ISLAMABAD: The federal government has cut the non-tax revenues target by Rs208 billion for the next fiscal year (FY2019).
The non-tax revenue target was reduced as the country has excluded the Coalition Support Fund (CSF) receipts from the United States from budget estimates.
The government has targeted to generate Rs771.9 billion from the non-tax revenues during FY2019 as against budgeted estimates of Rs979.9 billion of the outgoing fiscal. Meanwhile, the government has also revised downwards its non-tax collection target to Rs845.2 billion for the current fiscal year from the budgeted estimates of Rs979.9 billion.
The government has estimated not to receive CSF amount during ongoing as well in upcoming year, which resulted in reducing the target of non-tax revenues.
The break-up of Rs771.9 billion showed that government would receive Rs236.9 billion as income from property and enterprise, Rs305.8 billion from receipts from civil administration and Rs229.2 billion from miscellaneous receipts during FY2019.
In income from property and enterprise, the government has projected to receive Rs12.8 billion from Pakistan Telecom Authority (surplus), Rs6.9 billion from PTA (3G licenses fee), Rs16.8 billion from provinces mark-up, Rs123.6 billion as mark up from public sector entities and Rs76.5 billion from the dividends during FY2019.
Meanwhile, the break-up of Rs305.8 billion from receipts from civil administration showed that government estimated to receive Rs5.8 billion under general administration, Rs280 billion from State Bank of Pakistan profit, Rs15.9 billion defence ( Coalition Support Fund), Rs1.21 billion from the community service and Rs1.5 billion from social services.
During the next fiscal year, the government has estimated to receive Rs8.6 billion from economic services, Rs15.9 billion under foreign grants, Rs31 billon from citizenship, naturalization and passport fee and Rs10 billion under discount retained on local crude oil prices. Similarly, the government would receive Rs16.8 billion from royalty on crude oil, Rs36.5 billion as royalty on natural gas, Rs5 billion as windfall levy against crude oil, Rs2 billion as petroleum level on LPG, Rs34 billion as extraordinary receipts (UNO), Rs50 billion as extraordinary receipts (others).
