Balochistan presents Rs465.5 billion deficit budget for FY 2020-21

By: News Desk      Published: 11:00 PM, 20 Jun, 2020
Balochistan presents Rs465.5 billion deficit budget for FY 2020-21
Balochistan Finance Minister Mir Zahoor Buledi presents the budget.–File photo

The Balochistan government presented a Rs465.528 billion deficit budget for the fiscal year 2020-21 on Saturday evening.

An allocation of Rs8 billion for the fight against coronavirus and other disasters and zero percent increase in salaries and pension of government employees are salient features of the budget of Pakistan’s most underdeveloped and largest province (in terms of area).

Balochistan Finance Minister Mir Zahoor Buledi presented the budget. According to the budget document, the total provincial expenditure for the next fiscal year is estimated at Rs465.528 billion, while the total provincial income is estimated at Rs377.91 billion. The total budget deficit is estimated at Rs87.61 billion. The share Balochistan will get from the federation is estimated at Rs303 billion. The estimated amount the province will collect in the name of different taxes will be around Rs50 billion.

Per the budget document, non-development expenditure of the province is estimated at Rs309.3 billion and development expenditure at Rs106.9 billion. More than 10 percent of the total budget has been allocated for the health sector, while Rs2.5 billion has been allocated for purchase of an air ambulance. The government has allocated Rs44 billion to maintain law and order in the province and Rs500 million to deal with the locust attacks on crops. The provincial government also announced setting up a Rs1 billion revolving fund for food security.