Govt fails to fully utilise rupee component of PSDP
July 27, 2021
ISLAMABAD: The government has failed to fully utilise the rupee component of its Public Sector Development Programme (PSDP), and its consumption of the funds stood at Rs551.4 billion against an allocated amount of Rs577 billion during fiscal year 2020-21.
Different ministries/divisions and attached departments could not use the whole allocation, and fell short of Rs26.4 billion. This was compensated by foreign aid, as Islamabad received a larger amount. Therefore, the foreign aid was utilised more in order to show utilisation of funds to the tune of Rs650 billion for the last financial year. The utilisation of the whole PSDP amount stood at Rs651.4 billion during fiscal year 2020-21, against allocated funds of Rs650 billion.