Government of Pakistan Budget, 1961-62 (Budget Estimates for 1961-62) - Notes and Documents

Budget Estimates for 1961-62


On the basis of existing taxation, Revenue Receipts for
1961-62 are placed at Rs. 215.53 crores. With Revenue Expenditure at Rs.
191.90 crores, the surplus amounts to Rs. 23.63 crores. The Revenue
Receipts for 1961-62 show an increase of Rs. 18.79 crores over the
Revised Revenue Estimates for 1960-61. With respect to Revenue
Expenditure there was also an increase of Rs. 17.69 crores. The surplus
on Revenue Budget for 1961-62 is expected to be higher by Rs. 1.10
crores than for 1960-61. The estimates of Capital Expenditure for
1961-62 total to Rs. 229.94 crores which reflects a rise of Rs. 26.08
crores over 1960-61 (Revised Estimates). In the Revenue Budget, the
anticipated increase from Rs. 196.74 crores in 1960-61 to Rs. 215.53
crores in 1961-62 was expected to emerge chiefly from Customs, Central
Excise Duties, and Interest Receipts. Collections under Customs Duties
are expected to increase by Rs. 6.95 crores from Rs. 53.45 crores to Rs.
60.40 crores, under Central Excise Duties, by Rs. 1.36 crores from Rs.
32.33 crores to Rs. 34.07 crores and under Interest Receipts, by Rs.
4.05 crcres from Rs. 8.89 crores to Rs. 12.94 crores. On the Expenditure
side, the increase from Rs. 174.21 crores to Rs. 191.90 crores is
largely accounted for by Non-Development Expenditure on Debt Service and
Frontier Regions. A small increase of Rs. 1.76 crores is also estimated
in the field of Agriculture under Development Expenditure.

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