International

After austerity drive, Pakistan’s Imran Khan government set to cut development fund

Prime News, International (Islamabad), September 8:- Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government has decided to cut funds meant for developmental works in the country approximately by Rs 250 billion. According to a report in Pakistan-based Dawn News, the saving will be used to increase the budget allocation for purposes such as water sector projects and deficit financing.

While the previous budget allocation for developmental works stood at Rs 1,030 billion, the government is now working to reduce it to Rs 775 billion. The Dawn News report said that the Planning Commission has released Rs 35 billion for development projects. Notably, the panel had, for the same period last year, released Rs 135 billion.

The priority of the government at this point is water sector projects, with most of the saving expected to be used for the purpose. The Imran Khan government reportedly feels that the budget allocated for the same at present is not sufficient. (MR, Inputs: Agencies).

Leave a Reply

comments

Tags

Related Articles

error: