BUDGET 2014-15 (Development Expenditure)

6

The above figure 3 & 4 shows the comparative study of Total Revenues (internal and external)
over total expenditures (current and development) for FY 2013-14 and FY 2014-15. It can be
concluded that there is an increase in total revenues as well as total expenditures has been
budgeted for the FY 2014-15.


Figure-5

The above figure shows the divison of development expenditures among its sub divisions
which are Federal PSDP, other development expenditure, Development loans and grants
to provinces and sum of all. The variation in Federal PSDP and other development
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
R
s
.

i
n

m
i
l
l
i
o
n
s

Development Expenditures
Budget (2014-15)
Budget (2013-14)
BUDGET 2014-15 (Development Expenditure)

7

expenditure is not much but their is some kind of variation can be seen in Development
loans and grants to provinces for the FY 2013-14 & FY 2014-15.


3. CONCLUSION:
Our focus of study focus is the expenditure side specifically the development par of
expenditures for the FY 2014-15. Giving a brief overview of the notable differences in the
expenditure side vis-a-vis previous budget:
Expenditure brief 2014-2015
Total Expenditure is expected to be Rs. 4.3 trillion.
Otherwise, there is not much happening on the expenditure side. Also any breach on the
expenditure side is often internally adjusted by cutting the development expenditure
(PSDP primarily). Nonetheless, few noteworthy points are:
o Allocation for subsidies have been reduced from 323 bn to 203 bn. All of this
reduction is coming from less subsidy for both WAPDA/PEPCO and KESC.
This will be a challenging task.
o Grants to provinces is expected to decrease from 53.8 billion to 24.3 billion.
What is surprising is that the Grants under other various heads have been
increased from 282 billion to 338 billion.
o Allocation for BISP has been increased from 70 billion to 97 billion which is
very pleasing to me personally.


BUDGET 2014-15 (Development Expenditure)

8


4. REFERENCES:
http://www.jstor.org/discover/10.2307/41259710?uid=3738832&uid=2&uid=4&sid=21103962954981
http://finance.gov.pk/budget/Budget_in_Brief_2014_15.pdf
http://globalcentre.org/upload/44.pdf
http://www.opfblog.com/17865/salient-features-of-pakistan-budget-2014-15/
http://www.businessdictionary.com/definition/budget.html
http://www.investopedia.com/terms/b/budget-deficit.asp
http://www.yourarticlelibrary.com/economics/5-important-concepts-of-budgetary-deficit-is-as-
follows/2681/
http://en.wikipedia.org/wiki/Deficit_spending
http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=Keynesian+model
http://defence.pk/threads/simplified-budgetary-accounting-and-what-to-expect-2014-2015.317461/
http://www.kabanico.com.pk/Finance%20Bill%202014-15.pdf
http://investorguide360.com/wp-content/uploads/2014/06/Summit-Research.pdf
http://www.deloitte.com/view/en_PK/pk/2b5318d622f3f310VgnVCM3000003456f70aRCRD.htm#
http://www.deloitte.com/assets/Dcom-Pakistan/Local%20Assets/Documents/Budget%202014-15.pdf