QUETTA: Nawab Aslam Raisani led coalition government on Tuesday unveiled Rs164.447 billion tax free budget for fiscal year 2011-12 including Rs31.241 billion of annual development program and foreign assistance program of Rs2.225 billion with a deficit of Rs6.731 billion.
Speaker Muhammad Aslam Bhootani presided over the assembly sitting in which Finance Minister Mir Asim Kurd Gailo presented the fourth budget.
Delivering his budget speech, the Finance Minister said the non-development expenditures budget is Rs133.206 billion including revenue expenditures Rs90.562 billion and capital expenditures Rs42.644 billion. He said estimates of receipts from province's own resources Rs4.851 billion.
Elaborating the details of federal receipts, he said that receipts from divisible pool are Rs93.255 billion, direct transfer Rs13.407 billion and others 15.542 billion adding that capital receipts are Rs30.788 billion. He said that total receipts are estimated at Rs157.843 billion for fiscal year 2011-12 with deficit of Rs6.604 billion.
"The incumbent Nawab Aslam Raisani government has executed record uplift projects in the province while next budget 2011-12 focuses on infrastructure development," he said adding that the provincial government is facing challenge of poverty for which adequate funds had been earmarked in next fiscal budget.
Copyright APP (Associated Press of Pakistan), 2011
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