ISLAMABAD: The government collected Rs381 billion from the public under the petroleum levy during the first quarter of the current fiscal year, Rs10 billion more than the amount collected during the same period last year, ARY News reported.
The Ministry of Finance has released the Fiscal Operations Report for the first quarter (July-September) of the current fiscal year.
According to the ministry’s report, the government collected Rs381 billion in petroleum levy during the first quarter, compared to Rs371 billion in the same period of the previous fiscal year.
The documents show that the government also collected Rs22 billion under the carbon levy and Rs9 billion through the Electric Vehicle (EV) Adoption Levy during the July-September period.
The primary balance stood at Rs2,973 billion during the first quarter, equivalent to 2.7 percent of Gross Domestic Product (GDP), according to the report.
The government spent Rs1,700 billion on interest payments on loans and Rs495 billion on defence expenditures during the first three months of the fiscal year.
The report further shows that Rs263 billion was spent on pensions, Rs206 billion on civil government expenses and Rs84 billion on subsidies during the period.
The government’s total revenue stood at Rs6,003 billion, while its expenditures were recorded at Rs4,370 billion during the first quarter.
Meanwhile, the State Bank of Pakistan (SBP) earned a profit of Rs1,932 billion during the July-September period, the Ministry of Finance documents stated.
