Sindh’s Rs1 trillion deficit budget today


KARACHI: The Sindh government will present its Rs1 trillion deficit budget for the fiscal year 2017-18 on Monday (today).

Sindh Chief Minister Syed Murad Ali Shah, who also holds the portfolio of the finance minister, will present the budget at 3 pm after approving it from the cabinet.

The Sindh government is facing a shortfall over Rs15 billion. A total of Rs346 billion are expected to be allocated for development budget while Rs665 billion are expected to be allocated for non-development expenditure. The provincial government is likely to get Rs627 billion from the federal government under the National Finance Commission Award while revenues of Rs200 billion are expected to be shored up under provincial taxes.

The budget is also expected to include new expenditures worth around Rs20 billion.

The government is also likely to announce around 46,000 government jobs. This includes regularisation of services of 14,000 lady health workers and 10,000 new jobs in the police force.

A sum of Rs10 billion is likely to be allocated for Karachi under a development package.