provincial Transfers 1,203 1,186 1,421 1,421 Net Revenue Receipts 1,529 1,308 1,612 1,517 Current Expenditure (Not including Foreign loan repayment) 2,072 2,758 2,387 2,729 Interest Payment 791 833 935 999 Defense 495 495 545 570 Subsidies (current) 166 325 166 360 Others 619 1,105 741 800 Development Expenditure 397 290 350 350 PSDP - Federal 300 240 350 350 PSDP - Total 730 825 800 Less: Provincial Share 430 475 450 Estimated Operational Shortfall - - Other development expenditure 97 50 Net lending 36 36 50 Total Expenditure (Federal) 2,505 3,048 2,737 3,129 Federal Fiscal Deficit (976) (1,740) (1,125) (1,612) Provincial cash Balance 125 - 110 - Consolidated Fiscal Deficit (851) (1,740) (1,015) (1,612)Source: Budget Documents, MoF, Newspaper and Professional Research Budget PTI Post Press Briefing

Financing the Fiscal Deficit PKR Bn 2000 1800 90 1600 150 1400 1200 1000 991 800 600 400 550 200 0 FY12 SBP BanksPTI Post Budget Press Briefing NSS External

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PTI Post Budget Press Conference Slides

by Pakistan Tehreek-e-Insaf on Jun 03, 2012

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PTI Post Budget Press Conference Slides Presentation Transcript