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Govt authorizes over half of PSDP funds for social sector projects

Govt authorizes over half of PSDP funds for social sector projects
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February 13, 2023 (MLN): The federal government has authorized the utilization of development funds amounting to Rs507.98 billion, out of a total allocation of Rs940 billion, for various ongoing and new social sector uplift projects of the federal ministries and divisions during 7MFY24 under its Public Sector Development Programme (PSDP), as APP reported.

Out of the total authorized/disbursed amount, the total amount spent so far on the development projects during the corresponding period stood at Rs190.44bn, according to the latest data released by the Ministry of Planning, Development and Special Initiatives.

According to the disbursement mechanism of the Planning Division, the development funds allocated in the federal budget are released at the rate of 20% in the first quarter (July-September), followed by 30% each in the second and third quarters, and the remaining 20% in the last quarter (April-June) of a fiscal year.

The detail showed that Rs127.07bn out of a total allocated amount of Rs211.78bn had been disbursed to corporations including National Highway Authority (NHA), National Transmission and Despatch Company (NTDC), and Pakistan Electric Power Company (PEPCO).

Other Funds Authorized

Division/Ministry Allocated Amount (PKR billion)
Provinces and Special Areas 86.35
Water Resources Division 66.04
Cabinet Division 61.31
Higher Education Commission 35.82
Housing and Works Division 21.73
Railway Division 19.81
Planning, Development and Special Initiatives Division 7.35
National Health Services, Regulations and Coordination Division 6.45
Interior Division 5.97
National Food Security and Research Division 5.31
Federal Education & Professional Training Division 5.1
Science & Technological Research Division 4.8
Information Technology and Telecom Division 3.6
Aviation Division 3.27
Ministry of Climate Change 2.43
Finance Division 1.93
Defence Division 1.92
Revenue Division 1.92
Industries and Production Division 1.8
Maritime Affairs Division 1.71
Information and Broadcasting Division 1.2
Inter Provincial Coordination Division 1.14
Defence Production Division 0.96
Petroleum Division 0.9
Board of Investment 0.67
Commerce Division 0.66
States and Frontier Regions Division 0.59
Establishment Division 0.5
Human Rights Division 0.49
Law and Justice Division 0.48
Religious Affairs and Interfaith Harmony Division 0.48
National Heritage and Culture Division 0.32
Poverty Alleviation and Social Safety Division 0.3
Ministry of Communications (other than NHA) 0.13
Narcotics Division 0.09
Pakistan Nuclear Regulatory Authority 0.09

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Posted on: 2024-02-13T16:57:03+05:00