The Federal Government has authorized the utilization of development funds amounting to Rs471.294 billion, out of a total allocation of Rs714.177 billion, for various ongoing and new social sector uplift projects of the federal ministries and divisions during the first nine months (July-March) of the fiscal year 2022-23 under its Public Sector Development Programme.
Out of the total authorized/disbursed amount, the total amount spent so far on the development projects during the corresponding period stood at Rs 316.615 billion.
According to the disbursement mechanism of the Planning Division, the development funds allocated in the federal budget are released at the rate of 20% in the first quarter.—APP
