Government expenditure: GDP of Pakistan in 2002-03 was 392,210,4 million rupee. Public sector share? Private sector share? GDP&=public sector+pvt.sector. 3922104‗898200+? 3922104898200‗4820304 m rupee. Current expenditure A)federal b)provincial Development expenditure Net lending to PSE,S Statistical discrepancy Total expenditure
900000 800000 700000 600000 500000 400000 300000 200000 100000 0 -100000
791700 million rupee 599800. 19100. 129200. -22700. 3200. 898200.
current exp federal provincial development net lending s.discrepancy total exp. 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
RATIOS OF EXPENDITURE Current exp is part of total exp and is 88 %( 791700÷898200) of it.
And20 % of GDP. Federal exp.is 6% of total exp.and 75 % of current exp. Provincial share is 2%of total exp.And 24 % of current exp. Development exp.the other category of expenditure, its share is 14% of total exp and 3% of GDP. Net lending is 2.6% of t.expenditure. S.discrepency is 0.35% of t.expenditure.
GOVERNMENT REVENEUS: Government gets revenue to finance its expenditures from two main sources: A) tax revenue. B) Non tax revenue. Where as tax revenue is collected in form of direct tax &indirect tax. where as indirect tax is further categorized in Sales tax Excise duty Tax on international trade. Surcharges Others. 1.Tax revenues A)direct tax b)indirect tax •
• •
Excise duty Sale tax Tax on I. trade Surcharges Others
• • 2)non tax revenue Total revenue(1+2)
555800.00 million rupee 157886.00 397914.00 45437.00 195138.00 68835.00 68230.00 20274.00 165000.00 720800.00
total reveneu 800000 1)tax reveneu
700000
a.direct tax
600000 500000
b.indirect tax
400000
excise duty
300000
sale tax
200000
tax on I.T
100000
surcharges
0 1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
others 2)non tax reveneu total reveneu
TAX TO GDP RATIO: (Direct tax÷GDP)×100→157886÷3922104. =4% D.tax to total tax revenue=28% Indirect tax to GDP=10% Indirect tax to total revenue=71% Non tax revenue to total revenue=23% Total revenue to GDP=10%
Assignment#1
Submitted to: Sir G.M.Sajjid. Submitted by: Afeefa-ur-Rahman. Date: 15th October 2009. M.Sc economics 1st semester