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Investor Presentaiton

Chapter VI - Debt, Pension and GPF Liabilities 66 As of 30.06.2020 the total amount of outstanding Guarantees is estimated at PKR 77 billion out of which PKR 4.7 billion is attributable to Public Private Partnerships (PPP) of the Government. " In future Government would like to further increase its fiscal risk management and disclosure by estimating disaster risk financing requirements and disclosing that as part of it drive to make PFM more and more transparent. Pension Service Delivery Government has a Defined-Benefit (DB) Pension Scheme for its permanent employees. The pension scheme is being managed on 'pay-as-you-go' basis, i.e. pension payment during a year is made out of that year's revenues regardless of the time of accrual of the liability. Considering the rising burden of pension expenditure, Government has, over the last few years, been following a more systematic approach towards valuation, reporting and funding of pension liability. Pension Expenditure Pension is the third largest expenditure of Government of Punjab's Current Revenue Expenditure after salary. The growth rate of expenditure on pension is a matter of concern. The trend of Punjab's pension expenditure since FY10- 11 is as under: Salary 2 1 Pension 3 Year Pension Expenditure Current Expenditure Pension as % of. Current Expenditure General Revenue Receipts (PKR In Billion) Pension % of Revenue Receipts FY10-11 36.40 370.00 9.84 539.00 6.75 FY11-12 50.10 444.00 11.28 606.00 8.27 FY12-13 67.40 534.00 12.62 703.00 9.59 FY13-14 76.40 569.00 13.43 815.00 9.37 FY14-15 88.80 670.00 13.25 902.00 9.84 FY15-16 113.70 730.00 15.58 1,108.00 10.26 FY16-17 141.00 900.00 15.67 1,405.00 10.04 FY17-18 172.90 961.00 17.99 1,387.00 12.47 FY18-19 205.10 1,225.00 16.74 1,466.00 13.99 CAGR 24.12% 16.14% 13.32% Page 53
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