Pakistan – Budget 2022-23

Outlay – total expenditure – PKR 9.5 trillion (US$46 billion)

Total revenue expected – PKR 9 trillion (US$43 billion)

Of total expenditure

  • Debt servicing – PKR 3.95 trillion (41.58%)
  • Defence – PKR 1.52 trillion (16%) – up by 11% (PKR 1.48 trillion – 2021-22)
  • Civil government – PKR 550 billion
  • Pensions – PKR 530 billion
  • Development budget – PKR 800 billion
  • Subsidies – PKR 699 billion
  • Education – PKR 90.55 billion – 2021-22 – PKR 90.86 billion
  • Health – PKR 19.03 billion – 2021-22 – PKR 154.49 billion
  • Disaster/emergency Covid provision – PKR 100 billion
  • Power sector subsidies – by 4% – PKR 570 billion / PKR 596 billion (2021-22)
  • Non-tax revenue target – increase – by 455% – PKR 750 billion / PKR 135 billion (2021-22)

Federal Public sector development plan (PSDP) – PKR 727 billion – down by 19.2% (PKR 900 billion – 2021-22)

Provincial PSDP – grants and transfers – PKR 1242 billion

Economic indicators

  • Inflation – forecast – average inflation – 11.5% – 2021-22 – 11.7%
  • Consumer-price-index based inflation – May 2022 – up – to 13.8% – y-o-y – highest in 2.5 years

Trade

  • Export – target – US$35 billion
  • Import – target – US$70 billion

Remittances expected – US$33.2 billion

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