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Rs900bn proposed for federal PSDP in next fiscal year

June 08, 2021 (MLN): The share of the federal government under the Public Sector Development Programme (PSDP) is expected to be around Rs900 billion for the upcoming fiscal year 2021-2022.

This will be Rs250 billion or 38% higher than the initial FY21 target of Rs650 billion.

Out of this, Rs565 billion or 63% has been proposed for the infrastructure sector, Rs30 billion or 3.3% for the health sector.

The government may also earmark Rs50 billion funds or 5.5% of the federal development budget for the education sector while about 27% or Rs244 billion will be allocated for the transport sector.

Meanwhile, the spending targets for four provinces-Sindh, Punjab, Baluchistan and Khyber Pakhtunkhwa will be around Rs1.235 trillion, taking total development outlay to around Rs2.13 trillion compared to last year’s budgeted outlay of Rs1.324 trillion.

Copyright Mettis Link News

Posted on: 2021-06-08T14:12:00+05:00

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