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PSDP spending exceeds by Rs9 billion: Umar


July 28, 2021
ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar said on Tuesday the total spending under Public Sector Development Programme (PSDP) in the year 2020-21 exceeded the target set for the corresponding year by Rs9 billion to Rs659 billion, which was the highest development funds utilisation since 2011-12.
“Total PSDP spending in 2020-21 was Rs 659 billion vs a target of Rs650 billion or 101.4 per cent,” he tweeted. “In a year of Covid restrictions, this exceptionally high development spending reflects the resolve of Prime Minister Imran Khan to accelerate growth,” he added.
According to data released by the Planning Commission, the released funds included Rs425.7 billion for federal ministries, Rs166.68 billion for corporations, Rs37.06 billion for special areas, and Rs1.5 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA). ....

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