Thursday, July 7, 2022

Next financial year’s development budget will be 800 billion

The Public Sector Development Programme (PSDP) would receive an allotment of Rs800 billion for the following financial year thanks to a decision made by the coalition government.

It has been reported by several sources that a development budget in the amount of Rs800 billion has been suggested for the subsequent fiscal year, and that out of this amount, Rs538 billion will be allotted for the various federal ministries and departments.

According to the information gathered from various sources, it has been suggested that 121 billion rupees be allocated to the National Highway Authority (NHA), while 96 billion rupees should be allocated to water resources. It has been suggested that 60 billion rupees should be allotted to the Cabinet Division for use in development projects.

The budget for the development of Azad Kashmir and Gilgit-Baltistan is suggested to be Rs96.36 billion, while the budget for the development of the merged tribal districts of Khyber Pakhtunkhwa is proposed to be Rs50 billion.

According to additional information, the Pakistan Electric Power Company (PEPCO) has been allotted a development budget of Rs 49 billion, while the Railways have been allotted Rs 33 billion.

In the meantime, the government has made the decision to allot 25 billion rupees to the Atomic Energy Commission. In addition, 41.87 billion rupees will be allotted to the Higher Education Commission (HEC), and 2.5 billion rupees will be provided for Aviation.

Read Also: NEPRA fixes electricity cost by Rs24.82 per unit for FY22-23

In addition to this, the Ministry of Housing will receive 11.60 billion rupees, while the Ministry of Climate Change would receive 9.5 billion rupees. It has been proposed that 10.47 billion rupees be allotted to the Ministry of Home Affairs, 12 billion rupees be allotted to the Ministry of Health, 12 billion rupees be allotted to the Ministry of Food Security, and 3.1 billion rupees be allotted to the Ministry of Maritime Affairs.

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