Preface ministry of finance government of pakistan. Statutory rate of 14% sindh sales tax is proposed to be reduced to %. Sindh announces deficit budget for fy 201617 ary news. The federal budget 201617 is the federal budget of pakistan for the fiscal year beginning from 1 july 2016 and ending on 30 june 2017. Jun 03, 2016 finance minister ishaq dar has unveiled a budget with a total outlay of rs 4. Budget 201617, voluntary declaration of foreign accounts cpec projects earmarked rs 33. Wisd 2016 2017 budget book page 6 executive summary waller independent school district fiscal year 20162017 budget information the following document represents the financial plan for the waller independent school district for the 2016. This left a difficult task for the 2016 17 budget, with a target of.
Murad ali shah announced in the session of provincial assembly of sindh. Sindh chief minister murad ali shah, who also holds the finance portfolio, unveiled the provincial budget for fiscal 201718 with an outlay of rs1. Sindhs budget speech devoted the maximum number of pages to education. Our solid budget position means that we can invest record amounts into infrastructure and services for the people of nsw. Transport books and publishing cottage and small scale forestry information technology textile tobacco tourism. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 20162017, budget impact, exclusive coverage of budget 2016 news, india union budget 20162017, budget. Budget book 201617 strategic context in recent years the government policy frameworks have been reducing core funding for local government as part of its deficit reduction strategy and increasingly incentivising funding to councils to deliver local economic and housing growth and to. It provides an analysis of the trends in the receipts and expenditure for the last few years, sectoral. This emphasis on education was reflected in the 24 percent increase from the 201617 education budget of pkr 163. Housing revenue account revenue capital general fund capital revenue revenue spending is on daytoday costs like employees, premises and transport. Knowledge sharing session on budget process with parliamentarians.
The savings agreed in previous years budgets produced a 201516 budget that was highly efficient. Proposalsrecommendations for the sindh education budget fy 201617. For 201617, the delhi government has a planned an outlay of inr 20,600 and a nonplanned outlay of inr 26,000 crore. Volumeiii pink book current revenue expenditure volumei annual budget statement volumeii receipts budget estimates parta volumeii receipts. Sindh government starts preparation for budget 201718. In his budget speech, shah stated that the budget for the financial year 201718 reflects a 19. Jun 05, 2017 sindh government monday presented its fifth budget for 201718 with a total outlay of rs 1. Actual budget 201516, budget estimate 201617, revised forecast 201617. The government has set an ambitious growth target at 5. As we move into 2016 17, we continue to budget for a modest surplus on our current account. Provincial government need to prioritize budget allocation within sector from. A sum of 100b will be spent on new and existing universities and colleges in. Sindh govt to increase development budget in upcoming. Officials at the sindh finance department said a notification had been circulated to all departments for submission of revised estimates of 20162017, budget estimates for fiscal year 20172018.
One of the aim s of the book is to give readers a clearer picture of the scope of services provided by rushmoor borough council and their estimated cost. The budget for 201617 was approved at council on 2 march 2016. The annual budget statement containing estimated receipts and expenditure for financial year 201617 is being tabled in the national assembly of pakistan and transmitted to the senate of pakistan as required under article 801 and 731 of the constitution of the islamic republic of pakistan. State revenue legislation amendment budget measures bill 2016 overview of bill the object of this bill is to appropriate from the consolidated fund various sums of money required during the 201617 financial year for the services of the government, including.
The 201617 union budget was presented by arun jaitley, the union finance minister, on 29 february 2016. Gross revenue receipts of the federal government for 201617 are estimated at rs. In sindh, children read the english with its sindhi translation out loud in class so. Sindh govt presents budget 201617 with total outlay of rs. The main elements of the councils budget are described below together with the impact of financial policies on the c ouncil tax payers of the borough. The budget was presented in the parliament by the minister of finance, ishaq dar on june 3, 2015. Sindh govt employees salary and pension increased 10% in. The sindh government is likely to allocate rs214 billion for development in the budget for the financial year 201617, which is scheduled to be presented by the finance minister on june 11.
Proposals 2016 17 in 2016 17, the government should factor. The minister for finance, government of sindh, presented the 2016 17 budget today and we are pleased to provide our commentary on the sales tax and certain other changes proposed therein. As is expected, there were some things that became economical while there were a. Budget book 201617 contents page introduction 35 general fund summary 6 services and activities summary 78 housing revenue account 9 capital programme 1011 reserves 12 council tax and parish precepts breakdown of parish precepts 1415 budget book 201617 page 2. The minister for finance, government of sindh, presented the 201617 budget today and we are pleased to provide our commentary on the sales tax and certain. Public financing of education in pakistan by institute of social and. The enclosed budget pack is as was presented and approved at the meeting of full council on 19 february 2016.
This emphasis on education was reflected in the 24 percent increase from the 2016 17 education budget of pkr 163. Koramangala startups hail budget 2016, but seek more clarity. The punjab government and federal finance division salary notification are expected in annual budget 20162017 pakistan. Walter pacholczak, vice president of government affairs overview once again, governor andrew cuomo combined his annual state of the state address and the executive budget presentation at the empire state capital. The overall pot of council tax grants legacy has increased slightly from. Budget 2016 contents page summary of 2016 budget measures policy changes a1. Education budget proposals for financial year 201617. Live budget news et brings you 360 degree coverage of the budget 201617. The minister for finance, government of sindh, presented the 201617 budget today and we are pleased to provide our commentary on the sales tax and certain other changes proposed therein. Other areas of potential cost savings that will be pursued in fiscal year. Now i turn towards the estimates of revenues and expenditures for the next fiscal year. Housing revenue account revenue capital general fund capital revenue revenue spending is on day. Budget report 2016 17 when i presented the budget to tynwald last year, i set out how we intended to rebalance the revenue budget by 201516.
List of full time equivalent posts per cost centre. However, volume of resources decreased to rs 4,099. This budget highlights is prepared on the basis of our understanding of the finance bill at the time of its publication. Sindh govt to increase development budget in upcoming fiscal.
It contains a summary of the budget agreed by cabinet on 22 february 2016 and council 3 march 2016, further information regarding funding, general fund balances, earmarked reserves and how the council tax is set. Highlights of pakistan budget 201617 this entry was posted in pak economy on june 3, 2016 by admin updated on june 3, 2016 finance minister ishaq dar has unveiled a budget with a total outlay of rs 4. In pursuance of services, general administration and coordination deparments notification. Sindh govt employees salary and pension increased 10% in budget 20162017. The federal budget 201617 is the federal budget of pakistan for the fiscal year beginning from.
Local government finance and budget setting 201617 background the councils spending can be categorised in the following way. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. At endjune 2016, sindhs total debt was prs 267 billion, or only 1. Budget report 201617 when i presented the budget to tynwald last year, i set out how we intended to rebalance the revenue budget by 201516. As we move into 201617, we continue to budget for a modest surplus on our current account. Sindh budget commentary 201617 deloitte montenegro. In recent years the government policy frameworks have been reducing core funding for local. The pakistan peoples partyled sindh government presented on saturday a rs869. This size was higher by 10% than the size of budget 201516. Fivefold hike in government budget for funding startups in next fiscal. During the financial year 201617, three 03 assistant private secretaries bs16 were. Federal budget 201617 salary increase pension chart. The total budget for education was also increased from rs163. Kmi 30 index kse 30 index kse 100 index governmentowned companies.
Chief minister of sindh murad ali shah placed education as a priority in his budget speech for 201718 presented to sindh assembly in june. We are pleased to provide our commentary on the significant amendments proposed in provincial sales tax laws of both the provinces as well as on the changes proposed in the stamp duty act, 1899 by the provincial government of punjab. Highlights of pakistan budget 201617 overseas pakistani. Sindh govt announces budget for fiscal 201718 with rs1. Local government will be expected to be selffunding by 202021. The government continues to deliver robust iscal results with a surplus of. Comparison of sindh education budget 201617 with 201516 in. Budget at a glance r e f a c ep this volume of budget 201617, andhra pradesh budget in brief provides an overview of the budget proposals of the government for the year. Preface the annual budget statement containing estimated receipts and expenditure for financial year 2016 17 is being tabled in the national assembly of pakistan and transmitted to the senate of pakistan as required under article 801 and 731 of the constitution of the islamic republic of pakistan. It was the ninth consecutive budget presented by the ppp since the 2008 general elections.
Trend of sindh budget allocation to health sector 20102016 7 years trend. Budget book 201617 2 this page is intentionally left blank 3. Despite these increasing budget rigidities, the government was able to increase its operating. Officials at the sindh finance department said a notification had been circulated to all departments for submission of revised estimates of 2016 2017, budget estimates for fiscal year 20172018. Sindh budget 201920 pdf pakistan download available here. The pack was subject to some late amendments as a result of the late finalisation of the local government finance settlement, and also the late notification of a reduction in the public health grant. The sindh chief minister, syed murad ali shah, who also holds the portfolio of the finance minister, said, the total outlay of the budget is over rs 1. Annual development programme 201617 punjab economic.
Review of the budget 201617 the resource availability during 201617 had been estimated at rs 4,442 billion. Education budget proposals for financial year 2016 17. It provides aggregated information on revenues and expenditures budgeted for fiscal year 2016 17 alongwith budget estimates and revised estimates for the outgoing fiscal year 201516. Jan 01, 2016 an index of publications on the 2016 17 budget. The speech recalled president roosevelts words to assert the importance of education. Other areas of potential cost savings that will be pursued in fiscal year 1617 will be moving towards selfinsured health insurance expense. Overall, the tax measures introduced are aimed at expanding the tax base by offering reduction in sales tax rate and adding 6 new taxable services and. Educations got the lions share in sindh budget 201718, as rs202. Karachi saturday, 11 june 2016 breaking news today government of sindh has presented its annual fiscal budget for the year 20162017. Jun 11, 2016 sindh announces deficit budget for fy 2016 17 web desk on jun 11, 2016 syed murad ali shah said that total revenue expenditure is estimated to grow by. Oicci taxation proposals 2016 17 sindh provincial levies 7 p a g e recommendation the reduction in sales tax on services by 1% in the 201516 sindh finance act should be continued in the next coming budget and gradually reduced to 10% over the next three years for registered entities, whilst the current rate should be maintained for. Request for eoi for establishment of internal audit functions in govt. Iom government budget 201617 isle of man government. Preface the budget in brief presents a synopsis of the federal budget 2016 17.
This shall provide substantial relief to the general body of taxpayers as well as the consumersthe service recipients. The chart below outlines what the councils capital programme will be spent on in 201617. The following table shows an illustration of staffing levels over the last two years these figures include local, state, and federally funded staff. This was the second budget presented by the aap government. India budget analysis 201617 nishith desai associates.
In the last year, india has been an outlier of growth in the global economy with economic growth accelerating to 7. We will shortly be circulating our more detailed comments on budget 201617. The sindh government is likely to allocate rs214 billion for development in the budget for the financial year 2016 17, which is scheduled to be presented by the finance minister on june 11. The government of the sindh has increased the percentage of the budget for the police because the area of the sindh is seriously facing the problem of terrorism if the crime rate and the attacks of terrorism will not be controlled then the whole country will have to suffer thats way the sindh government has increased the quota of the budget for the sindh budget 201920 pdf pakistan download. Detailed information is available in the relevant budget documents. The budget for 201617 has been prepared against the background of the councils financial. The book comprises of a number of separate items including. Spotlight on sindh health sector budget insight medical publishing. Whereas the chief minister sindh, presented the provincial budget 201718 of sindh on june 5, 2017. Sindh announces deficit budget for fy 201617 web desk on jun 11, 2016 syed murad ali shah said that total revenue expenditure is estimated to.