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The KMC has reserved funds for 700 development projects in the budget for the next fiscal year. These largely include projects of roads and infrastructure development, for which a total of Rs1697.7 million have been reserved.
For this purpose an allocation of Rs.25 million shall be provided in the health department budget for the next fiscal year. Initially, the facility shall be established on experimental basis.
Pakistan has planned to borrow almost $20 billion in shape of loans and grants from multilateral donors as well as foreign countries during the next fiscal year. The government has estimated foreign assistance of Rs3.032 trillion (around $20 billion) for 2019-20 as against revised Rs1.403 trillion.
An amount of Rs218bn will be spent during the next fiscal year on the improvement of water productivity through building water infrastructure including small water conservation projects.
On the other hand, the Punjab government is planning to increase the growth rate by 5.2 per cent in the next fiscal year. The government is likely to allocate Rs3 billion for South Punjab Secretariat.
On the other hand Punjab government is planning to increase growth rate by 5.2 % in next fiscal year. The government is likely to allocate 3 billion for South Punjab secretariat.
The government has also set an ambitious current account deficit target at 3percent of the total national output or $8.2 billion for the next fiscal year, starting July 1.
The group formulates eight-year plans, but the next fiscal year is always broken down in depth.
He added that the various economic bodies include about 450,000 citizens costing the draft state budget for next fiscal year about EGP 20bn in bonuses, excluding basic salaries.
The ADB loans for next fiscal year are estimated at $1.1 billion, the IDB loans at $1.5 billion and the World Bank at $2.02 billion.
The federal government of Pakistan has unveiled a Rs1.03tn Public Sector Development Programme (PSDP) for the next fiscal year with 62% proposed to be spent on infrastructure including allocations for projects under the China-Pakistan Economic Corridor (CPEC).
As the sessions of the National Assembly and the Senate have been summoned, the federal budget for the next fiscal year will be presented on Friday.