Home »Business and Economy » Pakistan » FY18 PSDP: 13.93 percent of budgeted amount released so far

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  • Sep 17th, 2017
  • Comments Off on FY18 PSDP: 13.93 percent of budgeted amount released so far
The government has released Rs 139.4 billion (13.93 percent) for different development projects under the Public Sector Development Programme (PSDP) 2017-18 against the total budgeted allocation of Rs 1,001 billion. According to the latest data released by Ministry of Planning, Development and Reform, the government has released Rs 36.4 billion (12 percent of total budgeted amount) for development projects of various federal ministries against the total budgeted allocation of Rs 305.6 billion.

However, the foreign aid funds have not yet been released for all development projects under PSDP-2017-18 against the total Rs 162.4 billion budgeted allocation.

The government has not released funds for development projects of various ministries, divisions and their departments including, Establishment Division, Federal Education and Professional Training Division, Foreign Affairs Division, Information & Broadcasting Division, Inter-Provincial Coordination Division, Law and Justice Division, National Security Division and Textile and Industry Division.

The government has also not released funds for development projects of Ministry of Water and Power (power sector). The government has not released funds for development projects of special federal development programme, energy for all, special provision for completion of CPEC projects, clean drinking water for all and gas infrastructure development cess.

The government has released Rs 38.8 billion for infrastructure projects of National Highways Authority (NHA) against the budgeted allocation of Rs 325.7 billion. The government has released Rs 8.63 billion for development projects of Pakistan Railway Division against total budgeted allocation of Rs 42.9 billion for current fiscal year 2017-18.

The Planning Commission released Rs 393 million for different projects of Pakistan Atomic Energy Commission against the total budgeted allocation of Rs 15.9 billion for fiscal year 2017-18. The government has released Rs 7.35 billion for Water and Power Division (water sector) for construction and development of water reservoirs for water conservation, irrigation and power generations against the total allocation of Rs 36.75 billion.

A total of Rs 6.13 billion have been released for different projects of Higher Education Commission (HEC) against the total budgeted allocations of Rs 35.7 billion.

The government released Rs 929.76 million to Capital Administration and Development Division, Rs 163 million to Climate Change Division, Rs 120 million to Commerce Division, Rs 2.6 billion for Communication Division (Other than NHA), Rs 1.3 billion to Interior Division, Rs 46 million to Pakistan Nuclear Regulatory Authority and Rs 223.78 million to Planning, Development and Reform.

Under PSDP 2017-18, an amount of Rs 620.7 million was released for different development projects of National Health Services, Regulation and Coordination Division against the total budgeted allocation of Rs 48.7 billion. The government released Rs 322.76 million for different developmental projects of National Food Security and Research Division against the earmarked Rs 1.6 billion for the development of agriculture sector in the country.

The government has released Rs 14.6 billion for Special Federal Development Programme for Temporarily Displaced Persons (TDPs) against Rs 90 billion budgeted allocation and Rs 3.9 billion for development projects of Prime Minister's Youth and Hunarmand Programme under current fiscal year 2017-18. The entire amount of Rs 30 billion has been released for Prime Minister's Global SDGs Achievement Programme.

The government released Rs 300.2 million to Finance Division, Rs 623.14 million to Aviation Division, Rs 389.2 million to Port and Shipping Division and Rs 262.96 million to Science and Technological Research Division.

The government released Rs 4.04 billion for development projects of Azad Jammu and Kashmir against the total budgeted allocation of Rs 25.84 billion for current fiscal year. The government also released Rs 5.58 billion for development projects of Gilgit-Baltistan against Rs 18.3 billion budgeted allocation, while Rs 5.15 billion have been released for the projects of Federally Administered Tribal Areas (FATA) against the total budgeted allocation of Rs 26.9 billion.

The Planning Commission of Pakistan will follow the stipulated mechanism for release of funds; first quarter (July-September) 20 percent, second quarter (October-December) 20 percent, third quarter (January-March) 30 percent and fourth quarter (April-June) 30 percent.



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