Balochistan includes 70% of approved schemes

QUETTA: For the first time in Balochistan’s history, the provincial Public Sector Development Programme (PSDP) for the fiscal year 2024-2025 includes a significant 70% of approved uplift schemes. This initiative aims to enhance good governance and increase the effective utilization of development funds. Chief Minister Sarfraz Bugti announced that the goal is to include 100% of the schemes in the PSDP by the following year.

Increased Utilization Target

Chief Minister Bugti highlighted that the provincial coalition administration has set a target to utilize 70 to 80% of the PSDP, addressing the historically low expenditure rates on development projects. He emphasized the need for a healthy competition among lawmakers, bureaucrats, and other stakeholders to ensure the timely completion of development schemes.

Monitoring and Reallocation of Funds

Bugti issued a warning that development funding would be reallocated from underperforming projects to those progressing swiftly. He urged parliamentarians to stay in their constituencies and closely monitor the progress of uplift schemes.

Balochistan includes 70% of approved schemes

Surplus Budget Presentation

In a significant move, Balochistan’s government has presented a surplus budget for the first time, a feat credited to the coalition partners. The budget emphasizes key sectors such as education, health, and climate change, with education being the top priority.

Federal Government Support

Bugti pointed out the challenges of developing 43% of Pakistan’s area with a limited budget and stressed that the province’s development and prosperity require federal government support.

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Enhanced Security and Revenue Collection Efforts

The Chief Minister acknowledged the efforts of police and levies in combating terrorism and highlighted attempts to match their pay with that of Punjab police. He also addressed the issue of Pakistan Petroleum Limited owing over Rs 50 billion in gas development surcharge, indicating efforts to contest the case amicably.

Financial Allocations and Priorities

Balochistan Finance Minister Mir Shoaib Nosherwani detailed the financial allocations for the next fiscal year, highlighting the government’s plan to spend Rs 321.1 billion on development, including Rs73.3 billion for federally funded projects.

Development Schemes and Budget Breakdown

Nosherwani announced the inclusion of 2,404 new and 3,976 ongoing development schemes in the budget for fiscal year 2024-25. The total development budget of Rs 219.561 billion will be directed towards these schemes, with an additional Rs28.2 billion expected from foreign project assistance.

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Sector-Wise Budget Allocation

1. Communication Sector: The highest priority with an allocation of Rs 50.228 billion, although slightly reduced from the previous year’s Rs 59.758 billion.
2. Irrigation Sector: The second-highest priority, receiving Rs 28.60 billion.
3. School Education: Allocated Rs26.424 billion, reflecting its inclusion in the priority list.
4. Health Sector: Witnessed a 45% increase in allocated funds to address the growing needs.

Gratitude and Acknowledgments

Bugti expressed gratitude to his team, coalition partners, and the Department of Finance for their collaboration on the budget, while also acknowledging the numerous challenges facing the province.

Quick Details

This comprehensive budget plan aims to drive development across various sectors in Balochistan, fostering growth and prosperity in the province.