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Finance Division Stalls Budget Ceiling Request for Development Projects in FY2022-23
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Rs800b proposed for PSDP in budget
Top Story
April 22, 2021
ISLAMABAD: The budget-making process for 2021-22 has kick-started as the Ministry of Finance has shared Indicative Budget Ceiling (IBC) with the Ministry of Planning for allocation of Rs800 billion for Public Sector Development Programme (PSDP) in the next budget 2021-22.
“Yes, the Ministry of Finance has shared the IBC for allocation of development funds under the PSDP to the tune of Rs800 billion for the upcoming budget,” the official communication sent by the Finance Division to Ministry of Planning reads out here on Wednesday.
The utilisation of development funds both at the federal and provincial levels remained pathetic during last two years. The Planning Commission released full funds for the fourth quarter (April-June) period of the outgoing fiscal year but the utilization failed to get momentum so far. It is yet to seen how the utilization of development funds will be geared up after Eid Ul Fitr. Out of t
Top Story
April 22, 2021
ISLAMABAD: The budget-making process for 2021-22 has kick-started as the Ministry of Finance has shared Indicative Budget Ceiling (IBC) with the Ministry of Planning for allocation of Rs800 billion for Public Sector Development Programme (PSDP) in the next budget 2021-22.
“Yes, the Ministry of Finance has shared the IBC for allocation of development funds under the PSDP to the tune of Rs800 billion for the upcoming budget,” the official communication sent by the Finance Division to Ministry of Planning reads out here on Wednesday. The utilisation of development funds both at the federal and provincial levels remained pathetic during last two years. The Planning Commission released full funds for the fourth quarter (April-June) period of the outgoing fiscal year but the utilization failed to get momentum so far. It is yet to seen how the utilization of development funds will be geared up after Eid Ul Fitr.
National
April 22, 2021
ISLAMABAD: The budget-making process for 2021-22 has kick-started as the Ministry of Finance has shared Indicative Budget Ceiling (IBC) with the Ministry of Planning for allocation of Rs800 billion for Public Sector Development Programme (PSDP) in the next budget 2021-22.
“Yes, the Ministry of Finance has shared the IBC for allocation of development funds under the PSDP to the tune of Rs800 billion for the upcoming budget,” the official communication sent by the Finance Division to Ministry of Planning reads out here on Wednesday.
The utilisation of development funds both at the federal and provincial levels remained pathetic during last two years. The Planning Commission released full funds for the fourth quarter (April-June) period of the outgoing fiscal year but the utilization failed to get momentum so far. It is yet to seen how the utilization of development funds will be geared up after Eid Ul Fitr. Out of the total allocated funds of Rs650 bill
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