With total outlay of around Rs. 700 billion:
Next FY budget of Balochistan
likely to be presented on 16th
Independent Report
QUETTA: The next financial year’s budget of Balochistan for 2023-24 is expected to be presented on June 16, 2023, it was learnt through official sources the other day.
The Provincial Minister for Finance, Engineer Zamarak Khan Achakzai would present the budget for the next financial year for necessary preparations are being made.
According to the sources, the total volume of the province’s budget is likely to be Rs. 700 billion. In the budget, the estimate of the income in next financial year budget has been made as Rs. 529.32 billion. With this, the total deficit of the budget may increase to around Rs. 150 billion, the sources informed.
It was also learnt through the sources that development expenditures in the budget are expected to be around Rs. 200 billion.
The estimate of income from the province’s own resources is expected as over Rs. 60 billion while the province is likely to get Rs. 413 billion through the divisible pool under NFC Award and other sources.
It is proposed to create over 5,000 new vacancies in the provincial government departments. Moreover, 30 percent raise is also expected in the salaries of provincial government employees in the next financial year budget, the sources informed.
In the budget, Rs. 90 billion has been proposed for education sector with Rs. 60 billion for law and order and Rs. 50 billion for the health sector, the sources revealed.
Meanwhile, speaking to the media persons, the Finance Minister said that it is our utmost effort to prepare a public-friendly budget.
However, it would be a deficit budget to be presented which may be in between Rs. 150-200 billion. He said that preference would be given to education, health, livestock and agriculture sector in the next budget.
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