Finance Bill 2024 :

[ghazi52]

 

[silicon0000]

مقبوضہ پاکستان کے بجٹ کی کہانی
مال غنیمت لوٹنے والوں کی زبانی​

 

[ghazi52]

Details

Free solar to 100-unit consumers

The minister said a Rs9.5 billion Chief Minister Roshan Gharana Programme would provide relief to people in the province affected by exorbitant power bills. In the first phase, he said, the provincial Pakistan Muslim League - Nawaz (PML-N) led government was providing free solar systems to those who consume up to 100 electricity units. The government would also pay the installation charges, he added.

Post-budget presser: govt wants to enhance tax-to-GDP ratio to 13% in 3 years, says Aurangzeb

Apni Chat Apna Ghar Scheme

Punjab finance minister said Rs10 billion was allocated for Apni Chat Apna Ghar Scheme to help families have their own house.

Kissan Dost Package

The minister announced that the provincial government was introducing a Kissan Dost Package that he claimed was “the biggest in the country’s history”. The package includes interest-free loans of Rs75 billion in total to 500,000 farmers in the province.

Source: Punjab’s finance ministry


Agri tube-well solarisation

In his speech, Mujtaba Shuja-ur-Rehman said the provincial government would spend Rs9 billion on solarisation of 7,000 tube-wells in the province.

Green Tractor Programme

The minister said Rs30 billion had been allocated for Chief Minister Green Tractor Programme through which farmers in the province would be able to get interest-free loans with easy installments to buy tractors.

 

[ghazi52]

Source: Punjab’s finance ministry


District SDGs Programme

The minister announced that Rs80 billion would be spent on Chief Minister District Sustainable Development Goals (SDGs) Programme to see development needs on district levels.

• Rs1.25 billion for model agricultural malls across the province
• Rs2 billion for livestock cards in Punjab
• Rs8 billion for Aquaculture Shrimp Farming Programme
• Rs5 billion for model fish markets in cities
• Rs2.50 billion for Undergraduate Scholarship Programme
• Rs2.97 billion for CM Skilled Programme

 

[ghazi52]

Roads construction and repair

He continued that Rs296 billion had been allocated to construct and repair roads of up to 2,380km across the province.

Planning and Development Board will spend Rs530 billion to complete 3,870 “dead schemes” in the province: Mujtaba Shuja-ur-Rehman

Development of Garment City

The minister said Rs3 billion had been allocated to develop a Garment City in Punjab to promote the textile industry and boost foreign exchange.

Khelta Punjab scheme

He said the provincial government would spend Rs7 billion on Khelta Punjab scheme to promote sports across the province. He also revealed that Rs6.50 billion would separately be spent on a “big project” to promote sports activities in the province.

Laptop Scheme

The minister said the government was resuming the CM Punjab Laptop Scheme with an allocation of Rs10 billion to encourage the province’s youth learn IT skills.

• Rs0.67 billion for Autism school in Lahore
• Rs1 billion for Children care programmes
• Rs1 billion for day care centres for working women in Punjab
• Rs2 billion for Himmat Card Programme for disable persons
• Rs1 billion for Skilled Development Programme for transgenders
• Rs2.50 billion for Minority Development Fund
• Rs0.34 billion for Maryam Ki Dastak programme.

 

[Sainthood 2.0]

Maryam ki dastak, Laptop scheme, Apna ghar program are just a waste of states resources

 

[Forsvaret]

Maryam ki dastak, Laptop scheme, Apna ghar program are just a waste of states resources

Well, you need those schemes to keep Patwaris like @FOOLS_NIGHTMARE @Tameem @Pakistan Space Agency alive

 

[Tameem]

Well, you need those schemes to keep Patwaris like @FOOLS_NIGHTMARE @Tameem @Pakistan Space Agency alive

And imrando zombies to die very early

 

[ghazi52]

 

[Sainthood 2.0]

Sindh unveils Rs3.056 trillion budget

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presented a robust Rs3.056 trillion budget for the fiscal year 2024-25 on Friday, underscoring a significant increase in development expenditure and p

profit.pakistantoday.com.pk

 

[ghazi52]

Budget 2024-25: Power, defence and election expenses overshoot allocations​

Thirty-eight govt depts "overspent" a total of Rs454.1bn; three dozen divisions reported combined "savings" of Rs446bn.

 

[ghazi52]

ISLAMABAD: At least 38 government departments exceeded the amounts allocated to them during the fiscal year 2023-24, receiving additional funds through supplementary and technical grants, details of current expenditure released by the Finance Division for the outgoing fiscal year show.

Apart from debt servicing (both local and foreign), the Power Division was the biggest spender, utilising Rs769.7 billion against an allocation of around Rs450.5bn. Consequently, it needed an additional sum of around Rs319.1bn to meet its expenses during FY2023-24.

The same was the case with the defence sector. Under the Defence Services head, the government had allocated Rs1.8tr, but expenditure ballooned to Rs1.835tr, posting an increase of Rs31.5bn due to overspending in almost all heads, such as “operating expenses”, “physical assets” and “civil works”.

Meanwhile, the Defence Division required an injection of Rs20bn under the head of ‘transfers’ against its allocated budget of Rs6bn.

 

[ghazi52]

Spending on Elections was a massive expense as well, given that FY24 was an election year. But against an allocation of Rs7.7bn, overall expenditure listed under this head was over Rs39bn, mainly due to the Feb 8 general elections and subsequent by-polls.

38 govt departments ‘overspent’ a total of Rs454.1bn; three dozen divisions reported combined ‘savings’ of Rs446bn

On the other hand, the Planning, Development, and Special Initiatives required Rs13.9bn more than its yearly allocation of Rs8bn for the outgoing financial year. The increase was attributed to a rise in spending under the head of “grants, subsidies, and write-off loans”.

The IT and Telecom Division also remained among big spenders, requiring Rs10bn more to meet expenses largely attributed to ‘grants, subsidies, and write-off loans’ head, from the government to meet its expenses against the allocation of Rs9bn.

In all, the total amount overspent by government departments amounted to around Rs454.1bn. This was just under the figure of Rs446bn, which is the total sum ‘saved’ by around three dozen departments and divisions, meaning that overall, the government overshot its expenses by around Rs8bn.

This means that these departments did not fully utilise the funds allotted to them, for any number of reasons. For example, the finance ministry saved Rs441bn under the “subsidies and miscellaneous expenditure” head.

Money saved this way is usually diverted to another needy head or ministry, which is facing a paucity of funds, through technical supplementary grants approved by the ECC or the cabinet, which are eventually okayed by parliament as supplementary demands for grants.

 

[ghazi52]

 

[ghazi52]