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Home Business

Govt issued Rs98b out of Rs727 billion development budget from July-October

by News Publishing
November 26, 2022
in Business, Finance
Reading Time: 1 min read
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Govt issued Rs98b out of Rs727 billion development budget from July-October
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A report on the allocation of development funds released in the first four months of the fiscal year 2022–23 was released by the Ministry of Planning and Development on Friday.

A total of Rs98.78 billion was released by the Planning and Development Commission for various development projects around the nation. The annual budget for development is Rs727 billion.

Out of the total Rs7 billion earmarked for education over the course of the four months, the report reveals that the ministry released Rs610 million. Out of Rs44 billion, a total of Rs2.53 billion was made available for higher education, it continued.

Only Rs. 160 million of the overall Rs. 12.65 billion public health budget was released by the Ministry, and only Rs. 12.70 billion of the total was allocated to the provinces, FATA, and Gilgit Baltistan.

The Ministry of Interior received Rs 400 million, Food Security received Rs 790 million, Railways received Rs 3.20 billion, Water Resources received Rs 18 billion, and National Highways Authority received Rs 20 billion (NHA).

According to the report, the cabinet division received a total of Rs70 million out of the total of Rs87 billion. 33 billion more rupees were released for federal project funding.

Tags: development budgetdevelopment projectslatestPlanning and Development Commission
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