ISLAMABAD: As many as Rs 4,900,724 million total revenue were collected bythe government during the fiscal year 2018-19, including Rs 4,473,422million tax revenues and Rs427,302 million non-tax revenues, according toofficial data.
The tax revenues included Rs4,071,619 million federal revenues andRs401,803 revenues collected by the provinces, whereas the non-tax revenuesincluded, Rs341,006 million collected by the federal government andRs86,296 million collected by the provincial government.
On the other hand, the total expenditures during the period under reviewstood at Rs8,345,640 million including Rs7,104,031 current expenditure,Rs1,219,192 development expenditure and net lending and Rs22,417 millionstatistical discrepancy.
The data revealed that the current expenditure included Rs2,091,126 millionmark-up payments and Rs1,146,793 million defence expenditure.
The budget deficit has been calculated at Rs3,444,916 million whereas theexternal and domestic financing stood at Rs3,444,916 including Rs764,986non-bank finance and Rs2,263,224 bank finance.
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The total revenues stood at 12.7 percent of GDP, out of which the share oftax revenue stood at 11.6 percent and non-tax revenues 1.1 percent.
The total expenditures during the period stood at 21.6 percent of GDP, ofwhich the share of current expenditures stood at 18.4 percent anddevelopment expenditure and net lending at 3.2 percent.
Based on the figures, the budget deficit during the fiscal year 2018-19 wasrecorded at 8.9 percent of GDP, the data revealed.
