Budget 2013-2014 at a glance


Total budget for the 2013-2014: Rs 3,591 billion

Total revenue: Rs 1,502 bn

  • PSDP Rs. 1155 bn upto 35.7 pc
  • Forex reserves to be increased to $ 20 bn by 2016
  • Fiscal deficit to be reduced by 6.3 pc by 2013-2014
  • Fiscal deficit to be reduced to 4 pc of GDP by 2016
  • Fiscal deficit of 2012-1013 is likely to be 8.8 pc
  • Rs 2.59 tr to be collected as taxes
  • Inflation to be kept in one digit
  • GDP growth is to raised by 7 pc
  • Tax to GDP ratio to be raised to 15 pc by 2015
  • Investment to GDP ratio to be increased to 20 pc
  • Programme to sell state assets to be revised
  • Professional managers to run state run firms
  • GST increased from 16 pc to 17 pc
  • Corporate taxes to be reduced in 5 years from 35 pc to 30 pc
  • Rs 59 bn allocated for new water reservoirs
  • Rs. 225 bn allocated for energy projects
  • Circular debt to be addressed in 60 days
  • Ra 31 bn for railways restructuring
  • Pension to be increased by 10 pc. No raise in salaries
  • Minimum pension raised from Rs.3000 to Rs 5000
  • Rs 3 bn allocated for laptop scheme for HEC recognized institutions
  • PM’s microfinance scheme for soft loans with zero percent mark up
  • Expenditures of PM office reduced from Rs 726 to 396 m
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