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9th NFC Award to be taken with consensus, Provinces agree

Latest Update: November 28, 2016 | 158 Views

ISLAMABAD: It was decided in the meeting chaired by Federal Minister for Finance Ishaq Dar that the next year’s budget would be made on the basis of National Finance Commission Award.

The participants of the meeting agreed upon the fact that the 9th NFC Award would be prepared prior to next year’s budget.

During the meeting, it was also suggested by the participants that funds should be allocated for national security. The participants of the meeting revealed that this is a non-NFC recommendation in which we would like to allocate 3% of the revenue for fighting against terrorism.

The representative members from Sindh and Khyber Pukhtunkhwa welcomed the consensus over 9th NFC Award. The members revealed that the new NFC Award would enhance resources of the provinces.

It was also decided during the meeting that the working groups would prepare their report prior to Dec 10 while meeting of the National Finance Commission would be held in third week of December.