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Balochistan budget of Rs74.247 bn presented

Saturday, June 20, 2009 Leave a Comment

The Balochistan government has presented budget for the financial 2009-10 weighing Rs.74.247 billion by announcing 15% rise in salaries of employees and to create 4000 fresh vacancies.
Provincial Finance Minister, Mir Asim Kurd Gilo presented the budget with the estimated deficit of Rs 8.3324 billion for the financial year 2009-10.

Provincial Finance Minister, Mir Asim Kurd Gilo while announcing budget has said that government has allocated amount of Rs18.536 billion for the development sector out of which amount of Rs5.1745 billion has been allocated for foreign projects and aid.

He said that revenue generation of Rs 59.541 billion is likely in the financial year 2009-10. The revenue generation of Rs 3.6456 billion is likely from the provincial resources while Rs 66.4084 billion will be received as Federal aid.

The budget deficit will reduced to Rs 2.3324 billion through the aid of Rs 3 billion received from the Federal government and Rs 3 billion for the developmental projects of the parliamentarians. The government of Balochistan will try to overcome the deficit through its resources.

The volume of current expenditures of Balochistan province has been estimated Rs 53.812 billion for the financial year 2009-10.

Similarly, 4000 fresh vacancies in different departments will be created to overcome unemployment in the province.