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KARACHI: The country has projected to receive Rs896 billion from external sources during 2015-16, which included both plan and non-plan resources.
The budget documents showed that the country estimates to receive loans of Rs751.5bn from plan external resources, including Rs23.9bn grants, and Rs144.5bn under the head of non-plan resources.
The details showed that China would be the biggest source for Pakistan’s external resources. Out of the total figure, China is estimated to provide Rs207bn while Rs101bn would be provided under the head of China Safe Deposits.
Total loans for provinces from external resources for the new fiscal year would be around Rs67bn, with the highest amount of Rs34.4bn going to Punjab, followed by Rs25.1bn to Sindh, Rs6.3bn to Khyber Pakhtunkhwa and Rs1.22bn to Balochistan.
The documents showed that total programme loans for the provinces from external resources were estimated at Rs19.17bn. Punjab would get Rs9.335bn and Sindh Rs9.836bn. KP and Balochistan would not get any programme loans for FY16.
However, KP would receive the highest share of Rs8.897bn grants from the total Rs18.3bn. Sindh would get Rs6.046bn, Punjab Rs1.22bn and Balochistan Rs2.1bn.
The country has planned to receive Rs208bn as projects loans, out of which the federal projects were expected to receive Rs22.8bn, autonomous bodies Rs118bn and provinces Rs67bn.
Provinces shares have increased in most of the loans and grants compared to the federal projects. Last year the revised estimate for the federal projects was Rs48bn.
However, the autonomous bodies share was much higher. The detail showed that the National Highway Authority would get Rs63.95bn loans from the total figure. China would provide Rs45bn for Multan-Sukkur section and Rs13.65bn for Thaikot-Havelian-Islamabad.
Water and Power Development Authority would get Rs16.94bn, mostly for power sector. Pakistan Electric Power Company would receive Rs37.396bn.
The government has presented the new budget with estimated fiscal deficit of about 4.3 per cent of GDP. At the same time, it also relies on external loans, aids and grants of Rs896bn to remain within the expected fiscal deficit.
External loans have increased the country’s foreign exchange reserves but the debt servicing has been rising as it paid about $7bn under it in FY14, while the end of this fiscal year could see almost the same amount.
Published in Dawn, June 7th, 2015
External inflows of Rs896bn expected - Newspaper - DAWN.COM
The budget documents showed that the country estimates to receive loans of Rs751.5bn from plan external resources, including Rs23.9bn grants, and Rs144.5bn under the head of non-plan resources.
The details showed that China would be the biggest source for Pakistan’s external resources. Out of the total figure, China is estimated to provide Rs207bn while Rs101bn would be provided under the head of China Safe Deposits.
Total loans for provinces from external resources for the new fiscal year would be around Rs67bn, with the highest amount of Rs34.4bn going to Punjab, followed by Rs25.1bn to Sindh, Rs6.3bn to Khyber Pakhtunkhwa and Rs1.22bn to Balochistan.
The documents showed that total programme loans for the provinces from external resources were estimated at Rs19.17bn. Punjab would get Rs9.335bn and Sindh Rs9.836bn. KP and Balochistan would not get any programme loans for FY16.
However, KP would receive the highest share of Rs8.897bn grants from the total Rs18.3bn. Sindh would get Rs6.046bn, Punjab Rs1.22bn and Balochistan Rs2.1bn.
The country has planned to receive Rs208bn as projects loans, out of which the federal projects were expected to receive Rs22.8bn, autonomous bodies Rs118bn and provinces Rs67bn.
Provinces shares have increased in most of the loans and grants compared to the federal projects. Last year the revised estimate for the federal projects was Rs48bn.
However, the autonomous bodies share was much higher. The detail showed that the National Highway Authority would get Rs63.95bn loans from the total figure. China would provide Rs45bn for Multan-Sukkur section and Rs13.65bn for Thaikot-Havelian-Islamabad.
Water and Power Development Authority would get Rs16.94bn, mostly for power sector. Pakistan Electric Power Company would receive Rs37.396bn.
The government has presented the new budget with estimated fiscal deficit of about 4.3 per cent of GDP. At the same time, it also relies on external loans, aids and grants of Rs896bn to remain within the expected fiscal deficit.
External loans have increased the country’s foreign exchange reserves but the debt servicing has been rising as it paid about $7bn under it in FY14, while the end of this fiscal year could see almost the same amount.
Published in Dawn, June 7th, 2015
External inflows of Rs896bn expected - Newspaper - DAWN.COM
