News
Tuesday, June 12, 2012
Balochistan presents Rs 179 billion budgetQUETTA: The PPP-led coalition government in Balochistan presented its fifth and last budget to the tune of Rs 179.931 billion, including the development outlay of Rs 35.819 billion and foreign assistance of Rs 2.612 billion, in the provincial assembly session on Monday. Balochistan Finance Minister Mir Asim Kurd Gaillu presented the budget in the assembly with Speaker Muhammad Aslam Bhootani in the chair. The total receipts for the next year’s budget have been estimated at Rs 179.931 billion, including Rs 149.144 billion of revenue receipts and Rs 30.787 billion for capital receipts. The total revenue receipts are Rs 149.144 billion, including Rs 114.206 billion from divisible pool, Rs 12.785 billion from straight transfer and Rs 4.075 billion from services on general sales tax. Balochistan will receive Rs 12 billion during the next fiscal year under the head of arrears of gas revenues. These include Rs 2 billion as arrears on wellhead price on gas and Rs 10 billion as Gas Development Surcharge (GDS). However, the province’s own resources (receipts) have been estimated at Rs 5.207 billion as compared to last year’s Rs 4.851 billion.
Courtesy www.dailytimes.com.pk