Sindh Government Presents Rs2.2 Trillion Budget for 2023-24

Focus on Development and Social Welfare Initiatives

The Sindh government recently unveiled its budget for the financial year 2023-24, amounting to Rs2.2 trillion. The budget aims to drive development and address the needs of the people, particularly those affected by the devastating floods in the region. With a deficit of Rs37.79 billion, the government has allocated Rs700.1 billion for various development projects and social protection programs, demonstrating its commitment to uplifting the province.

Allocation for Development Projects and Social Protection

The budget places great emphasis on development projects, prioritizing the rehabilitation of flood-affected individuals and the provision of social protection to the underprivileged. Recognizing the magnitude of the challenges faced by the flood victims, the government has allocated a significant amount of Rs700.1 billion for development initiatives. These projects will focus on sectors such as education, health, irrigation, local bodies, public health, engineering, and mega projects in Karachi.

Boosting Education and Healthcare

The Sindh government aims to improve the education and healthcare sectors by allocating substantial funds. The budget sets aside Rs34.6 billion for education schemes, ensuring a 13.1% increase in the school education budget, reaching Rs267.6 billion. Additionally, the health budget will grow by 10.1%, amounting to Rs227.8 billion. These investments reflect the government’s commitment to providing quality education and healthcare services to the people of Sindh.

Revenue and Expenditure

The budget estimates total revenue receipts of Rs2,209.785 billion, representing a significant increase of 31.56% compared to the previous fiscal year. However, estimated expenditures amount to Rs2,247.581 billion, resulting in a deficit of Rs37.796 billion. The government plans to manage this deficit through efficient financial management and resource allocation.

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Salary Increase for Government Employees

Chief Minister Murad Ali Shah, also serving as the finance minister, announced salary increases for government employees. Basic salaries of employees in Grade-1 to Grade-15 will see a 35% increase, while those in Grade-17 and above will receive a 30% raise. Pension payments will also be increased by 17.5%. These measures aim to improve the livelihoods of government employees and promote economic stability.

Development Projects and Environmental Initiatives

The budget introduces several development projects, including infrastructure connectivity in Karachi, construction projects, and the establishment of university campuses. Furthermore, the government highlights its efforts to restore flood-affected areas by securing grants and investments from international partners, such as Chinese grants for school rehabilitation. Additionally, initiatives to expand mangrove forests will not only contribute to the environment but also generate carbon credits, estimated at $200-220 million over the next two decades.

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