Govt Releases Rs 169.7 Billion for Development Under PSDP

As elections draw near, the government is increasing its funding for the development sector substantially.

The government has released over Rs 169.723 billion under the Public Sector Development Programme (PSDP) in the first quarter of the current fiscal year.  The total amount under PSDP allocated this year is Rs 1,001 billion so far.

Last year, the government released 13.7% of the total funds in the first quarter – this is the first time in the last four years the government released more than 15% of the total fund in the just one quarter.

Allocation per sector

• The released funds include Rs 39502.794 million for federal ministries and Rs 15381.826 million for special areas.
• According to latest data from Ministry of Planning, Development, and Reform, out of these allocations – Rs 2603.102 million has been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs 13.66 billion.
• Railways Division received Rs 8631.894 million out of its total allocation of Rs 42.9 billion.
• Aviation Division received Rs 623.14 million out of its total allocation of Rs 4.348 billion.
• The government also released an amount of Rs 6508.722 million for various development projects of Higher Education Commission out of total allocation of Rs 35.662 billion.
• Water and Power Division (water sector) received Rs 7381.236 million out of its total allocation of Rs 36.75 billion.
• Rs 1718.663 million for National Health Services, Regulations, and Coordination Division, for which an amount of Rs 48.701 billion have been allocated.
• Rs 46 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs 409.553 million.

Via Dawn

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