Development funds being disbursed according to implementation plan: Planning Commission

MG News | April 18, 2019 at 05:18 PM GMT+05:00

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April 18, 2019: The Planning Commission has released Rs 525 billion (78%) of the allocated PSDP during the current fiscal year 2018-19.

Out of the total allocated amount of Rs. 675 billion in the PSDP 2019-19, 78% has been released to the ministries/divisions from 1st July, 2018 till April 17, 2019.

It is pertinent to mention here that disbursement of development funds is going according to released strategy. On 17-4-2019 the release amount reached Rs. 525 billion against total allocation for current financial year.

In percentage terms the release authorization in the current financial year 2018-19 stood at 78% as compared to 61% in the corresponding period of last year indicating a very healthy release position.

The above position clearly reflects that release position of development spending is quite healthy and with this pace, the target of disbursement will be achieved before close of the current financial year.

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