budget

Punjab Leads in Utilizing Allocated Funds for Provincial Development

The PTI led KP government stands at the lowest ebb among all federating units in terms of utilizing their respective development outlays in the outgoing financial year 2015-16, The Truth Pursuit learnt.

According to official figures presented before the National Economic Council (NEC) and available with The Truth Pursuit states that KP government failed to utilize 24 percent development funds during the current financial year.

The PTI led KP government had announced development outlays of Rs 172.9 billion for 2015-16 out of which they would be utilizing Rs 131.7 billion during the outgoing financial year. “The KP government has utilized 76 percent out of total allocated development funds,” said the official.

For the upcoming budget 2016-17, the KP government will allocate Rs 143 billion development outlay in the coming financial year.

In the aftermath of 18th Constitutional Amendment and transferring more financial resources towards provinces, the importance of provisions has increased manifold in terms of service delivery and if development funds remained unutilized it would be a reflection on the efficiency and seriousness of the governance structure pointing out serious flaws for putting in place effective mechanism to ensure improved delivery for meeting social sector as well as other infrastructure requirements at grass roots levels.

Punjab stands at top among all federating units in terms of utilizing allocated development funds in outgoing fiscal year as the provincial government allocated Rs 398 billion as development outlay of which they utilized 396 billion. “Punjab has utilized 99.5 percent of allocated development funds during the outgoing fiscal year,” said the official.

Now Punjab plans to allocate Rs 460 billion for their development outlay in the upcoming budget 2016-17.

The PPP leg government of Sindh had allocated Rs 188.3 billion as part of their development outlay in the last budget 2015-16 and they were able to utilize Rs 153.9 billion in the ongoing financial year, “Sindh has utilized 82 percent of allocated funds of Rs 188.3 billion,” said the official and added that around 18 percent funds would lapse.

For upcoming budget 2016-17, the Sindh government plans to allocate Rs 211 billion as part of their development outlays in next financial year.

Balochistan government had allocated Rs 55.5 billion as provincial development outlay in the last budget for 2015-16 out of which they were able to utilize Rs 50.6 billion so their utilization stood at 93 percent against initial allocated amount.

For the next budget, Baloshistan plans to allocate Rs 61 billion as provincial development outlay for next financial year.

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