Sindh budget 2015-16: Likely to have Rs7.22 trillion outlay

sindh budget 2015-16: Likely to have Rs7.22 trillion outlay

KARACHI: The Sindh budget for 2015-16 scheduled to be presented in the provincial assembly by Finance Minister Syed Murad Ali Shah on Saturday is likely to have an outlay of Rs7.22 trillion against the previous year’s over Rs6.86 trillion, according to sources in the finance department.

They said it would be a deficit budget with a non-development folio of Rs508 billion, the deficit being at Rs16 billion. A sum of Rs205 billion is said to have been allocated under the head of development expenditure.

Also read: Punjab Assembly presented budget with outlay of Rs1.4tr

The provincial receipts are estimated to be a little over Rs132 billion compared to Rs125.06 billion expected last year.

Government employees are likely to get 10 per cent pay raise while the minimum monthly salary and pension may be fixed at Rs13,000.

With a 10-15 per cent increase, the allocation for education sector has been tipped to go up to Rs133-Rs144 billion while the health sector is expected to get an allocation of Rs53 billion for the next fiscal.

The major chunk of Rs106 billion in the education budget has reportedly been earmarked under the non-development head with Rs2.503 billion being spared for education secretariat and Rs2 billion for unforeseen expenditure for sindh budget 2015-16.

According to sources, the allocation for the Sindh Education Foundation has been increased from Rs2 billion to Rs3.29 billion, Rs10 billion has been earmarked for education development schemes, and Rs2 billion for 71 new development schemes and Rs8 billion for the completion of 124 ongoing schemes. For the Sindh Technical & Vocational Training Authority, the allocation has been increased from Rs2 billion to Rs3.25 billion while a sum of Rs2 billion has been earmarked for free books.

The finance minister is likely to suggest recruitment of 43,000 headmasters in grade-17 through the Sindh Public Service Commission and an allocation of Rs1.75 billion for school management committees.

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