30.5 C
Islamabad

Budget 2022-23 – Rs 808 bn locates for Public Sector Development Program

Published:

Under the Public Sector Development Program (PSDP) Rs 808 billion has been proposed by finance minister Miftah Ismail. The breakdown of the PSDP fund has been given in brief:

Infrastructure budget to amount Rs 395 billion

Energy sector budget to amount Rs 73 billion

Water Resources budget is Rs 183 billion

Transport and Telecommunication is allocated with Rs 202 billion

Social Sector development budget is Rs 110 billion

Health budget is Rs 24 billion

Education/Young Development Program amount to Rs. 51 billion

Environment Protection/Climate Change budget is around Rs 10 billion

Science and Technology, IT export reserves amount Rs 17 billion

Agriculture and Food Security is Rs 11 billion

Industry and Special Economic Zones budget is Rs 5 billion

A major part of budget outlay has been dedicated to debt servicing and defense which make a significant figure of around 58% of total budget.

Source: Federal Budget 2022-23

Related articles

spot_img

Recent articles

spot_img