This document discusses government budgets in Pakistan. It defines different types of budgets including deficit budgets, surplus budgets, and balanced budgets. It notes that Pakistan's current budget is a deficit budget. It also outlines the key components of government budgets, including revenue budgets and capital budgets. It provides an overview of Pakistan's 2013-2014 federal budget and lists some of the areas where Pakistan spends its money, such as infrastructure, education, and health care.

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The Government Budget
Macroeconomics
The Budget
By Amir Dora & Zar Saeed

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CONTENTS
 What is Budget?
 What are types of Budget?
 Balanced Budget
 Surplus Budget
 Deficit Budget
 Pakistan Budget
 Parts of the Budget
 Reference

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What is Budget?
A budget is an annual statement of income and expenditure of a government.
Infrastructure Education Health Care

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DIFICIT BUDGET:
A Deficit budget occurs when a government's total expenditures are greater
than total revenues
For Pakistan this year’s budget is deficit budget.

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SURPLUS BUDGET:
Surplus budget occurs when government revenue exceeds its total expenditure.

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BALANCED BUDGET:
A balanced budget occurs when the total sum of money a government collects
in a year is equal to the amount it spends on goods

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PARTS OF THE BUDGET
Revenue Budget: This part of the budget consists of tax revenues, non-tax
revenues and other revenues and the expenditure to be met from these receipts.
Tax=revenue consists of the proceeds of taxes levied by the government. It
includes income tax, corporate tax, wealth tax, custom duties, surcharge, and
other taxes.
Capital Budget: This part of the budget shows capital receipts and development
payments of the government. The main form of capital receipts are loans raised
from the public, borrowing central bank through the sales of treasury bonds ad
bills, and loans received from foreign countries. Capital expenditure consists of
those expenditure suggested to spend on road railways, port , water , gas,
electricity, irrigation projects and long-term projects etc. Since these expenditure
help In raising the rate of economic growth of the economy therefore they are
called development expenditure.

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2013-14 Pakistan federal budget
 The 2013-14 Pakistan federal budget is the federal
budget of Pakistan for the fiscal year beginning from 1 July 2013
and ending on 30 June 2014. The budget was presented
by Finance Minister Ishaq Dar on 12 June 2013 during a session
of the National Assembly.

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Where Pakistan spends its money?
Where Pakistan spends its money?

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References
 http://www.thenational.ae/news/world/south-asia/pakistan-printing-cash-as-
fast-as-it-can
 Principles of Macroeconomics by N Gregory Mankiw
 http://insidefinancialmarkets.com/pakistan-budget-2013-2014-salient-features-
finance-minister-assertions-analyst-report/
 https://en.wikipedia.org/
 http://www.antiessays.com/free-essays/Budget-493835.html
 econstudents.weebly.com/uploads/8/7/4/4/8744298/budget.doc

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