The Federal budget 2014–15 was the federal budget of

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

for the

fiscal year A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many ...

beginning from 1 July 2014 and ending on 30 June 2015. Presented and submitted by Finance Minister Ishaq Dar on 30 June 2014 at the

National Assembly In politics, a national assembly is either a unicameral legislature, the lower house of a bicameral legislature, or both houses of a bicameral legislature together. In the English language it generally means "an assembly composed of the repre ...

, it was originally outlay ₨. 3.8 tn; eventually it was increased to ₨. 4.3 tn after several recommendations were inserted on 21 June 2014. This was the second federal budget submitted during the tenure of

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

and his cabinet. Effective economic policies of the previous budget crawled up the nation's GDP rate to 4.1% for the first time in the last six years; though it fell short of the targeted rate of 4.4% for the 2013–14. In addition, the

per capita income Per capita income (PCI) or total income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population. Per capita i ...

grew at dismal 1.41% ( $1,386/person) as the economic survey showed that the key indicator the tax-to-GDP ratio was again missed and stood at only 8.8%. The budget proposed a 10.0% relief in the salaries of

government employees A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, Executive (government), e ...

and an increase in the minimum monthly wage to ₨. 12,000 from ₨. 10,000. Under this budgetary program, the

social security Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specificall ...

is being raised from ₨. 5000 to ₨.6000. Total revenue collection is approximated at the ₨. 3.943 tn which is 10.1% up compared to the 2013–14. Current expenditures are estimated at ₨. 3.937 tn and the allocation for Public Sector Development Programme (PSDP) for 2014–15 is ₨. 525 billion. The

fiscal deficit The government budget balance, also alternatively referred to as general government balance, public budget balance, or public fiscal balance, is the overall difference between government revenues and spending. A positive balance is called a ''g ...

is kept 4.9% in 2014–15 and total foreign loans Pakistan expects to receive is ₨.869 billion. PML-N govt presents 2nd budget with Rs3.945 trn outlay for 2014–15
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References

{{DEFAULTSORT:2014-15 Pakistan federal budget Nawaz Sharif administration 2014 in Pakistan Pakistani budgets

2015 in Pakistan 2015 in Pakistani politics 2014 in Pakistani politics