KARACHI – Sindh Chief Minister Murad Ali Shah unveiled Rs3.056 trillion budget for the fiscal year 2024-25, stressing major raise in development spending and proposing salary raises by up to 30 per cent.
Sindh budget 2024-25 allocates Rs959 billion for development projects, highlighting a focus on infrastructure and social services. Revenue projections exceed Rs3 trillion, with 62 pc from federal transfers and 22 percent from provincial receipts.
Other revenue sources include capital receipts, foreign project assistance, and grants. Key sector allocations include Rs519 billion for education, Rs334 billion for healthcare, and Rs329 billion for local government.
Social protection initiatives include Rs34.9 billion for pro-poor programs and Rs116 billion in subsidies. The budget underscores a comprehensive approach to development, welfare, and economic recovery, reflecting the government’s commitment to citizens’ well-being.
Sindh Budget 2024-25
- Rs959 billion is allocated for development projects, emphasizing infrastructure and social services.
- Revenue projections exceed Rs3 trillion, with 62 per cent from federal transfers and 22 per cent from provincial receipts.
- Expenditure breakdown: Rs1.9 trillion (63 per cent) for current revenue, Rs184 billion (6 per cent) for current capital, and Rs959 billion (31 per cent) for development.
- Sector-wise allocation: Rs519 billion for education, Rs334 billion for healthcare, and Rs329 billion for local government.
- Agriculture allocated Rs58 billion, including Rs32 billion for current expenditure.
- Energy sector receives Rs77 billion, with Rs62 billion for ongoing costs.
- Irrigation allocated Rs94 billion, with Rs36 billion for current expenses.
- Works & Services receive Rs86 billion, and Planning & Development is allocated Rs30 billion.
- Social protection: Rs34.9 billion for pro-poor initiatives and Rs116 billion in subsidies.
- Key relief measures: Minimum wage increase of Rs37,000, salary increases of 22-30 per cent, and pension hikes of 15 per cent.
- Latest initiatives: Rs8 billion Hari Card scheme for farmers, Rs5 billion Inclusive Enclave in Korangi, Rs485 million fiscal decentralisation for police stations, Rs5 billion solarisation initiative, Rs5 billion Hub Canal Project for water supply to Karachi, and Rs5 billion Mazdoor Card programme.
- Investment in human capital: Rs190 billion in grants for education and healthcare, including Rs35 billion for universities.
- The budget reflects a comprehensive approach to development, social welfare, and economic recovery, demonstrating the government’s commitment to citizens’ well-being.
