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Rs 1.3 trillion likely for development in budget 2014-15

ISLAMABAD: The government is likely to allocate Rs 1.3 trillion for development budget in the next budget 2014-15, ARY News reported Monday.

According to sources in the finance ministry, a sum of Rs 1.3 trillion has been allocated for the development budget for the year 2014-15.

It is believed that the aforementioned figure will be highest development budget in the country’s history.

Of the Rs 1.3 trillion of development budget, the federal government will get Rs 525 billion while Rs 785 billion will be distributed among provinces.

Under different allocations, Rs 260 billion will be earmarked for education and Rs 51 billion for health; while Rs 163 billion are likely to be allocated for transport and communication.

A sum of Rs 12.5 billion will be allocated for Millennium Development Goal.                                                                                                                                                                                                                                                                                                              

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