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Tuesday, July 23, 2024  
17 Muharram 1446  

Balochistan’s budget expected to exceed Rs870 billion

Provincial government will present annual budget on June 22
Balochistan’s budget of 870 billion rupees will be presented on June 22 - Aaj News

Balochistan’s annual budget for the Fiscal Year 2024-25 is expected to be more than Rs875 billion, sources within the provincial Finance Department told Aaj News on Saturday.

The surplus budget would be presented in the Balochistan Assembly on June 22. But the cabinet would decide after Prime Minister Shehbaz Sharif visits the province.

The development budget is expected to exceed Rs220 billion, they said and added that the education budget is expected to see a record 52% increase, reaching Rs115 billion. Moreover, Rs68 billion has been earmarked for the health sector.

In addition to this, the provincial government has decided to create 3,000 new positions in the police and Levies forces and increase the budget for law and order by 70%.

It is expected that parliamentarians would be given separate funds for development schemes.

The municipal budget is expected to see a 110% increase, rising from Rs16 billion to Rs35 billion. Rs50 billion each has been allocated for solarisation and the Green Pakistan initiative under which barren land would be converted for cultivation.

Almost Rs220 billion would be earmarked for developmental funds. Sources said that parliamentarians would get separate funds for uplift schemes. Lawmakers in the treasury benches are expected to get Rs800 million each while the members in opposition benches would get Rs500 millioneach.

Moreover, MPAs elected on reserved seats would also get Rs500 million each.

Sources said that it would be a surplus budget, unlike in the past, as the amount of Rs90 billion that was not used in the past has been added to the upcoming budget.

It is estimated that the non-developmental budget would be more than Rs530 billion.

Earlier this week, the federal government, Sindh and Punjab presented their budgets.

Finance Minister Muhammad Aurangzeb presented the Rs18.87 trillion budget on June 12 amid opposition’s noise while Punjab presented its outlay of Rs3,226 billion the next day. On Friday, the Sindh chief minister presented more than Rs3,000 worth of budget.

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