Budgetary allocation for PAEC curtailed by 29 percent.
ISLAMABAD , June 05, 2010 (Balochistan Times): Budget allocation for Pakistan Atomic Energy Commission (PAEC) has been curtailed by 29
percent for the next financial year 2010-11, says budget documents for
the fiscal year 2010-11. As per the documents, only Rs 15 billion will
be provided to PAEC in the next budget The budget allocation for
ministry of information and broadcasting has been proposed to be reduced
by 11 percent and Rs 2.9 billion have been earmarked for this ministry.
Police budget is being increased by 41 percent in the wake of law and
order situation and Rs 48 billion will be provided to police in the next
fiscal year. Budget for social security has been cut short by 66 percent
and only Rs 1.5 billion are being earmarked in this connection. Rs 5.2
billion have been earmarked for education ministry, Rs 15.8 billion for
higher education and Rs 18.8 billion have been allocated for health
sector. The overall budget expenditure is estimated at Rs 2764 billion
for the next fiscal year. The available resources are estimated to be
2598 billion while fiscal deficit target has been set at 4 percent. The
current expenses are estimated at Rs 1998 billion. Government will make
collection of Rs 2598 billion against overall taxes which are higher by
20 percent as compared to the current year collection. Tax revenue
target has been set at Rs 1778 rupees and non tax revenue at Rs 632
billion. Defence budget has been increased by 29 percent and Rs 442.17
have been earmarked for defence which are higher by Rs 100 billion as
compared to current year.
(THROUGH ASIA PULSE)