Quetta: Incumbent Balochistan Government presented its final budget with record deficit and development funds, on Thursday.
Total Outlay of the budget for fiscal year 2017-18 is Rs. 328.502 Billion out of which 242.491 is for non-development expenditure and Rs. 86.011 Billion for Public Sector Development Program (PSDP) which is highest in the history.
Budgeted revenues for the fiscal year are Rs. 276.371 Billion out of which 202.974 billion will be received from federal divisible pool. This budget has a deficit of Rs. 52.13 billion which is highest in the history of the province.
Budget has a deficit of Rs. 52.13 billion which is highest in the history of the province
From PSDP, Rs. 45.383 billion would be spent on ongoing projects and Rs. 40.627 billion would be spent on new projects. The ratio of ongoing to new projects in this budget is 53% and 47% respectively.
Communication sector has got the highest allocation in PSDP with 16.93 Billion which makes up 19.69% of PSDP.
Ratio of ongoing to new projects in this PSDP is 53% and 47%
In the fiscal year 2017-18, government will spend Rs. 54.955 billion on Education, 24.414 billion on Health and 34.828 billion on Law and order.
Government has also allocated Rs. 10 billion for establishment of Balochistan Bank.
Earlier, Budget session started with a delay of 40 minutes because the budget was finalized at the last moment in cabinet meeting which concluded right before commencement of assembly session.
Sardar Aslam Bizenjo, Advisor to Chief Minister on Finance, presented the budget. Budget copies were not provided to journalists even an hour after commencement of assembly session. Limited copies were only provided once journalists threatened to boycott the session.
Team Balochistan Voices carried out a twitter campaign for budget using the hashtag #BalochistanBudget17.
Govt is over stretching it’s resources and this proved by Rs. 52 bn deficit #BalochistanBudget17
— Rubina Ibrahim Zehri (@zehri_Rubina) June 15, 2017
#BalochistanBudget17 This govt. has had the worst record of development in the history of Balochistan. (1/4)
— Saifullah Magsi (@SaifMagsi) June 15, 2017
— Adnan Aamir (@iAdnanAamir) June 15, 2017