Total PSDP at Rs2,113 billion; Rs404b earmarked for energy
May 26, 2017
ISLAMABAD: The Public Sector Development Programme (PSDP) for fiscal year 2017-18 has a total outlay of Rs2,113 billion, including federal and provincial allocations.
Judging from the allocations made in the document, obtained exclusively by Geo News, it can be deduced fairly that the government's first priority is development of infrastructure and then energy production.
The documents revealed that of the total PSDP allocation, Rs1,001 billion has been earmarked for federal development projects and Rs1,112 for provinces' development.
The document also revealed that Rs404 billion have been earmarked for energy-related projects and Rs411 billion is the budget for the communication sector.
An amount of Rs1,401 billion will be utilised for debt servicing.
Moreover, Rs230 billion have been set aside as total subsidy, of which Rs130 billion will be utilised as electricity subsidy.
A total amount of Rs162 billion will be received in the form of foreign assistance for all the development projects.
Moreover, it was revealed that the PM’s Youth Programme will be given Rs20 billion, gas infrastructure development Rs25 billion, clean drinking water schemes Rs12.5 billion and infrastructure development Rs67 billion.
Breaking down the allocations, the ongoing schemes of the National Highway Authority will receive Rs305 billion while Rs14.7 billion has been allocated for new development schemes.
The Pakistan Railways will receive Rs33.54 billion for its ongoing schemes and Rs9.36 billion for new schemes.
Moreover, Rs16 billion will be allocated to the National Disaster Management Authority.
According to the PSDP, Rs1 billion have been allocated for the New Gwadar International Airport, of which Rs900 million will come from foreign assistance. The project was approved by the Executive Committee of the National Economic Council (ECNEC) on Jan 12, 2015 at a total cost of Rs22.247 billion. Up till June 30 this year, the funds utilised for the project are stated to be Rs1.023 billion.
