QUETTA: The Balochistan government plans to spend Rs321.1 billion on development during the next fiscal year, including Rs73.3bn in federally funded projects.

Balochistan Finance Minister Mir Shoaib Nosherwani, while presenting the next financial year’s budget in the provincial assembly, said that 2,404 new and 3,976 ongoing development schemes will be included in the budget for fiscal year 2024-25.

He said the total development budget of the province is Rs219.561 billion, which will be spent on new and ongoing development schemes. He added that foreign project assistance is expected to be Rs28.2bn.

Mr Nosherwani said the communication sector has been given top priority in the budget and an amount of Rs50.228bn has been allocated for it. In the 2023-24 ADP, Rs59.758bn was allocated for the communication sector.

For the irrigation sector, which is the second highest priority in the next year’s ADP, Rs28.60bn has been allocated, while school education-related development schemes have also been included in the priority list and this sector will have an allocation of Rs26.424bn in the next financial year.

He said that more funds have been allocated for the health sector which have been increased by 45 per cent.

Published in Dawn, June 22nd, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Resolution 901
Updated 01 Jul, 2024

Resolution 901

Our lawmakers’ failure to stand united in the face of foreign criticism may not have been unexpected but it was still disturbing to witness.
Nebulous definition
01 Jul, 2024

Nebulous definition

IS it a ‘vision’, a loose programme, or an actual kinetic ‘operation’? A week on, we don’t precisely know....
Stealing heritage
01 Jul, 2024

Stealing heritage

CONTRADICTIONS define Pakistan. While the country’s repository of antiquities can change its fortunes, recurrent...
Burdening the people
Updated 30 Jun, 2024

Burdening the people

The tax-heavy budget will make lives of avg Pakistanis even harder and falls far short of inspiring confidence in govt's ability to execute structural changes.
WikiLeaks’ legacy
30 Jun, 2024

WikiLeaks’ legacy

THE recent release from captivity of WikiLeaks’ founder Julian Assange has presented an opportunity to revisit the...
Iranian run-off
30 Jun, 2024

Iranian run-off

FRIDAY’S snap presidential election in Iran, called after the shock deaths of Ebrahim Raisi and members of his...