Balochistan Govt Unveils Rs 584.083 Bln Growth-oriented Budget
The Balochistan government Friday unveiled its growth-oriented and pro-business budget for the upcoming fiscal year 2021-22, with a total outlay of Rs584.083 billion
ISLAMABAD, (UrduPoint / Pakistan Point News - 18th Jun, 2021 ) :The Balochistan government Friday unveiled its growth-oriented and pro-business budget for the upcoming fiscal year 2021-22, with a total outlay of Rs584.083 billion.
Presenting the third budget, Finance Minister, Mir Zahoor Ahmed Buledi said the total income for the upcoming year had been estimated at Rs 499.36 billion, hence the budget deficit would be around Rs 84.7 billion.
He said the outlay of non-developmental funds for the next fiscal year 2021-22 would be Rs 346.861 billion.
He said health was among the priorities of the provincial government, adding the government had allocated more than 56.57 billion rupees for the betterment of health sector. The government has proposed to launch Balochistan Health Card with cost of Rs 5.914 billion to provide upto one million rupees each to around 1.875 million families for their medical treatment.
He also announced many development projects in health sector including establishment of hostels in Bolan Medical Complex at Quetta, expansion of Children Hospital Quetta, establishment of Dental College, and other projects.
The minister also announced recruitment on around 5854 posts lying vacant in the province.
He said agriculture was the backbone of the provincial economy, therefore Rs 500 million has been allocated for the up-gradation and development of irrigation system in the province during the upcoming fiscal year.
The minister announced establishment of 100 new schools, for which Rs1500 million were being allocated from annual budget. He also announced the up-gradation, renovation and provision of basic facilities in many schools for promoting education across the province.
The government has allocated Rs 163.
He also announced internship programme for unemployed diploma holder engineers.
He said Rs248.294 million had been earmarked for construction of forensic science laboratory in the province.
The minister said for the first time Balochistan Tax Revenue Mobilization Strategy was being prepared to bring about tax reforms to help enhance revenue collection and reduce expenditures.
He said efforts would be made to reduce fiscal deficit during the upcoming fiscal year.
The Balochistan government has also announced a special package of Rs 500 million for the welfare of minority communities in budget 2021-22. The government has also planned to initiate KUMAK Special Person's Support Fund with Rs 2 billion in the financial year 2021-22.
Two billion rupees would be spent in the forthcoming financial year under the initiative of Balochistan Awami Endowment Fund to ensure best health care facilities to the poor people who were suffering from chronic diseases.
The Balochistan government is giving great importance to the agriculture sector and Rs one billion has been earmarked for the Balochistan Food Security Revolving Fund to ensure uninterrupted supply of food to the masses.