The budget of Balochistan for the next financial year will be presented today. The budget meeting of Balochistan Assembly has been called at 4 pm, Provincial Finance Minister Zamrik Khan Achakzai will present the budget. The size of the budget of Balochistan for the next financial year is likely to be more than 700 billion rupees.
Balochistan Budget 2023-24 Pakistan
The budget deficit for the next fiscal year is likely to be more than 150 billion, while the development budget may be around 200 billion rupees. The budget includes a proposal to provide more than 5,000 jobs and increase the salaries of government employees by 30 percent. In the upcoming budget of Balochistan, it has been proposed to allocate 5 billion 80 crore rupees for health card.
The budget for the next financial year is likely to allocate Rs 90 billion for education and Rs 40 billion for health while Rs 60 billion will be allocated for law and order. The budget has allocated Rs 140 billion for development expenditure while non-development expenditure. Two billion 70 crore rupees have been kept for the supply of medicines in government hospitals.
In the upcoming budget, the estimated income of Balochistan from own resources is 60 billion 32 crore rupees, distributable income under NFC award and income from other sources is estimated at 413 billion rupees. Two billion rupees will be allocated for the Balochistan Education Endowment Fund.
In the budget of the next financial year, it is proposed to keep 90 billion rupees for education, while 60 billion rupees are proposed to be kept for law and order and 50 billion rupees for health. 2 billion rupees are being allocated for the Government of Balochistan Pension Fund, 1 billion rupees are proposed to be kept for the Public Endowment Fund.
The budget allocated Rs 23.981 billion for development, Rs 7.050 billion for development, Rs 44 billion for non-development, Rs 4.121 billion for development, and Rs 11.071 billion for non-development. 1 billion for food security and Rs 75 crore for PPHI is proposed. Balochistan is likely to receive more than Rs 20 billion 6 crore from direct transfer.
In the budget of Balochistan for the next fiscal year, the non-development expenditure is estimated to be around 495 billion rupees. Around 200 billion rupees are likely to be allocated for the development program in the budget. It is proposed to keep about 6 thousand new posts in the upcoming budget of Balochistan.
In the budget of Balochistan, it has been proposed to increase the salaries and pensions of government employees on the pattern of the federal budget. The deficit in the budget of Balochistan is likely to be up to 170 rupees. About 78 billion rupees are proposed to be allocated for education, 51, 51 billion rupees for health and law and order.