Sindh Governor assents to Budget for FY 2024-25
- By Web Desk -
- Jun 30, 2024
KARACHI: Sindh Governor Kamran Khan Tessori on Sunday gave assent to the Rs3.056 trillion budget for the next fiscal year 2024-25.
The process of approving the budget has completed with the signature of the Sindh Governor, with Finance Bill 2024-25 to be effective from tomorrow.
It is pertinent to mention here that the Sindh Assembly had approved the Budget 2024-25 and Finance Bill a few days ago, rejecting all cut-motions moved by the opposition members belonging to the Muttahida Qaumi Movement-Pakistan and Jamaat-i-Islami.
The opposition members had moved 1,197 cut-motions — a refusal against a specific allocations and demands in the budget proposal, terming them unnecessary and burden on the public exchequer — seeking reductions in the allocations to Chief Minister Secretariat.
However, all of them were opposed by the chief minister, who had laid the budget 2024-25 before the assembly.
The provincial budget for the next financial year totals Rs3.056tr, with over Rs900bn allocated for development projects.
Read More: CM Murad Ali Shah unveils Rs2.24 trillion Sindh budget
It includes Rs1.96tr in current revenue, Rs184bn in current capital, Rs42bn for debt repayment, and Rs142.5bn for government investments.