RS422BN SINDH BUDGET-2011 FOCUSES ON DEVELOPMENTS
June 14 - 20, 2010
Focused more on annual development plan Sindh chief minister Syed Qaim Ali Shah presented a Rs422 billion budget with a deficit of Rs25 billion with 53 per cent allocation towards annual development program on June 11.
Sindh province is increasing Development Budget for facilitating greater economic activity, said the CM in his budget speech in Sindh assembly. Total budget size of the government expenses for the fiscal year 2010-11 is Rs422 billion as against total revenue of Rs397 billion with a deficit of Rs25 billion.
The direction of the budget is on the right path if the provincial government succeeds in ensuring transparency in development expenditure.
The provincial ADP is increased to Rs115 billion against the current year's allocation of Rs75 billion with an increase of 53 per cent, he said.
The total size of development portfolio adds to Rs135 billion as under: Provincial ADP Rs115 billion, Federal PSDP Grants Rs14.4 billion, Foreign Project Assistance Rs4.2 billion.
DISTRICT DEVELOPMENT PORTFOLIO HAS BEEN ESTIMATED AT RS18 BILLION.
Syed Qaim Ali Shah said the budget deficit is 6 per cent of the total budget of Sindh, adding and hopefully we should be able to finance this through following measures: improving our revenue collection; mobilising additional resources; containing current expenditures through ban on wasteful expenditures especially vehicles and discouraging unnecessary foreign visits, etc.