| Pakistan: Salient features of the budget 2017-18 | |
|---|---|
| The total outlay of budget 2017-18 is Rs 5,103.8 billion. This size is 4.3% higher than the size of budget estimates 2016-17. | The resource availability during 2017-18 has been estimated at Rs 4,713.7 billion against Rs 4,442 billion in the budget estimates of 2016-17. |
| The net revenue receipts for 2017-18 have been estimated at Rs 2,926 billion indicating an increase of 5.3% over the budget estimates of 2016-17. | The provincial share in federal taxes is estimated at Rs 2,384.2 billion during 2017-18, which is 11.6% higher than the budget estimates for 2016-17. |
| The net capital receipts for 2017-18 have been estimated at Rs 552.5 billion against the budget estimates of Rs 453.6 billion in 2016-17 i.e. an increase of 21.8%. | The external receipts in 2017-18 are estimated at Rs 837.8 billion. This shows an increase of 2.2% over the budget estimates for 2016-17. |
| The overall expenditure during 2017-18 has been estimated at Rs 5,103.8 billion, out of which the current expenditure is Rs 3,763.7 billion and development expenditure is Rs 1,340.1 billion. | The share of current and development expenditure respectively in total budgetary outlay for 2017-18 is 73.7% and 26.3%. |
| The expenditure on General Public Services is estimated at Rs 2,553.6 billion which is 67.8% of the current expenditure. | The development expenditure outside PSDP has been estimated at Rs 152.2 billion in the budget 2017-18. |
| The size of Public Sector Development Programme (PSDP) for 2017-18 is Rs 2,113 billion. Out of this, Rs 1,112 billion has been allocated to provinces. Federal PSDP has been estimated at Rs 1,001 billion, out of which Rs 377.9 billion for Federal Ministries/Divisions, Rs 380.6 billion for Corporations, Rs 30 billion for Prime Minister’s SDGs Achievement Programme, Rs 40 billion for Special Federal Development Programme, Rs 12.5 billion for Energy for All, Rs 12.5 billion for Clean Drinking Water for All, Rs 7.5 billion for Earthquake Reconstruction and Rehabilitation Authority (ERRA), Rs 5 billion for Special Provision for Competition of CPEC Projects, Rs 45 billion for Relief and Rehabilitation of IDPs, Rs 45 billion for Security Enhancement, Rs 20 billion for Prime Minister’s Initiative and Rs 25 billion for Gas Infrastructure Development Cess. | To meet expenditure, bank borrowing has been estimated for 2017-18 at Rs 390.1 billion, which is significantly lower than revised estimates of 2016-17. |
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| Pakistan: month-wise workers’ remittances (Provisional) (Million US Dollar) | |||||
|---|---|---|---|---|---|
| Monthly Cash Inflow (including FEBCs & FCBCs) | FY2018 | FY2017 | FY2016 | YoY growth (percent) | |
| FY2018 | FY2017 | ||||
| July | 1,541.67 | 1,360.28 | 1,663.47 | 13.33 | -18.23 |
| August | 1,954.46 | 1,767.73 | 1,527.19 | 10.56 | 15.75 |
| September | 1,293.88 | 1,612.36 | 1,775.15 | -19.75 | -9.17 |
| October | 1,654.45 | 1,561.02 | 1,541.21 | 5.99 | 1.29 |
| November | 1,576.72 | 1,618.35 | 1,565.19 | -2.57 | 3.40 |
| December | 1,723.57 | 1,585.37 | 1,616.13 | 8.72 | -1.90 |
| January | 1,638.72 | 1,488.37 | 1,466.38 | 10.10 | 1.50 |
| February | 1,450.17 | 1,417.06 | 1,521.92 | 2.34 | -6.89 |
| March | 1,772.77 | 1,694.49 | 1,711.15 | 4.62 | -0.97 |
| April | – | 1,538.94 | 1,656.46 | – | – |
| May | – | 1,867.15 | 1,799.43 | – | – |
| June | – | 1,840.28 | 2,073.08 | – | – |
| Jul-Jun | – | 19,351.40 | 19,916.76 | – | – |
| Monthly average for period Jul-Jun | 537.04 | 1,612.62 | 1,659.73 | – | – |
| Monthly average | 1,622.93 | 1,612.62 | 1,659.73 | – | – |
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| Overview of the World Economic Outlook Projections (Percent change unless noted otherwise) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Details | Year over Year | Q4 over Q4 | |||||||
| Estimate | projection | Difference from October 2017 WEO Projections | Estimate | projection | |||||
| 2016 | 2017 | 2018 | 2019 | 2018 | 2019 | 2017 | 2018 | 2019 | |
| World Output | 3.2 | 3.7 | 3.9 | 3.9 | 0.2 | 0.2 | 3.9 | 3.9 | 3.8 |
| Advanced Economies | 1.7 | 2.3 | 2.3 | 2.2 | 0.3 | 0.4 | 2.4 | 2.3 | 2 |
| United States | 1.5 | 2.3 | 2.7 | 2.5 | 0.4 | 0.6 | 2.5 | 2.7 | 2.4 |
| Euro Area | 1.8 | 2.4 | 2.2 | 2 | 0.3 | 0.3 | 2.4 | 2.1 | 2 |
| Germany | 1.9 | 2.5 | 2.3 | 2 | 0.5 | 0.5 | 2.8 | 2.1 | 2.1 |
| France | 1.2 | 1.8 | 1.9 | 1.9 | 0.1 | 0 | 2.2 | 1.8 | 1.9 |
| Italy | 0.9 | 1.6 | 1.4 | 1.1 | 0.3 | 0.2 | 1.5 | 1.4 | 0.9 |
| Spain | 3.3 | 3.1 | 2.4 | 2.1 | –0.1 | 0.1 | 3 | 2.2 | 2 |
| Japan | 0.9 | 1.8 | 1.2 | 0.9 | 0.5 | 0.1 | 2 | 0.9 | –0.3 |
| United Kingdom | 1.9 | 1.7 | 1.5 | 1.5 | 0 | –0.1 | 1.3 | 1.5 | 1.5 |
| Canada | 1.4 | 3 | 2.3 | 2 | 0.2 | 0.3 | 3 | 2.2 | 1.9 |
| Other Advanced Economies 3/ | 2.3 | 2.7 | 2.6 | 2.6 | 0.1 | 0.1 | 2.7 | 2.5 | 2.9 |
| Emerging Market and Developing Economies | 4.4 | 4.7 | 4.9 | 5 | 0 | 0 | 5.2 | 5.3 | 5.3 |
| Commonwealth of Independent States | 0.4 | 2.2 | 2.2 | 2.1 | 0.1 | 0 | 2.2 | 2.1 | 1.7 |
| Russia | –0.2 | 1.8 | 1.7 | 1.5 | 0.1 | 0 | 2.3 | 1.9 | 1.6 |
| Excluding Russia | 1.9 | 3.1 | 3.4 | 3.5 | 0.1 | 0 | . . . | . . . | . . . |
| Emerging and Developing Asia | 6.4 | 6.5 | 6.5 | 6.6 | 0 | 0.1 | 6.8 | 6.5 | 6.5 |
| China | 6.7 | 6.8 | 6.6 | 6.4 | 0.1 | 0.1 | 6.7 | 6.5 | 6.4 |
| India 4/ | 7.1 | 6.7 | 7.4 | 7.8 | 0 | 0 | 7.9 | 7.4 | 7.8 |
| ASEAN-5 5/ | 4.9 | 5.3 | 5.3 | 5.3 | 0.1 | 0 | 5.4 | 5.4 | 5.3 |
| Emerging and Developing Europe | 3.2 | 5.2 | 4 | 3.8 | 0.5 | 0.5 | 4 | 4.8 | 3.7 |
| Latin America and the Caribbean | –0.7 | 1.3 | 1.9 | 2.6 | 0 | 0.2 | 2.2 | 2.3 | 2.6 |
| Brazil | –3.5 | 1.1 | 1.9 | 2.1 | 0.4 | 0.1 | 2.5 | 2.2 | 2 |
| Mexico | 2.9 | 2 | 2.3 | 3 | 0.4 | 0.7 | 1.4 | 2.9 | 2.8 |
| Middle East, North Africa, Afghanistan, and Pakistan | 4.9 | 2.5 | 3.6 | 3.5 | 0.1 | 0 | . . . | . . . | . . . |
| Saudi Arabia | 1.7 | –0.7 | 1.6 | 2.2 | 0.5 | 0.6 | –1.4 | 2.5 | 2.2 |
| Sub-Saharan Africa | 1.4 | 2.7 | 3.3 | 3.5 | –0.1 | 0.1 | . . . | . . . | . . . |
| Nigeria | –1.6 | 0.8 | 2.1 | 1.9 | 0.2 | 0.2 | . . . | . . . | . . . |
| South Africa | 0.3 | 0.9 | 0.9 | 0.9 | –0.2 | –0.7 | 1.2 | 0.5 | 1.1 |
| Memorandum | |||||||||
| Low-Income Developing Countries | 3.6 | 4.7 | 5.2 | 5.3 | 0 | 0.1 | . . . | . . . | . . . |
| World Growth Based on Market Exchange Rates | 2.5 | 3.2 | 3.3 | 3.2 | 0.2 | 0.2 | 3.3 | 3.3 | 3 |
| World Trade Volume (goods and services) 6/ | 2.5 | 4.7 | 4.6 | 4.4 | 0.6 | 0.5 | . . . | . . . | . . . |
| Advanced Economies | 2.6 | 4.1 | 4.3 | 4.2 | 0.6 | 0.7 | . . . | . . . | . . . |
| Emerging Market and Developing Economies | 2.3 | 5.9 | 5.1 | 4.8 | 0.4 | 0.2 | . . . | . . . | . . . |
| Source: IMF | |||||||||