Federal Budget: Govt allocates record Rs1,400bn for PSDP

Islamabad: Presenting the budgetary proposals in the National Assembly, Muhammad Aurangzeb said 1400 billion rupees have been earmarked for the PSDP.

An additional one hundred billion rupees have been allocated through public-private partnership. He said the development budget will be at the historic level of 1500 billion rupees. He added that 2122 billion rupees will be provided for defence requirement.

The Finance Minister said that 839 billion rupees have been reserved for the expenditure of civil administration, while 1,014 billion rupees have been set aside for pension expenditure and 1,363 billion rupees have allocated as subsidy on electricity, gas and other sectors.

Muhammad Aurangzeb said grants worth 1,777 billion rupees have been earmarked for Benazir Income Support Programme, AJK, Gilgit-Baltistan, merged districts, Higher Education Commission, Pakistan Railways and IT sector.

The Finance Minister said the major volume of development budget manifests the government's resolve to develop infrastructure, transportation, energy and IT sectors as well as address the challenges in the management of water resources.