Karachi, 15June: Sindh govt has planned to save Rs 40 billion through austerity measures that included minimizing non-development expenditure in the budget for the next fiscal year 2021-22.
As per details that have emerged after approval of the budget from the provincial cabinet, the government has proposed minimizing non-development expenditure by 34 percent.
No vehicles would be purchased during the next fiscal year while a balance would also be ensured in provincial spending through financial governance under the plan to adopt austerity measures.
However, the development budget will be given a priority in the Sindh budget 2021-22 with an increase of 48 percent planned in the provincial ADP.
Earlier in the day, the Sindh cabinet approved the provincial budget for the fiscal year 2021-22 with an overall outlay of Rs1.47 trillion.
Chief Minister Syed Murad Ali Shah presided over a special meeting of the provincial cabinet to discuss and approve the budget 2021-22, which he will unveil in the Sindh Assembly session later today.
The provincial government’s spokesperson Murtaza Wahab tweeted that the cabinet approved an increase of 20% in salaries of government employees and set the minimum monthly wage at Rs25,000.
He said no new tax is being introduced for the next fiscal year by the provincial government.
With a total outlay of over Rs1.4 trillion, Rs222 billion allocation has been earmarked for the provincial development programme in the annual budget, according to government sources.
The provincial government will announce a special development package for Karachi in the new budget, with an allocation of Rs24 billion for launching 10 new mega projects for the metropolis.