18 hours ago
- Business
- Business Recorder
Balochistan's Rs1trn budget to be presented tomorrow
QUETTA: The Balochistan government is scheduled to present its budget for the fiscal year 2025–26 on June 17, with sources indicating that the total outlay is expected to exceed Rs1,000 billion.
The sources revealed that similar to the current fiscal year, the upcoming budget will also be a surplus budget, reinforcing the province's strategy of maintaining fiscal discipline.
They said Balochistan is projected to receive Rs743 billion from federal revenues under the National Finance Commission (NFC) Award. This amount will come under two heads: divisible pool taxes and direct transfers from natural resources, including gas.
Compared to the current financial year, this represents an increase of Rs70 billion in federal revenue transfers to the province. Balochistan's own revenue from provincial taxes and non-tax sources is estimated to cross Rs150 billion, further strengthening the province's fiscal base.
On the expenditure side, non-development spending is likely to exceed Rs700 billion, while over Rs240 billion is expected to be earmarked for development expenditures from provincial resources.
Key priority sectors in the budget will include education, law and order, healthcare, and infrastructure, according to sources.
Education is likely to receive more than Rs160 billion, while the law and order sector is expected to get a total allocation exceeding Rs100 billion. The health sector is set to receive around Rs80 billion.
