ISLAMABAD: The National Economic Council (NEC) meets here on Monday (today) to approve about Rs 2.135 trillion worth of next year’s consolidated development budget (FY2021-22) of the federal and provincial governments.
Prime Minister Imran Khan will preside over the meeting of the NEC whose members include four provincial chief ministers and as many federal and provincial ministers.
The meeting will also set next fiscal year’s GDP growth rate target at 4.8pc against current year’s revised rate of 3.94pc.
The federal Public Sector Development Programme (PSDP) for FY2021-22 already recommended by the Annual Plan Coordination Committee (APCC) for NEC’s approval stands at Rs900bn. The PSDP for FY2021-22 also included Rs101bn foreign funding in the shape of loans and grants.
On the other hand, the four provinces have conveyed their cumulated next year’s annual development plans (ADPs) at Rs1.235tr. The provincial ADPs of Rs1.235tr includes foreign exchange component of about Rs192bn.
As such, the overall national development portfolio for the next fiscal year is estimated at Rs2.135tr, including a total foreign exchange component of Rs193bn.
