ISLAMABAD: The government has estimated foreign assistance of Rs3.166 trillion for 2022-23 against Rs2.747 trillion was budgeted for the current fiscal year, which was later revised upward to Rs3.144 trillion.
The external resources projected for 2022-23 are greater by around 15 percent and one percent, respectively, when compared to the budgeted and revised estimates for 2021-22.
The government has budgeted estimates of Rs722.341 billion under the head of programme loans and Rs2.133 trillion under the head of other loans.
The programme loans estimated in the budget for 2022-23 are classified as Rs140.884 billion from Asian Development Bank (ADB), Rs159.608 billion from International Development Association (IDA), Rs115.878 billion from International Bank for Reconstruction and Development (IBRD) and Rs303.180 billion from Pakistan certificates.
The government had budgeted Rs496 billion from the International Monetary Fund (IMF) for the current fiscal year for budgetary support, however, no amount has been budgeted for the next fiscal year from the Fund.
Further, no amount has been budgeted from China’s safe deposits (bilateral) for the next fiscal year. The government has budgeted Rs148.8 billion from Saudi Arabia (oil facility) for the next fiscal year against zero for the current fiscal year, which has been revised to Rs70 billion.
