Government releases entire PSDP allocation of Rs87 billion SDG in four months | Pro IQRA News

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ISLAMABAD-The government has released the entire PSDP allocation of Rs 87 billion of Sustainable Development Goals (SDGs) to the parliamentarians for the first four months of the current fiscal year 2022-23.

Of the total PSDP allocation of Rs 727 billion in the first four months (July-October), Rs 241,262 billion has been released/disbursed, while expenditure is only Rs 98,782 billion (13pc) of the total allocation, official summary of PSDP 2022-23 releases said.

According to the finance department’s release strategy for the development budget 2022-23, the planning ministry will release 20 percent of development budget funds in the first quarter, 25 percent in the second quarter, 30 percent in the third quarter and 20 percent in the 4th quarter.

According to the book PSDP 2022-23, the allocation for SDGs was Rs68b, which was later increased to Rs 87b. The SDGs allocation was enhanced so that all Pakistan Democratic Movement (PDM) 174 members of the National Assembly should receive Rs 500 million for development projects. The amount will be used for the implementation of small projects related to sewerage, street maintenance, gas, water and electricity projects under Sustainable Development Goals (SDG).

Some of the Ministries/Departments have utilized less than 1 percent of the allocations in the first four months of the current financial year.

Climate Change Division has spent Rs 34.70 million or 0.4 percent of the allocated amount of Rs 9.5 billion in PSDP 2022-2023. The Planning Commission has released Rs 1.9 billion in the first four months. Likewise, the Finance Division has spent Rs 14.59 crore or 0.84 per cent of the allocated amount of Rs 1.66 billion. The Planning Commission has released/disbursed Rs 286.46 million to the Finance Department.

The National Health Services, Regulations & Coordination Division has incurred an expenditure of Rs 161.47 crore.

The Board of Investment has incurred an expenditure of Rs 18.94 crore (2.34 per cent) out of the allocation of Rs 807.50 crore. The total amount released/disbursed to BOI is Rs.494.97 million. Even the provincial and special areas have used Rs 12,708b which is 9.12pc of the total allocation of Rs 140,635b. The Higher Education Commission used Rs 2.532 billion, which is 5.83 percent of the allocation of Rs 44.718 billion.

The utilization of National Heritage & Culture Division was Rs 3.44 crore which is 1.74 percent of the allocation of Rs 200 crore. Railways Division’s utilization is Rs 3,224b which is 9.87pc of the allocation of Rs32,648b.

The water resources department has incurred an expenditure of Rs 18.809 billion, which is 19.27 percent of the allocation of Rs 97.559 billion. The total amount disbursed to the Water Resource Division is Rs 21,405 billion.

The expenditure on Science & Technological Research Division is Rs 431.47 million, which is just 7.54 percent of the allocation of Rs 5.716 billion.

The Planning, Development & Special Initiatives Division has spent Rs 721.03 million, which is just 5 percent of the allocated amount of Rs 14.282 billion.

Interior Division has incurred an expenditure of Rs 400.04 million, which is 4.94 percent of the allocation of Rs 8,093 b. The total released disbursement to Interior Division is Rs 1,611 b. Aviation Division’s expenditure is just Rs 360.48 crore, which is 14.5 per cent of the allocation of Rs 2484.87 crore.

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