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Wednesday 1st February 2023 / 10 Rejab 1444

Sindh to present annual budget for FY 2021-22 today

Sindh government is expected to present a no-tax budget

Sindh government is expected to present a no-tax budget

KARACHI: The Sindh government will present its budget for the fiscal year 2021-22 with an outlay of over Rs 1.3 trillion in the provincial assembly today on Tuesday.

The Provincial Assembly of Sindh’s budget-2021-22 session has been summoned to meet at 3PM. Chief Minister Sindh Syed Murad Ali Shah, who also holds the portfolio of Finance Minister, will present the budget statement for the year 2021-22 and the supplementary budget statement for the year 2020-21.

The Sindh government is expected to present a no-tax budget in the provincial legislature In the annual budget Rs 222 billion allocation has been earmarked for the development programmes.

The government has proposed a 25 percent raise in salaries of the government employees up to Grade 15 and pensions. The minimum wage for the labourers is expected to be set at Rs25,000.

The provincial government is also expected a special development package for Karachi in the new budget, with an allocation of Rs24 billion for launching ten new megaprojects. The budget papers propose 55 percent allocation of total development budget for education, health, and law and order.

Chief Minister Murad Ali Shah said that the provincial budget would be expenditure-oriented with an increase in development spending as Rs300 billion was being allocated.

He said that health, education and social protection will be in the primary focus in the budget. He added that districts would get increased allocation for their development portfolios and local council budgets were also increased.

The chief minister said public private partnership (PPP) projects would be mainstay of development due to resource constraints. He added that projects like Malir Expressway, Dhabeji Special Economic Zone, urban roads project in Karachi, Hub Canal and treatment plants will get special focus in the next fiscal year.

He also said that the minimum wages in the province would be increased more than that of the federal government’s announcement in its budget. He said salaries of provincial government employees would be increased by 25 percent.

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