KARACHI: Sindh’s budget for the 2016-2017 financial year with an outlay of approximately Rs869 billion was presented in the provincial assembly on Saturday. The new budget translates into a rise of around 15 per cent compared to fiscal year 2015-16.
The budget was presented in the assembly by Sindh Finance Minister Syed Murad Ali Shah after it was approved by the provincial cabinet members. The session was chaired by Speaker Agha Siraj Durrani.
For the next fiscal year’s budget, the biggest amount of Rs150bn has been allocated for education while Rs55bn has been set aside for health.
The combined budget for Sindh Home Department and the police has been suggested to be Rs70bn.
Meanwhile, a special package of Rs10bn has been set aside for Karachi in next year’s budgetary proposal.
Sindh government’s utilisation of development funds allocated in the previous fiscal year remained disappointingly low as only Rs86bn were spent out of a total of Rs162bn, while several development projects could not be completed.