Balochistan Province (Budget) 2016-17 Complete Detail.QUETTA: Balochistan’s Rs282.77 billion budget for the next financial year aims to massively boost its investment in transport, education, health, infrastructure and productive sectors and security to attract foreign investors and turn the province into a regional commercial and industrial hub.
Chief Minister Nawab Sanaullah Khan Zehri unveiled the deficit budget in the Balochistan Assembly on Sunday evening
The government has pitched its development expenditure for the next financial year at Rs71.18bn, up by almost a third from the original estimates of Rs54.50bn for 2015-16. But the total available resources, including foreign project assistance of Rs6.18bn, are estimated to be Rs34.70bn, or less than half the size of the proposed development spending.
The difference between consolidated estimated revenues and consolidated expenditure stood at Rs37.53bn, but the government’s decision to divert the surplus of Rs1.05bn in its food account for other budgetary operations pulled down the budget deficit to Rs36.48bn.
The total provincial consolidated fund for 2016-17 is estimated to be Rs289.37bn as it includes an expenditure of Rs6.58bn for state trading in food.
The budget was announced by the chief minister against the backdrop of a massive National Accountability Bureau’scorruption investigation against his former provincial adviser on finance Mir Khalid Khan Langov and finance secretary Mushtaq Ahmed Raisani.