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News 03 comment the budget: And the fifth one at that!
arif nizami says: Incumbents and contenders: Who will come out on in the electoral game?
white lies: Nawaz Sharif had a press photo-op recently, playing cricket. He really loves the game and was really good at it too. Could have even gone pro. One wonders if the world would have been a better place if he had.
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adp enviSageS 4.3% gdp gRowtH ISLAMABAD app
The Annual Development Plan prepared by the government for the next fiscal year envisages 4.3% GDP growth rate with contributions from agriculture, manufacturing and services of 4.1%, 4.4% and 4.6%, respectively. The ADP released on Friday has forecast investment to improve from 12.5% of the GDP to 13.1% with fixed investment to increase to 11.5% from present 10.9% while national savings are expected to rise to 11.2% in next fiscal from previous 10.8%. The government will expedite ongoing restructuring work to make an impact on budget 2012-13 and un-targeted subsidies will be phased out on fast track. The size of national outlay is Rs 873 billion (3.7% of GDP) higher by 19.6% than the budget allocation of Rs 873 billion of last year. Out of national development outlay, federal program is Rs 360 billion inclusive of eRRA. The provincial program is Rs 513 billion. In the federal PSDP, highest allocation is provided to energy sector (Rs 184 billion), followed by roads (Rs 59 billion) and water (Rs 48 billion). The government will release more resources for the private sector by lowering its financial needs. The SBP Amendment Act of 2012 and a fiscal adjustment to lower fiscal deficit will help to limit financing needs of the government. The target of CPI inflation is set at 9.5% for 2012-13 against expected inflation of 11% for 2011-12. The government’s efforts for fiscal stringency, rational monetary policy and vigilance on supply constraints are some of the underlying assumptions for this inflation forecast. Under the sectoral programs, an amount of Rs 15 billion has been allocated in PSDP for the projects of higher education with focusing on new projects like Benazir Bhutto Med-
ical University Larkana, Abdul Wali Khan University Peshawar, University of Gujrat, National Textile University Faisalabad, University at Swat, National defence University Islamabad, Pakistan Institute of Fashion and Design Lahore and Peoples University of Medical and Health Sciences for Women Nawabshah (Shaheed Benazirabad). Moreover an amount of Rs 2.9 million has been allocated for the projects of Ministry of Science and Technology while funds worth Rs 2.9 billion have been allocated to five projects of Ministry of Professional and Technical Training. An allocation of Rs 409 million for 2012-13 has been made for various research organizations attached to Ministry of National Food Security and Research while an amount of Rs two billion has been allocated to manufacturing sector including Rs 806 million, Rs one billion and Rs 145 million for the Ministries of Industries, Production and Textile respectively. Apart from ongoing projects of geological and geophysical mapping exercise, focus would be on putting in use the vast coal reserves in the country for gasification and power production. The ADP envisages to enhancing the present 23,718 MW power production capacity to 24,822 MW by the end of June next year. An allocation of Rs 192 billion has been made for the energy sector for 2012-13 against the expected utilization of Rs 147 billion. Furthermore, Rs 38.2 billion has been earmarked for irrigation projects like small, medium and check dams with Rs three billion for lining of canals while an amount of Rs 150 million has been allocated for capacity building of environment and climate related institutions. Pro-poor budgetary expenditures are expected to increase to Rs 1615 billion; 8% of GDP; allocation of Rs 4.4 billion has been made in federal PSDP for expansion and development of basic and college education in provinces, Rs 14.3 billion have been allocated for preventive and curative programs in the health sector.
Rs 22,877m allocated for Railways ISLAMABAD app
Rs 1,087.825m for justice, Rs 112.175 for SC islamabad: The government has allocated a total of Rs 1,087.825 million under Access to Justice Programme in the Public Sector Development Programme (PSDP), and Rs 112.175 million for projects in the Supreme Court in the annual budget for 2012-13. According to details, Rs 200 million have been allocated for the provincial programme under Access to Justice Programme Islamabad, while Rs 827.825 million have been reserved for the federal programme under Access to Justice Programme Islamabad. Rs 60 million have been allocated for technical assistance to the Access to Justice Programme. Overall, Rs 26.374 million have been allocated for
furnishing the Supreme Court building, and Rs 85.801 million for the construction of Supreme Court of Pakistan, Islamabad. rs 126m for Human rigHTs diVision: An amount of Rs 126 million has been allocated for 13 schemes of Human Rights Division Projects in the Public Sector Development Programme (PSDP) for the fiscal year 2012-13. According to the budgetary documents released on Friday, of the total allocation Rs 30 million have been allocated for the construction of Working Women Hostels in Sector G-6/2 and G-7/3 of Islamabad and Rs 8 million each for the establishment of Women Centre Lahore and Women Centre Dera Ghazi Khan. online
The government has allocated Rs 22,877 million for 37 development projects of the Pakistan Railways in the Public Sector Development Programme (PSDP) 2012-13. According to budgetary documents released on Friday, Rs 2,000 million have been allocated for procurement/manufacture of 50 De locomotives, Rs 5,739 for procurement/manufacture of 202 new design passenger carriage (revised) (China), Rs 2,500 million for replacement of old and obsolete signal gear from Lodhran Khanewal-Shahdara Bagh mainline section, Rs 1,000 million for rehabilitation of 27 diesel electric locomotives, Rs 1,000 million for special repair of 150 locomotives, Rs 1,041 million for the replacement of metal sleepers and track renewal on Lodhran-Shahdara section, and Rs 8,000 million for replacement of three brake down/rescue cranes and procurement of five sets of relief train equipment. rs 325m allocaTed for porTs and sHipping:
education and health get Rs 55.6 billion g
public order and Safety gets Rs 70 billion allocation ISLAMABAD kaSHif abbaSi
The Federal Government has proposed an amount of Rs 47.8 billion in the budget for fiscal year 2012-13 for education affairs and services. For fiscal year 2012-13, an amount of Rs 4670 million has been proposed for Pre-Primary and Primary education Affairs Service and an amount of Rs 5,699 million has been earmarked for Secondary education
Affairs and Services. According to the budget document, Rs 35,675 million has been allocated for Tertiary education Affairs and Services, Rs 53 million for Social Welfare and Special education Division and an amount of Rs 135 million has been allocated for Subsidiary Services to education. In addition to this, an amount of Rs 963 million has been fixed for administration and Rs 679 million has been earmarked for education Services. HealTH affairs and serVices: An amount of Rs 7.8 billion has been proposed in
budget estimates 2012-13 for Health Affairs and Services. According to budget documents, Rs 132 million has been allocated for Medical Products Appliance and equipment, Rs 6609 million has been allocated for Hospital Services and Rs 259 million has been fixed for Health Administration. public order and safeTy affairs: Under the head of Public Order and Safety Affairs, an amount of Rs 70,1157 million has been provided in the budget 2012-13 as compared with Rs 59,609 million
The government has earmarked Rs 325 million for the Ports and Shipping Division in the Public Sector Development Programme (PSDP) 2012-13. According to budgetary document released on Friday, Rs 200 million have been allocated for the construction of eastaby expressway to link Gwadar Port with the national road network and Rs 125 million allocated for stock assistant survey programme in eeZ of Pakistan through charting of fisheries research vessel and capacity building of marine fisheries department.
in the previous budget. In 2012-13 proposed budget a major chunk of Rs 64,794 million from public order and safety affairs has been earmarked for Police. Whereas, Rs 2,915 million has been allocated for Law Courts, Rs 123 million has been earmarked for Fire Protection and Rs 27 million has been allocated for Prison Administration and Operation. In addition to this, in Public Order and Safety Affairs, Rs 25 million has been fixed for R&D Public and Safety and Rs 2,273 million has been allocated for Administration of Public Order. social proTecTion: According to budget documents, Rs 1,340 million has been allocated for Social Protection. This amount is higher by Rs 176 million than the last year budget; however, it is lower than the revised estimates 2011-12 budget. For social protection Rs 982 million has been allocated for administration and Rs 358 million has been allocated for others projects.