DOCUMENT No. 18 

Salient Features of Budget 2002-2003

June 16, 2002 

                The budget 2002-03 has the following salient features:

a.                    The total outlay of budget 2002-2003 is Rs. 742 billion. This size is 1.3 per cent lesser than the budget estimates 2001-2002 and 4.1 per cent over the revised estimates 2001-2002.

b.                   The resource availability during 2002-2003 has been estimated at Rs. 761 billion showing an increase of 2.7 per cent and 8.3 per cent over budget estimates 2001-2002 and revised estimates 2001-2002 respectively.

c.                    Net revenue receipts for 2002-2003 have been estimated at Rs. 481 billion which indicates an increase of 5.2 per cent over the revised estimates 2001-2002 and increase of 6.1 per cent over budget estimates 2001-2002.

d.                   The capital receipts (net) for 2002-2003 have been estimated at Rs. 35.9 billion against Rs. (-) 5.8 billion in the budget estimates 2001-2002 and Rs. (-) 73.8 billion in the revised estimates 2001-2002 respectively.

e.                    The receipts from external resources in 2002-2003 are estimated at Rs. 198 billion. This shows a decrease of 24.1 per cent over the budget estimates for 2001-2002.

f.                     The overall expenditure during 2002-2003 has been estimated at Rs. 742 billion of which the current expenditure is Rs. 608 billion and development expenditure Rs. 134.0 billion. Current expenditure shows a decline of 2.3 per cent and development expenditure an increase of 3.1 per cent over budget estimate 2001-2002. When compared with revised estimates, the current expenditure decreased by 6.3 per cent and the development expenditure increased by 7.5 per cent.

g.                   The share of current expenditure in total budgetary outlay for 2002-2003 is 82.0 per cent which is same in budget and 83.9 per cent in revised estimates for 2001-2002.

h.                   The expenditure on running of civil government inclusive of Superannuation Allowance and Pensions (Rs. 34.8 billion) is estimated at Rs. 92.7 billion indicating an increase of 15 per cent over budget estimates 2001-2002 and 9.4 per cent over revised estimates 2001-2002.

i.                     The provinces will get Rs. 193.5 billion during 2002-2003 which is 1.7 per cent and 10.5 per cent higher than budget estimates 2001-2002 and revised estimates 2001-2002 respectively.

j.                     The size of public sector development programme for 2002-2003 is Rs. 134.0 billion. This shows an increase of 3 per cent over the budget estimates for 2001-2002 and 7.5 per cent over the revised estimates 2001-2002. n

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