Charter of the Economy Table 7.9: Projection of the Provincial Budgetary Position 2020-21 2021-22 2022-23 Provincial Revenues 7.4 8.0 8.5 Federal Transfers 6.2 6.6 6.8 Own-Tax Revenues 1.0 1.1 1.3 Non-Tax Revenues 0.2 0.3 0.4 Provincial Expenditure 7.1 7.4 7.6 Provincial Cash Surplus(+) 0.3 0.6 0.9 Source : Projections. 2023-24 9.2 7.1 1.7 0.4 7.8 1.4 2024-25 9.9 7.5 2.0 0.4 8.0 1.9 The horizontal sharing implications of continuing with the same formula as given by the 7 th NFC are highlighted. The up-dated share of each Province in the four criteria are presented in Table 7.10. Given the weights, the overall share of each Province is derived. According to Table 7.11 the share of Punjab falls further by 4.22 percentage points and that of Sindh marginally by 0.21 percentage point. There is a big increase in the share of Khyber-Pakhtunkhwa due primarily to the merger of FATA which has increased the share of the Province in the national population. Similarly, the share of Baluchistan rises due to faster population growth. Table 7.10: Magnitude of the Criteria and Horizontal Shares of Provinces with the same sharing formula as in the 7 th NFC Award Latest Estimates(%) Province Population Inverse Population Revenue Poverty Overall Density Collection Horizontal Share Weight 82.0 2.7 5.0 10.3 Punjab 53.46 5.21 38.01 15.83 47.52 Sindh 23.28 8.22 55.89 21.73 24.34 Khyber-Pakhtunkhwa 17.26 8.00 4.51 26.53 17.32 Baluchistan 6.00 78.57 1.49 35.91 10.82 PAKISTAN 100.00 100.00 100.00 100.00 100.00 Source : Diverse Table 7.11: Change in the Horizontal Share of Provinces Province Share in 7 th NFC Award Potential Share in 10 th NFC* Punjab 51.74 47.52 Sindh 24.55 24.34 Khyber-Pakhtunkhwa 14.62 17.32 Baluchistan 9.09 10.82 TOTAL 100.00 100.00 *With unchanged horizontal sharing formula Source : Estimated (%) Extent of Change in Share -4.22 -0.21 2.70 1.73 100.00 72