Balochistan presents Rs612.7bln deficit budget

QUETTA, June 21: The Balochistan government on Tuesday unveiled a deficit budget worth Rs612.7 billion with a deficit of Rs72.8 billion for the upcoming fiscal year of 2022-23. With the ink still not dry on the budgetary figures, which were approved at the penultimate moment before being presented in the house, the penned figures showed that the government expected receipts worth Rs528.6 billion this year. This includes federal transfers worth Rs370.33 billion, Rs48.37 in funds that the province generated, foreign funds for projects worth Rs14.36 billion, and Sui Gas lease extension bonus worth Rs40 billion, Capital Receipts – including State Trading receipts – worth Rs12.21 billion, federal grants worth Rs28.27 billion. The government also expects Rs11.40 billion in carry-over funds from the ongoing fiscal year. -NNI