Second quarter: Sindh government's uplift expenditure stands at Rs 51.1 billion: report

The development expenditure of Sindh government in the second quarter of the current financial year stood at Rs 51.1 billion. The development expenditure for the province in the current budget was estimated at Rs 284.1 billion, which was enhanced to Rs 291.7 billion.

The development expenditure in the second quarter (October-December) was 18 percent of the modified estimates. According to the Budget Execution Report for the second quarter of 2019-20, the provincial Annual Development Plan (ADP) expenditure stood at Rs 46.4 billion, which is twenty percent of the modified ADP estimates.

Ongoing schemes expenditure came to Rs 46.3 billion whereas 0.1 billion was registered for new schemes in the period under review. Foreign project assistance figures were recorded at Rs 4.2 billion and the federal Public Sector Development Programme (PSDP) stood at Rs 0.5 billion. The Budget Execution Report presents the progressive actual revenue and expenditure in the second quarter of the fiscal year 2019-20 compared to the budget (revenue target and expenditure allocations).

Moreover, the report presents the developments in the public account and food account, as well as the utilization of the financing instruments. According to the report, government is eager to ensure efficient and effective budget utilization, accurate and timely accounting and reporting and effective scrutiny and review of the expenditure of public resources at all levels of government; to ensure accountability of public resources and the effectiveness and lawfulness in the collection and application of public funds; to improve internal control, including enhanced accountability in the emerging areas of budget making, revenue collection and accounting; and reporting on results and monitoring and evaluation through improved capacity.

In order to foster economic development and achieve strategic and social goals and improved service delivery, the Sindh government has adopted a roadmap for short-to-medium term policy interventions.