Karachi June 15 2021: The total budget outlay of the Sindh Province for Fiscal Year 2021-22 is estimated to PKR1,477.90 billion denoting 19.1 percent growth over previous year budget estimates of PKR1,241.13 billion.
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Out of the total outlay, 73 percent or PKR1,089 billion of funds are allocated for current expenditure. PKR329 billion, which is about 22.3 percent of the budget are allocated for development purposes while remaining 4 percent or PKR59 is set aside for Capital Expenditures.
Sindh will receive PKR798.7 billion from Federal under Revenue Assignment which is 17.5 percent higher when compared to that of last year. Federal Government will transfer PKR62.3 billion and PKR5.4 billion under Straight Transfers and Development Grants to Government of Sindh. The other grants that Sindh Government is expecting to receive from Federal Government are of PKR21.5 billion donating an increase of 17.5 percent compared to last year.
Provincial Own Receipts
The Sales Tax on Services for next FY 2021-22 is estimated at PKR150.00 billion, reflecting 11.1 percent increase over CFY budget estimates of PKR135.00 billion. The WWF of PKR10.0 billion was part of SRB receipts in FY 2020-21, which is excluded in in FY 2021-22. The Provincial Tax Receipts for next FY 2021-22 is kept at Rs.154.94 billion, denoting 20.6 percent growth against last year’s budget of PKR128.52 billion. These include collections by Board of Revenue, and Excise and Taxation Department. The Non-Tax Receipt for next FY 2021-22 are estimated to be PKR24.38 billion against the budget estimates of PKR49.78 billion for CFY 2020-21 which represent a decrease of 51.1 percent against NFY. The Bahria Town receipts of PKR25 billion were part of Non-Tax receipts in FY 2020-21, which have been excluded in FY 2021-22.
Current Revenue Expenditure is estimated to grow by 12.4 percent from PKR968.99 billion to PKR1,089.37 billion in the next FY 2021-22. The increase is mainly due to Pro-poor Social Protection & Economics Sustainability Initiatives of PKR30.900 billion. Increase of budgetary allocation for Health Services by 29 percent to Rs.172.076 billion, due to essential health initiatives.
Allocation of PKR7.640 billion in Transport budget for financing and reflecting an increase of 1315 percent over the budget estimate of CFY (mainly purchasing of 250 diesel hybrid busses).
Women Development budget growing by 64.09 percent to PKR571.975 million for gender mainstreaming and gender equality. An allocation of PKR82.00 billion for Local Councils with 5 percent increase over the budget estimated of current FY for improving the civic amenities. An allocation of PKR1.840 billion for Rehabilitation budget with increase of 60.92 percent over CFY to carryout recuse and relief activities in the province. The Information Technology (IT) budget increased by 1261 percent to PKR1,922.346 million to adopt the modern practices in the IT field.