Sindh announces Rs 577b budget for 2012-2013

The Government of Sindh unveiled a Rs 577 billion budget for the fiscal year 2012-13. Provincial Finance Minister Syed Murad Ali Shah announced the budget.

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During his speech, Shah mentioned that around 40pc of the total budget has been allocated to developmental projects. “We have reduced our non-developmental expenditure during the last few years,” he said.
He further added that the estimated revenue for year 2012-2013 is also 25pc higher than the last year.
Entailing a capital of Rs570 billion and a deficit of Rs7 billion, the budget has allocated Rs20 billion for local governments which neither been restored nor dissolved under the Sindh Assembly Act.
According to a copy of budget obtained by a private TV, an amount of Rs12 billion has been allocated for the health sector, while Rs9 billion will be spent on education. Rs35 billion has been reserved for foreign projects, while Rs14 billion has been allocated for the projects funded by the federal government. The budget has shown a growth of 40pc, breaking the record of all the previous budgets.