Sindh govt presented Rs 739.3 billion budget
14 June, 2015
KARACHI: The Sindh government on Saturday presented budget for financial year 2015-16 with a total outlay of Rs 739.3 billion in the Sindh Assembly.
Finance Minister Syed Murad Ali Shah presented the budget amidst sloganeering by the opposition.
The total receipts for FY 2015-16 are estimated at Rs 726.57 against estimates of Rs 672 billion for the current fiscal year, showing an overall increase of 8.1%. The estimated expenditures for the next year stand at Rs 503.34 billion, against current financial year’s estimate of Rs 436.09 billion, indicating an increase of 15.4%.
With the proposed budget estimates, deficit would stand at Rs 12 billion. The finance minister told the assembly that total development outlay for FY 2015-16 was estimated at Rs 214 billion. Of this, Rs 177 billion will be funded from provincial resources; Rs 9.6 billion will come from grants by the federal government and Rs 27 billion is estimated to come as foreign projects assistance.
The government has decided to continue with its policy of allocation of 80% of development funds for ongoing schemes and only 20% for new schemes and special initiatives.
The number of schemes in the ADP has been reduced but allocations for each scheme has been increased. As a result of this policy, throw forward of development schemes has been reduced from Rs 704 billion on July 1, 2014 to Rs 552 billion on July 1, 2015, by 21.3%. Budget allocation for education including medical education and technical education has been enhanced from Rs 134.37 billion in current year to Rs 144.67 billion for the next year, showing an increase of 7.6%. This includes grants for universities and educational institutions, which are proposed at Rs 6.12 billion against Rs 5.89 billion for the current year.
Health stood third largest sector in terms of allocation of funds. The expenditures on health excluding medical education have been increased by 32%, from Rs 43.48 billion in current year to Rs 57.49 billion in next year. An amount of Rs 3.94 billion has been allocated for medical education, against Rs 3.36 billion of the current year, showing an increase of 17.26%.
In order to eliminate menace of polio, thalassemia and kidney failure, an allocation of Rs 412 million is proposed as remuneration of polio workers, Rs 250 million for treatment of thalassemia and Rs 250 million for dialysis facilities.
Overall budget for police has been increased from Rs 50.915 billion to Rs 61.84 billion. Overall budget for Rangers has been increased from Rs 2.22 billion to Rs 2.448 billion. Around 10,030 police posts have been created in the budget of 2015-16 at a cost of Rs 1 billion.
Expenditure on energy are estimated at 25.9 billion, which includes Rs 25 billion for clearance of outstanding liabilities of various government departments. The ADP for energy sector is estimated at Rs 16.5 billion, which includes Rs 13.833 billion for ongoing schemes and Rs 2.666 billion for new schemes.
Proposed allocation for roads sector in ADP stands at Rs 8.5 billion. In addition to it, Rs 1.211 billion have been allocated for foreign funded development projects.
Expenditures on irrigation department are estimated at Rs 17.685 billion, against Rs 15.974 billion of the current year, showing an increase of 10.7%.