Estimated receipts Rs1028.9bn, estimated expenditure Rs1043.2bn

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presenting the provincial budget said that the total receipts of Province for financial year 2017-18 were estimated at Rs.1028.9 billion. The estimated expenditure was Rs.1043.2 billion.

In his budget speech he went on saying that for the next financial year the budget estimates of receipts is Rs.1124 billion which was 8.5 percent higher than for Current Financial Year. “Receipts from Federal Government on account of revenue assignment, straight transfer and grants are estimated at Rs.665.1 billion. Receipts from Federal Government are 59.2 percent of the total receipts of the Province.

Receipts of Federal PSDP are estimated at Rs.15 billion. Receipts on account of Foreign Project Assistance, budgetary support loans and grants are estimated at Rs.46.9 billion. Receipts from provincial own sources including tax and non-tax receipts are estimated at Rs.243 billion,” he said.

Talking about expenditure side, Murad Ali Shah said that the outlay of budget was estimated at Rs.1144.2 billion as against budget estimate of Rs.1043.2 billion of 2017-18, reflecting an increase of 8.8 percent. “The current expenditure including Current Revenue Expenditure of Rs.773.2 billion and Current Capital Expenditure of Rs.27.1 billion stands at Rs.800.3 billion,” he said.

He said for the next financial year Current Expenditure constitutes 69.9 percent of the total provincial budget. The estimates of development expenditure for Financial Year 2018-19 are pitched at Rs.344 billion. “Sindh has witnessed a decade of sustainable development. We are committed to take Sindh to new heights of progress and prosperity,” he said.