Government allocates Rs 1,324 Billion for the PSDP for 2020-21

The Pakistan Tehreek-i-Insaf (PTI) government unveiled its second annual budget for the fiscal year 2020-21 on Friday, coming at a time of high uncertainty as coronavirus pandemic stirs economic upheaval both nationally and globally, the budget is being referred as corona-budget.

The size of Public Sector Development Programme (PSDP) for 2020-21 is Rs 1,324 billion. Out of this, Rs 676 billion has been allocated to provinces. Federal PSDP has been estimated at Rs 650 billion, out of which Rs 418.7 billion for Federal Ministries/Divisions, Rs 100.4 billion for Corporations, Rs 3 billion for Earthquake Reconstruction and Rehabilitation Authority (ERRA), and 7bn for COVID responsive and Other Natural Calamities Program.

The development expenditure outside PSDP has been estimated at Rs 70.0 billion in the budget 2020-21.