Home business Rs 1.863 trillion allocated to PSDP in federal budget

Rs 1.863 trillion allocated to PSDP in federal budget

Our Correspondent

The government announced Tuesday that Rs 1.863 trillion has been allocated to the Public Sector Development Programme (PSDP) for the upcoming fiscal year as State Minister for Revenue Hammad Azhar presented Budget 2019-20.
Carrying a theme of balanced regional development to help promote harmony and national integration, Azhar said it had a special focus on the under- and less-developed regions and areas.
Of the total outlay, Rs 951 billion was set aside for the federal ministries and divisions, whereas Rs912 billion for the provinces, according to a budgetary document, which further noted that the National Economic Council (NEC) had approved the PSDP allocations on May 29, with foreign assistance worth Rs127 billion.
“The PSDP 2019-20 is a part of a rolling plan to carry forward the strategic vision of the government,” read a budgetary document finalised by the Ministry of Planning, Development, and Reforms through an extensive consultative and participatory process.
The PSDP had been aligned with economic policies and strategies outlined in the 12th Five-Year Plan, with a focus on economic stabilisation, achieving balanced regional development, improving social protection and poverty alleviation, housing, augmentation of water resources, energy and food security, developing competitive knowledge economy, and modernisation of transport infrastructure and greater regional connectivity, the document read.
The China-Pakistan Economic Corridor (CPEC) continued to remain in the spotlight and projects had been fully funded. Separately, special funds were kept to make Pakistan clean and green as were ensured for 10 billion tsunami trees’ programme to mitigate the adverse effects of climate change and enhance tourism.
Meanwhile, of the total Rs951-billion federal PSDP, the government allocated Rs 1266.5 million for the Aviation Division, Rs100 million for the Board of Investment, Rs39986.47 million for the Cabinet Division, Rs7579.2 million for the Climate Change Division, Rs100 million for the Commerce Division, Rs248.3 million for the Communication Division (other than NHA), Rs456 million for the Defence Division, and Rs1700 million for the Defence Production Division.
The government also earmarked Rs 333.25 million for the Establishment Division, Rs4796.76 million for the Federal Education and Professional Training Division, Rs36821.749 million for the Finance Division, Rs29.774 million for the Foreign Affairs Division, Rs29046.88 million for the Higher Education Commission, Rs 2930.07 million for the Housing and Works Division, Rs 142.9 million for the Human Rights Division, Rs 2343.293 million for the Industries and Production Division, Rs 516.126 million for the Information and Broadcasting Division, and Rs 7341.617 million for the Information Technology and Telecom Division.
Similarly, an amount of Rs 339.958 million have been allocated for the Interprovincial Coordination Division, Rs 9847.769 million for the Interior Division, Rs 44699.4 million for the Kashmir Affairs and Gilgit Baltistan Division, Rs1340.225 million for the Law and Justice Division, Rs3600.243 million for the Maritime Affairs Division, Rs135.24 million for the Narcotics Control Division, Rs12047.516 million for the National Food Security and Research Division, Rs13376.558 million for the National Health Services Regulations and Coordination Division, Rs 128.016 million for the National History and Literary Heritage Division, and Rs24457.256 million for the Pakistan Atomic Energy Commission.
The government also allocated Rs301.47 million for the Pakistan Nuclear Regulatory Authority, Rs581.812 million for the Petroleum Division, Rs7963.517 million for the Planning, Development and Reform Division, Rs200 million for the Poverty Alleviation and Social Safety Division, Rs16000 million for the Railways Division, Rs1000 million for the Religious Affairs and Interfaith Harmony Division, Rs 1818.23 million for the Revenue Division, Rs 7407.361 million for the Science and Technological Research Division, Rs 6033.245 million for SUPPARCO, Rs 202.828 million for the Textile Industry Division and Rs 85021.359 million for the Water Resources Division.
An amount of Rs 155,966.835 million has been allocated for the National Highway Authority, Rs 41792.23 million for the NTDC/PEPCO, Rs 5000 million for the Earthquake Rehabilitation and Reconstruction Authority (ERRA), Rs 32,500 million for the Relief and Rehabilitation of IDPs, Rs 32500 million for Security Enhancement, Rs 10000 million for the Prime Minister’s Youth Skill Development Initiative, Rs 2000 million for the Clean Green Pakistan Movement/Tourism, Rs 1000 million for the Gas Infrastructure Development Cess, and Rs 48000 million for the Merged Areas 10 Years Development Plan.
The government allocated Rs 250000 million for alternative financing, while an amount of Rs 912000 million has been set aside for the provinces, the document revealed, and that a robust system for strengthening implementation and monitoring mechanism was being put in place.