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Balochistan presents Over Rs 700bn Fiscal Budget with No Tax Increases

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Balochistan’s government unveiled its fiscal plan for the forthcoming year on Monday, laying out a budget that surpasses Rs 700 billion. This budget has a projected deficit of Rs 150 billion and, notably, introduces no new tax impositions.

Of the total budget, Rs 200 billion have been allocated towards developmental expenditure while Rs 500 billion are proposed for non-developmental expenditures. The financial plan prioritizes four key sectors: education, health, agriculture, and peace and security.

Budget allocations for these priority sectors are outlined as follows: Rs 90 billion for education, Rs 60 billion for health, and Rs 53 billion allocated towards peace and security. Additional provisions in the budget include Rs 1 billion dedicated to an endowment fund, Rs 5.8 billion for health cards, and the intention to create over 5,000 new positions across various departments.

Conforming to federal standards, the budget also includes a rise in salaries and pensions for government employees.

SourceTBP

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