Balochistan

Balochistan to present budget for FY 2016-17 today

balochistan

QUETTA: Balochistan government will unveil its budget with for Fiscal Year 2016-17 during the provincial assembly session on Sunday (today), ARY News reported.

The total volume of the provincial budget is expected to be over Rs. 270 billion with fiscal deficit of Rs. 25 billion.

According to the figures received by ARY News, no new tax have been introduced in the budget whereas Rs. 183 billion are likely to be earmarked for non-development expenses.

Rs. 60 billion are likely to be allocated for development expenses whereas the government is likely to receive Rs. 206.843 billion from the federal government whereas the revenues of the province is likely to be Rs. 8 billion.

The province will get Rs. 10 billion under surcharges of gas development.

It is expected that earnings made through federal and the provincial government could pitch at Rs 252.39 billion whereas the salaries and pensions of government employees can be increased upto 10 percent.

More than 3,000 job opportunities are likely to be created as well, sources said.

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