Govt. proposed RS900 Bn for Development for Fiscal 2021-22

pakistan budget 2021-22
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Islamabad: According to a news source, on Friday, the federal government proposed a national developmental outlay of Rs2.135 trillion for the fiscal 2021-22. Which is almost 40 percent higher than the current fiscal development budget. The national developmental outlay of Rs 2.135 trillion which includes the federal development outlay (PSDP) of Rs 900 billion and provincial development outlay (ADPs) of Rs 1235 billion.

Further, the national development outlay for the FY 2021-22 is almost 40 percent higher than the revised development outlay of Rs Rs1.527 trillion for the fiscal 2020-21. The PSDP allocation of Rs 900 billion during 2021-22 is 38 percent higher than of Rs 650 billion allocated during current fiscal.

Out of the Rs 1235 billion ADPs for provinces Punjab’s annual development plan was estimated at Rs500bn for next year against Rs310bn during current year. Sindh’s ADP would stand at Rs321bn next year against Rs194bn this year while Baluchistan’s development budget would go up from Rs89bn this year to Rs133bn next year and KP Rs274bn.

Also, in the PSDP 2020-21 the total allocations for Ministries/divisions were Rs 418.675 bn which has been increased to Rs 628.265 bn in the upcoming fiscal, for corporations the allocation has been increased to Rs 183.235 bn in the coming fiscal against Rs 158.325 bn allocation during current fiscal. No allocation has been proposed for 2021-22 against Rs 3 billion allocations during current fiscal.

Against the allocation of Rs 70 billion for   COVID Responsive and Other Natural Calamities Programme during current fiscal an allocation of Rs 5 billion has been proposed for FY 2021-22.

The Federal PSDP 2021-22 includes Rs 628.265 bn for the ministries/divisions which includes the rupee component of Rs 590.630billion and FEC of Rs 37.634 bn.  For corporations including NHA, NTDC/PEPCO the total proposed allocation is Rs 183.235 bn which includes rupee component of Rs 120.870 bn and FEC of Rs 623.655 bn. For NHA Rs 113.750 Is proposed which is less than 118.674 billion allocations in the current fiscal. For NTDC/PEPCO the total proposed allocations for 2021-22 is Rs 69.485 bn which is higher than Rs 39.649 billion for the current fiscal.

Inter provincial Coordination Division Rs 3.735 bn, and Interior Division Rs 21.049 bn.  The proposed allocation for Kashmir Affairs and Gilgit Baltistan Division Rs 69.960 bn, Law and Justice is Rs 6027.351 bn and Maritime Affairs Division Rs 4.462 bn.

Narcotics Control Division has Rs 489.393 million, National Food Security and Research Division Rs 12.017 bn, National Health Services, Regulation and Coordination Division Rs 21.723 bn.

National History & Literary Heritage Division Rs 125.926 million, Pakistan Atomic Energy Commission Rs 27 bn, Pakistan Nuclear Regulatory Authority Rs 200 million, Petroleum Division Rs 3.250 bn, Planning Development and Reforms Division Rs 19.246 bn million, Poverty Division Rs 598.910 million, Railway Division Rs 30.026 bn, Revenue Division Rs 4.025 bn, Science and Technological Research Division Rs 8.341 Bn, SUPARCO Rs 7.369 bn, Water sector Rs 103.473 bn.

In the next year, PSDP proposed allocations for the CPEC project is Rs87bn which includes Rs78bn in transport and communications alone and Rs7bn for the provision of gas and electricity to Faisalabad, Rashakai, Dhabeji and Bostan Special Economic Zones. Of Rs 78 bn proposed allocation for transport and communications Rs42bn was meant for road projects of western route alignment.

An allocation of Rs 61.5 bn has been proposed in the upcoming fiscal for viability gap funding (VGF) of PPP mode projects. For SDGs and SDGs supplementary funds an allocation of Rs 96 bn has been proposed. For the merged districts of KP and Merged Districts 10-year development plan the allocations of Rs 54 bn.  

For more news visit: https://www.sirmaya.com/blog/news/

News Source: https://nation.com.pk/E-Paper/lahore/2021-06-12/page-1/detail-7

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