Budget 2018: Rs2.043 trillion earmarked for PSDP to promote growth

ISLAMABAD: The government on Friday unveiled Rs 2.043 trillion Public Sector Development Programme (PSDP) for the fiscal year 2018-19, aimed at further strengthening physical and social infrastructure, to put the economy on sustainable and high growth trajectory.The PSDP 2018-19, formulated on the basis of development priorities of the government and the Ministry of Planning, Development and Reform, has aligned it with Sustainable Development Goals (SDGs), Long Term Plan of China Pakistan Economic Corridor and Vision 2025 goals.Out of the total PSDP, Rs1030 billion have been set aside for the federal departments whereas a sum of Rs1013 billion has been allocated for the provinces, according to budgetary document.Out of Rs1030 billion federal PSDP, the government allocated an amount of Rs4677.487 million for Aviation Division, Rs125 million for Board of Investment, Rs1116.438 million for Cabinet Division, Rs15236.924 million for Capital Administration and Development Division, Rs802.699 million for Climate Change Division, Rs1500 million for Commerce Division, Rs14480 million for Communication Division (other than NHA) and Rs640.644 million for Defence Division.An amount of Rs2810 million has been set aside for Defence Production Division, Rs70million for Economic Affairs Division, Rs 175.4 million for Establishment Division, Rs4336.5 million for Federal Education and Professional Training Division, Rs18151.4 million for Finance Division and Rs199 million for Foreign Affairs Division.The government also allocated Rs46679 million for Higher Education Commission, Rs5433.1 million for Housing and Works Division, Rs300 million for Human Rights Division, Rs1775.2 million for Industries and Production Division, Rs1644 million for Information and Broadcasting Division, Rs3046.3 million for Information Technology and Telecom Division and Rs3552.5 million for Inter Provincial Coordination Division.An amount of Rs24207.8 million has been allocated for Interior Division, Rs51205.8 million for Kashmir Affairs and Gilgit-Baltistan Affairs Division, Rs1025 million for Law and Justice Division, Rs10118 million for Maritime Affairs Division, Rs251 million for Narcotics Control Division, Rs1808 million for National Food Security and Research Division, Rs25034.4 million for National Health Services Regulation and Coordination Division, Rs550.5 million for National History and Literary Heritage Division, Rs30424.5 million for Pakistan Atomic Energy Commission, Rs300 million for Pakistan Nuclear Regulatory Authority and Rs943 million for Petroleum Division.The government allocated Rs27590 million for Planning Development and Reform Division, Rs370 million for Postal Services Division, Rs40000 million for Railways Division, Rs36 million for Religious Affairs and Interfaith Harmony Division, Rs2558.9 million for Revenue Division, Rs2660 million for Science and Technological Division and Rs28255.5 million for States and Frontiers Regions Division.An amount of Rs200 million has been kept for Statistics Division, Rs4700 million for SUPARCO, Rs280 million for Textile Industry Division and Rs79500 million for Water Resource Division.In addition, the government also allocated Rs237725 million for various corporations including Rs201600 million for National Highways Authority, Rs36125 million for NTDC/PEPCO.An amount of Rs5000 million has been earmarked for Prime Minister's Global SDGs achievement programme, Rs5000 million for Special Provision for Completion of CPEC Projects, Rs10000 million for FATA 10 Years Plan (Federal Contribution), Rs8500 million for ERRA and Rs100000 million for Block Allocation for New Projects by next government.Moreover, Rs45000 million has been allocated for Relief and Rehabilitation of internally displaced persons and Rs45000 for Security Enhancement, Rs10000 million for Prime Minister's Youth Initiative and Rs5000 million for Gas Infrastructure Development Cess.

from The News International - National https://ift.tt/2vSXFjx