"Sindh's budget receives a significant 34% increase, with a strong focus on development, according to Murad Ali Shah's announcement."
A significant allocation of Rs 1,912 billion has been earmarked for current revenue expenditure.
During a recent post-budget press conference, Sindh Chief Minister Murad Ali Shah revealed that the province's budget for the current fiscal year has surpassed the previous year by 34%, signaling a substantial increase in the development budget.
With the total budget for Sindh amounting to Rs 3,560 billion, the Sindh CM emphasized the commitment to achieving a challenging growth rate target. Notably, 31% of the budget is allocated for development projects, and the focus remains on completing ongoing initiatives rather than initiating new ones. Shah also underscored the importance of cooperation with the federal government to drive GDP growth, expressing concern over the suspension of development schemes by the caretaker government, leading to delays and cost escalations due to inflation.
A significant portion of the budget, Rs 1,912 billion, is earmarked for current revenue expenditure, including allocations for salaries and pensions. The CM anticipates Rs 1,900 billion from the federal government, alongside allocations for tax revenue, non-tax revenue, and foreign assistance projects.
Furthermore, the Sindh government has proposed salary increases for government employees, with the minimum wage set at Rs 37,000. Notably, employees in various grades will see pay hikes ranging from 22% to 30%.
Overall, the focus of the current budget lies in prioritizing the rehabilitation of flood victims and ensuring the progress of ongoing developmental endeavors. The Sindh government remains optimistic about driving growth and development within the province during the forthcoming year.