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NO NEW TAX IN BUDGET OF PAKISTAN'S NORTH WEST FRONTIER PROVINCE.
PESHAWAR, July 1 Asia Pulse - North West Frontier Province (NWFP) Finance Minister Farid Rehman on Friday presented the provincial government's Rs46.8 billion (US$781.56 million) revenue receipts budget for the 2002-03 financial year, showing a projected budgetary deficit of more than Rs3 billion.
The total revenue expenditure has been estimated at over Rs48.56 billion, appearing to be Rs1.796 billion over and above the Rs46.767 billion revenue receipts.
In addition to that, Rs1.263 billion deficit has been projected to be accrued as a result of an impending gap between the total current capital receipts and current capital expenditure reflected at Rs850 million and Rs2.113 billion, respectively.
However, in actual fact the budgetary deficit appears to be well over Rs12.9 billion, much greater the Rs3.1 billion deficit reflected by the provincial government in the budget document.
The Rs12.9 billion in-built budgetary deficit would accrue as the government has projected the net hydel profit share of the province for the next financial year at higher side in accordance with the 1990 A.G.N. Kazi formula.
But the budget document clearly shows a likely shortfall of Rs9.9 billion under the head of net hydel profit share, bringing the total budgetary deficit to over Rs12.9 billion.
The budget contains a wide-ranging provincial ...
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Pakistani revenue receipts fell 4.1 percent in the first six months of the current financial year and stood at Rs174.52 billion...Dawn (Islamabad) reports. The revenue receipts fell 3.56 percent in December...
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...The total revenue receipts increased by...the current financial year against Rs207...of current financial year against Rs86...year. The revenue receipts from the CED...the current financial year against Rs23...
- CAG report awaits revenue receipts.
- News wire article from: Asia Africa Intelligence Wire February 13, 2003 700+ words
...receipts to the tune of Rs 22 crore for the 2001-2002 financial year as they are required for the publication of the report of...departments, it was detected that in as many as 34 cases, revenue receipts to the tune of Rs 22 crore have not been furnished, the...
- Haryana Tourism Dept registers record revenue receipts.
- News wire article from: PTI - The Press Trust of India Ltd. May 3, 2007 700+ words
Haryana Tourism Dept registers record revenue receipts Chandigarh, May 3 (PTI) Haryana Government today said...registering revenue receipt of Rs 172 crore during the last financial year. The Department was also planning to convert tourist...
- National Bank of Pakistan to be penalised for delay in reporting revenue...
- Magazine article from: Business Recorder January 21, 2002 700+ words
...National Bank of Pakistan for the retention/late transfer of revenue receipts, causing major variation between tax collection figures...revised adjusted commodity-wise details by the end of each financial year whereas the revenue receipt audit would examine the figures...
- Revenue receipts exceed target by Rs 11.18 billion.
- Magazine article from: Business Recorder October 3, 2006 700+ words
...billion against Rs 5.2 billion and payment of customs duty rebate was Rs 4.67 billion in the first three months of current financial year against Rs 5.28 billion of last fiscal year, showing a shortfall of Rs 0.61 billion. As per data, the provisional...
- Kerala records tardy growth in revenue receipts: Study.
- News wire article from: Asia Africa Intelligence Wire September 29, 2004 700+ words
...Thiruvananthapuram, Sept. 28 - THE growth of revenue receipts in the southern States over a 25...revenue expenditure lagged that of revenue receipts by a respectable margin. The State...year - 2.7 per cent higher than revenue receipts. Though the increase in revenue expenditure...
- Revenue receipts increase, claims minister.
- News wire article from: Asia Africa Intelligence Wire April 20, 2004 700+ words
...Limited) Karachi, April 20 PPI: Revenue receipts increased from Rs. 300 million to...this year a 15 percent increase in revenue receipts has been recorded, said Sindh Minister...stamp and registration fees. He said revenue receipts increased despite reducing the rate...
- STATE REVENUES FALL PREY TO INCREASED EXPENSES (15 State governments spend...
- News wire article from: Asia Africa Intelligence Wire March 11, 2004 700+ words
...average about 75 percent of their revenue receipts on expenditure under the heads of...under these heads exceeds the total revenue receipts, thus increasing the States' revenue...accounts for 38.4 percent of the total revenue receipts. Interest payment accounts for 25...
Source: HighBeam Research, NO NEW TAX IN BUDGET OF PAKISTAN'S NORTH WEST FRONTIER PROVINCE.