ISLAMABAD: The government has estimated foreign assistance of Rs 2.207 trillion for 2020-21 against Rs 3.032 trillion budgeted for the current fiscal year which was later revised downward to Rs 2.272 trillion.
The external resources projected for 2020-21 are lower by around 37 percent and 3 percent respectively when compared with budgeted and revised estimates of 2019-20.
The government has budgeted estimates of Rs503.566 billion under the head of programme loans (budget support) and Rs 1.425 trillion under the head of other loans.
The programme loans estimated in the budget for 2020-21 are classified as Rs 154.257 billion from Asian Development Bank (ADB), Rs 82.5 billion from AIIB, Rs 24.4 billion from International Development Association (IDA) and Rs22.77 billion from International Bank for Reconstruction and Development (IBRD).
The government has budgeted Rs 211.068 billion from the International Monetary Fund (IMF) for next fiscal year for budgetary support against Rs 357.450 billion budgeted for the current fiscal year which was later revised upward to Rs 456.652 billion.
The government has not budgeted any amount under budgetary support from friendly countries for next fiscal year though Rs 750 billion was budgeted for the current fiscal year under this head.
The government has budgeted Rs 165 billion from Saudi Arabia (short term) for next fiscal year and Rs 480 billion for the current fiscal year which was later revised down to Rs 138.84 billion.
The government has budgeted Rs 647.212 billion from foreign commercial banks for 2020-21 against Rs 300 billion for 2019-20 which was later revised upward to Rs 623.610 billion. The government has budgeted Rs 247.5 billion from Euro bond/ international Sukuk for 2020-21 against Rs 450 billion budgeted for the current fiscal year.
Comments
Comments are closed.