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With Rs 2.1tr outlay, development budget for FY22 goes up by 38%


Daily Times
With Rs 2.1tr outlay, development budget for FY22 goes up by 38%
Out of total allocation, Rs 900 billion set aside for federal PSDP and Rs 1.235 trillion for provinces
June 12, 2021
Pursuing an approach of balanced development across the country, the federal government on Friday unveiled Rs 2.1 trillion Public Sector Development Programme (PSDP) for the fiscal year 2020-21, with special focus on strengthening the health sector and generating business activities to combat widespread disruptions caused by the Covid-19 pandemic.
Out of the total PSDP outlay, an amount of Rs 900 billion was set aside for the federal PSDP and Rs 1.235 trillion for the provinces, according to the budgetary document. ....

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Govt is Allocating Rs. 2.1 Trillion for Development Programs in Budget 2021-22: Asad Umar


Govt is Allocating Rs. 2.1 Trillion for Development Programs in Budget 2021-22: Asad Umar
The Federal Minister for Planning and Development Asad Umar, announced that the National Economic Council (NEC) has approved the allocation of Rs. 2.10 trillion for the country’s development program.
This included Rs. 87 billion for the China-Pakistan Economic Corridor (CPEC) for 2021-22 against Rs. 1,527 billion for 2020-21, with an increase of 36.4 percent.
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Flanked by the Chairman of the CPEC Authority, Asim Saleem Bajwa, during his briefing regarding the allocations for the Public Sector Development Program (PSDP), Minister Umar said that the allocation for the federal development budget is Rs. 900 billion for 2021-22 against Rs. 650 billion for 2020-21, while the provincial development budget is Rs. 1,202 billion for 2021-22 against Rs. 867 billion for 2020-21. ....

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