Balochistan Finance Minister Mir Zahoor Ahmed Buledi will present the province’s budget for 2019-20 in the Balochistan Assembly today at 4 pm.
The total outlay of the budget is expected to be around Rs390 billion with allocation of around Rs95bn for the Public Sector Development Programme (PSDP).
Sources said that Rs295bn would be allocated for non-development expenditures. They said it would be a deficit budget as there was a big gap between the province’s income and expenditures. In the budget for 2018-19 the shortfall was Rs61.9bn in the PSDP of Rs88.2bn.
The Balochistan government has decided to invest in fishery, mine and mineral, tourism, industry and some other sectors which can generate revenues as it needs funds for development projects.
Source: Dawn
