Pakistan’s budget for the fiscal year 2024-2025 totals $67 billion, carefully allocated to meet the country’s most critical needs while fostering economic growth and stability. Below is a straightforward breakdown of the budget, including percentage allocations for each major sector.
1. Debt Servicing: $20.0 Billion (29.85%)
Nearly 30% of the total budget is dedicated to debt servicing. This significant allocation underscores the government’s commitment to managing the country’s debts, ensuring financial stability, and maintaining creditworthiness.
2. Defense and Security: $7.0 Billion (10.45%)
Defense and security are prioritized with $7.0 billion, representing 10.45% of the total budget.
- Armed Forces ($5.5 Billion, 8.21%):
- Army: $3.0 billion (4.48%)
- Navy: $1.5 billion (2.24%)
- Air Force: $1.0 billion (1.49%)
- Internal Security ($1.5 Billion, 2.24%):
- Police: $1.0 billion (1.49%)
- Border Security: $0.5 billion (0.75%)
These funds will support the modernization of the military and strengthen internal security forces.
3. Social Services: $10.0 Billion (14.93%)
Social services receive $10.0 billion, or 14.93% of the budget, focusing on healthcare, education, and welfare programs.
- Healthcare ($3.5 Billion, 5.22%):
- Public Health Programs: $2.0 billion (2.99%)
- Hospitals and Clinics: $1.5 billion (2.24%)
- Education ($3.0 Billion, 4.48%):
- Primary and Secondary Education: $1.8 billion (2.69%)
- Higher Education: $1.2 billion (1.79%)
- Social Welfare Programs ($3.5 Billion, 5.22%):
- Poverty Alleviation: $2.0 billion (2.99%)
- Social Security and Subsidies: $1.5 billion (2.24%)
This investment aims to improve citizens’ quality of life, focusing on health, education, and poverty reduction.
4. Infrastructure Development: $9.0 Billion (13.43%)
With 13.43% of the budget, or $9.0 billion, allocated to infrastructure, the government emphasizes transport, urban development, and energy projects.
- Transport ($5.0 Billion, 7.46%):
- Roads and Highways: $3.0 billion (4.48%)
- Railways: $1.5 billion (2.24%)
- Ports and Airports: $0.5 billion (0.75%)
- Urban Development ($3.5 Billion, 5.22%):
- Housing Projects: $2.0 billion (2.99%)
- City Infrastructure: $1.5 billion (2.24%)
- Energy ($0.5 Billion, 0.75%): Though a smaller portion, this allocation is essential for addressing the country’s energy needs.
5. Economic and Industrial Development: $4.0 Billion (5.97%)
Economic and industrial development is allocated $4.0 billion, accounting for 5.97% of the budget. This funding is aimed at boosting economic growth, job creation, and industrialization.
6. Environmental Protection: $1.0 Billion (1.49%)
Recognizing the importance of sustainability, $1.0 billion, or 1.49% of the budget, is set aside for environmental protection initiatives, focusing on combating climate change and preserving natural resources.
7. Governance and Administrative Costs: $6.0 Billion (8.96%)
Governance and administrative costs total $6.0 billion, or 8.96% of the budget, ensuring the smooth operation of government functions.
- Administrative Costs: $4.0 billion (5.97%)
- Judiciary: $1.5 billion (2.24%)
- Legislative Bodies: $0.5 billion (0.75%)
These funds support effective governance and the delivery of public services.
8. Pensions: $5.0 Billion (7.46%)
A total of $5.0 billion, or 7.46% of the budget, is allocated for pensions, providing financial security to retired government and military personnel.
- Regular Pensions: $3.0 billion (4.48%)
- Military Pensions: $2.0 billion (2.99%)
9. Salaries: $5.0 Billion (7.46%)
Salaries for government and military employees amount to $5.0 billion, representing 7.46% of the budget.
- Government Employees: $3.5 billion (5.22%)
- Military Salaries: $1.5 billion (2.24%)
Conclusion
The Pakistan Budget 2024-2025 is designed to balance immediate needs with long-term goals, ensuring stability, growth, and improved quality of life for citizens. By carefully allocating funds across key sectors, the government aims to address debt, enhance defense, improve social services, build infrastructure, and support economic and environmental sustainability.
