Abb Takk News

Rs2100bn Reserved For Development in Upcoming Budget: Umar

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Asad Umar on Tuesday said that the government has decided to increase the national development budget by 36.4%  in the upcoming budget.

“The national development budget for the next financial year has been set at Rs2,102 billion, which is 36.4% higher than the current financial year.”

He said that all regions of the country should have equal opportunities for development, adding that the PTI-led government has made sure to allocate the upcoming budget to the provinces in line with that vision.

The minister, during a press conference in Islamabad, provided details of the upcoming budget and said that despite having limited resources, the government has worked towards increasing the allocation of funds to different sectors. 

The federal development budget will be Rs 900billion, he said, adding that the government will give priority to water projects in the next financial year as well.

“Development budgets for energy, water, social development and science and technology are being increased, while major road projects, including the Sukkur-Hyderabad Motorway, will be made in the next financial year, Umar said.

Providing further details, the minister said that the Sukkur-Hyderabad Motorway project is worth Rs200 billion and added that other projects, worth Rs530 billion, will be approved by the public-private authority.