ISLAMABAD: The Annual Plan Coordination Committee (APCC) will recommend a macroeconomic framework and federal development expenditure volume of around Rs 900-1,000 billion for the upcoming budget for the next financial year 2023-24.
In the federal budget, the government asked parliamentarians to recommend a proposed allocation of Rs 90 billion for the controversial Sustainable Development Goals Achieving Program (SAP), against revised estimates of Rs 111 billion in the outgoing fiscal year. All ready.
Arrangements are underway to increase the allocation of the SDG Achievement Program from 111 billion rupees to 116 billion rupees for the outgoing financial year.
Informed sources in the Cabinet Division told JEE News that MPs from Balochistan and Sindh provinces have largely presented flood-related schemes under the SDG Achievement Program in the current financial year.
The World Bank and the Asian Development Bank (ADB) are also providing $3 billion in loans for flood-related schemes after severe floods, so there should at least be some mechanism to overlap the cost to national exchequers. can be saved from .
In Sindh and Balochistan, 50 to 60 percent of small development schemes were flood-related in the current financial year.
There are reports that a political party, one of the major allies of the ruling coalition at the federal level, has stipulated that all funds from its MPs should be handed over to the political leader, who will share their share. will do Every Member of Parliament belonging to a party.
All major allies of the Pakistan Democratic Movement-led government have benefited from the SAP programme, as its funding has increased from Rs 68 billion at the initial level to Rs 116 billion in the current fiscal year.
The APCC, which is scheduled to meet today (Friday) at the Ministry of Planning, will consider approving the macroeconomic framework, which includes a real GDP growth rate of 3.5 percent for the upcoming budget 2023-24. And the CPI-based inflation rate is included at 21 percent. .
According to a working paper prepared by the Ministry of Planning on Thursday, the Finance Ministry had given an indicative budget limit of Rs 700 billion for the Public Sector Development Program (PSDP) for the next budget of 2023-24, but the Finance Minister and Planning expected He revealed that it will be jacked up to 800 billion rupees on the instructions of Prime Minister Shahbaz Sharif.
Now that the government has proposed an allocation of Rs 200 billion for the Viability Gap Fund (VGF) to be run through public-private partnership (PPP), the total PS at the federal level for the next financial year. The volume of DP will be proposed to be 1000 billion rupees. .
The share of the National Highway Authority (NHA) in the proposed PSDP will be reduced from Rs 90 billion to Rs 100 billion for the next budget, mainly because the NHA is allocated in the current fiscal. A large part of the money made failed to be used. The year
The government is all set to propose allocations for flood relief and reconstruction efforts in the coming fiscal year. The government is also considering an allocation for the Diamer Bhasha Dam in the upcoming budget for 2023-24.
