{"id":644,"date":"2020-06-18T07:37:49","date_gmt":"2020-06-18T07:37:49","guid":{"rendered":"https:\/\/sirmaya.com\/blog\/?p=644"},"modified":"2020-06-18T07:43:30","modified_gmt":"2020-06-18T07:43:30","slug":"cda-approves-pkr-49-billion-developmental-budget-fy-2020-21","status":"publish","type":"post","link":"https:\/\/www.sirmaya.com\/blog\/cda-approves-pkr-49-billion-developmental-budget-fy-2020-21\/","title":{"rendered":"CDA Approves PKR 49 billion Developmental Budget FY 2020-21"},"content":{"rendered":"
<\/span> 1,321<\/span> Views<\/span><\/div>\n

ISLAMABAD: The Capital Development Authority (CDA) on Wednesday approved the landmark development-focused budget estimates with a total outlay of 49 billion rupees with a surplus of 10 billion rupees for the financial year 2020-2021.<\/p>\n\n\n\n

As per approved budget estimates, expected receipts are 49 billion rupees, while the expected expenditure is 39 billion rupees.<\/p>\n\n\n\n

Out of Rs39 billion, Rs24.5 billion, which is 63 percent will be spent on 89 development projects, while Rs14.4 billion, which is 37 percent will be spent on non-development expenditure.<\/p>\n\n\n\n

The budget estimates for the financial year 2020-2021 are in contrast to the previous year, whereby total budget outlay was 20 billion with 36 percent development, while 64 percent non-development expenditure.<\/p>\n\n\n\n

Out of 49 billion rupees receipts, the CDA will receive 5,843.288 million rupees from federal from the PSDP, and 2,601.44 million rupees from the federal government as a maintenance grant.<\/p>\n\n\n\n

The CDA will generate 4,310 million rupees from its own revenues including the transfer fees, building fees, water charges, property tax, etc.<\/p>\n\n\n\n

Similarly, the CDA is expected to generate 24,585.28 million rupees from auction proceeds including the sale of new Blue Area sale, sectoral auctions, Extension of Park Enclave, etc, while the amount of 1,568.77 million rupees is expected to be transferred from the MCI.<\/p>\n\n\n\n

Revised estimates for the financial year 2019-2020 have also been approved.<\/p>\n\n\n\n

The approval was granted by the CDA Board in its meeting held at the CDA headquarters.<\/p>\n\n\n\n

The CDA has managed 49 billion rupees budget, despite the fact that in the last four years, the CDA spent more than 22 billion rupees on the MCI, out of which around 16 billion rupees are still outstanding.<\/p>\n\n\n\n

As per approved budget estimates for year 2020-2021, the CDA will spend money on 89 development projects in Islamabad, the largest ever number for single year of development projects in the capital city.<\/p>\n\n\n\n

Out of these 89 development projects, 66 development projects are new, while 23 are the ongoing development projects.<\/p>\n\n\n\n

Non-development expenditure will include 2,601.44 million rupees as maintenance grant, 11,877 million rupees as employees’ related and operational expenses, and 2,112.40 million rupees as the MCI expenditure for three months.<\/p>\n","protected":false},"excerpt":{"rendered":"

1,321 Views ISLAMABAD: The Capital Development Authority (CDA) on Wednesday approved the landmark development-focused budget estimates with a total outlay of 49 billion rupees with a surplus of 10 billion … <\/p>\n","protected":false},"author":5,"featured_media":647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9,16,19,6],"tags":[],"yoast_head":"\nCDA Approves PKR 49 billion Developmental Budget FY 2020-21 | Sirmaya Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sirmaya.com\/blog\/cda-approves-pkr-49-billion-developmental-budget-fy-2020-21\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA Approves PKR 49 billion Developmental Budget FY 2020-21 | Sirmaya Blog\" \/>\n<meta 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