7. Putting down the perspective
1. Slowest growth period in the history of Pak even lower than Sub
Saharan region
2. India’s Per Capita growth rate of 6% will double its per capita
Income in 12 years & with Pakistan’s 1% per capita growth rate the
income of a Pakistani will double in 70 years
GDP % Change at Constant Price
Pakistan Sub-Saharan Region
6.00
5.00
4.00
3.00
2.00
1.00
0.00
2008 2009 2010 2011 2012(E) 2013(E)
PTI Post Budget Press Briefing
8. Increasing Fiscal Squeeze
Current Expenditure Interest Payments as a % of
Development Expenditure Net Federal Revenues
3,000 65%
60%
2,000
55%
1,000 50%
45%
- 40%
FY09 FY10 FY11 FY12(E) FY09 FY10 FY11 FY12(E)
Fiscal Deficit as a % of GDP
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
FY09 FY10 Post Budget Press Briefing
PTI FY11 FY12(E)
9. Meaningless Budget Exercise
1. The budget exercise is meaningless as Govt always misses
targets by a wide margin
2. The cumulative deficit of the Govt in the last 4 years has been
61% greater than what was budgeted
3. This despite the fact that in the last 4 years Govt reduced its
development expenditure by PKR 450 Bn v/s what was
originally budgeted
PTI Post Budget Press Briefing