QUETTA: The Balochistan provincial cabinet has approved a budget of Rs. 612 billion for the next financial year of the province. A budget meeting of the provincial cabinet chaired by Chief Minister Balochistan Mir Abdul Qudoos Bizenjo was held in which a budget of Rs 612 billion was approved for the fiscal year 2022-2023.
Balochistan’s budget for the next financial year has shown a deficit of Rs 72 billion. However, the budget proposes to keep Rs 191 billion for Public Sector Development Programme (PSDP) and a 15% increase in salaries and pensions of government employees.
This year’s budget of the province proposes to keep the minimum wage of workers at Rs. 25,000. Furthermore, the budget also proposes the establishment of a chief minister’s complaint management system and Rs 1 Billion are to be allocated for the laptop scheme in Turbat.
Most importantly, no new tax has been introduced in this year’s budget of Balochistan.
After approval from the Cabinet, the budget was presented to the Balochistan Provincial Assembly. The budget was presented by the Finance Minister Sardar Abdul Rahman Khetran. The total budget volume has been kept at Rs. 612 billion. According to the budget document, the total income is estimated at Rs 528.6 billion while the deficit is estimated at Rs 72.8 billion. The budget session began after a delay of more than three hours under the chairmanship of acting Speaker Babar Musa Khel.
According to the budget document, Balochistan will get Rs 370.33 billion from federal transfers, Rs 14.36 billion in foreign assistance and Rs 28.27 billion in federal development grants.