Pakistan: Budget Speech: 2005-06

1. The development budget has been increased by 34.7%, which is the highest increase to date. 2. Current expenditures will increase by 18%. The main reasons for the increase are the relief that government is giving to the government servants. Additionally, increases are anticipated under the heads of interest charges and subsidy. 3. CBR revenue will increase by 17%. Last year revenue through CBR was at Rs 590 billion which will become Rs 690 billion for the next year. 4. The people of Pakistan are always ready to sacrifice their lives and resources for defending the geographical and ideological frontiers of this sacred homeland. Keeping in view the national needs of defence, necessary allocation for defence has been made, despite which the defence expenditure s will remain at 3.1% of GDP. 5. The resources passed on by the federation to the provinces will increase from Rs. 239 billion to Rs 284 billion registering a 19% increase. 6. Poverty reduction expenditures will increase by 16.5. Last year Rs 278 billion were allocated, while in the next year Rs. 324 billion will be spent on this account.