KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Friday presented a Rs1217 billion zero deficit budget for the next financial year, the next financial year, 2019-20 in which a 15 percent salary and pension has been increased across the board.
In the budget Peoples Promise Programme, a programme for poverty reduction as pledged by the Chairman PPP in his election campaign has also been unveiled. In the next budget first priority in terms of budgetary allocations has been be given to education and then health and law and order.
The chief minister said that the Federal government has revised federal transfers from budgetary estimates of Rs665.085 billion to Rs631.543 billion, but, such claims were misleading. He added that the federal government failed to assess its own fiscal position and erroneously communicated two different figures of revised Federal Transfers within a matter of days. “In the last 11 months, Sindh has received only Rs492.135 billion on account of Federal Transfers and it is anticipated that by the end of financial year the shortfall would be Rs117.527 billion,” he said.
The chief minister said that the federal government blamed the Federal Board of Revenue for poor revenue generation, therefore he offered the Federal Government to authorize provincial government to collect sales tax on goods on its behalf. “We believe that once devolved the returns from Sales Tax on Goods can be maximized as it has been done in case of Sales Tax on Services,” he said and added “ the Federal Government has shown no real intent to develop consensus on 9th NFC award and the delay in the announcement of the award is at the expense of rights of provinces. “