National Economic Council approves overall national PSDP at Rs1.175 trillion

KARACHI: For the year 2014-15 National Economic Council (NEC) has approved an overall size of Public Sector Development Programme (PSDP) at Rs 1,175 billion, which is higher by 1.7% when compared to budget estimates of 2013-14. Total National PSDP for 2014-15 is 4% of GDP.
The size of national PSDP has been raised to Rs 1,175 billion in the budget for 2014-15 showing an increase of 44.2% as against the revised estimates 2013-14. Federal PSDP for the year 2014-15 has been kept at Rs 525 billion, which is higher by 23.5% than revised estimates 2013-14.
The share of Federal Ministries / Divisions in 2014-15 PSDP is Rs 296 billion indicating an increase of 4% over revised estimates 2013-14.
The Corporations’ PSDP 2014-15 has been placed at Rs 175 billion indicating an increase of 6.4% over revised estimates 2013-14. An amount of Rs 12.5 billion has been allocated in the budget 2014-15 to Pak Millennium Development Goals and Community Development Programme.
An amount of Rs 36 billion has been provided in the budget 2014-15 for Federal Development Programme / Projects for Provinces and Special Areas. Earthquake Rehabilitation and Reconstruction Authority (ERRA) has been allocated Rs 5 billion in PSDP 2014-15.
The provincial development programme for 2014-15 has been estimated at Rs 650 billion as against Rs 390 billion in revised estimates 2013-14, showing an increase of 66.7%.
According to the details of Rs525 billion federal PSDP Rs296.324 billion have been earmarked for federal ministries and divisions including Rs1.402 billion for Aviation Division, Rs2.078 billion for Cabinet Division, Rs1.806 billion for Capital Administration and development Division, Rs25 million for climate Change Division, Rs363 million for Commerce Division, Rs191 million for Communications Divisions, Rs2.261 billion for Defence Division, Rs937 million for Defence Production Division, Rs5.0 million for Economic Affairs Division, Rs3.451 billion for Education/Training & Standards in Higher Education Division, Rs165 million for Establishment Division, Rs13 million for Federal Tax Ombudsman, Rs11.062 billion for Finance division, Rs255 million for Foreign Affairs division, Rs20.069 billion for higher Education commission, Rs1.934 billion for Housing & Works Division, Rs1.148 billion for Industries & Production Division, Rs424 million for Information/Broadcasting & National Heritage Division, Rs556 million for IT & Telecom division, Rs413 million for Inter-provincial Coordination Division, Rs3.9 billion for Interior Division, Rs21.357 billion for Kashmir Affairs & Gilgit-Baltistan Division, Rs2.352 billion for Law/Justice & Human Rights Division, Rs324 million for Narcotics Control Division, Rs1.071 billion for National Food Security and Research Division, Rs27.015 billion for National Health Services/Regulations & Coordination Division, Rs51.475 billion for Pakistan atomic energy Commission, Rs230 million for Pakistan Nuclear Regulatory Authority, Rs167 million for Petroleum & Natural Resources Division, Rs32.878 billion for Planning/Development & Reforms Division, Rs2.576 billion for Ports & Shipping Division, Rs39.566 billion for Railways Division, Rs153 million for Revenue Division, Rs904 million for Science & Technological Research Division, Rs19.1 billion for States & Frontier Regions Division, Rs240 million for Statistics Division, Rs700 million for SUPARCO, Rs329.3 million for Textile Industry Division and Rs43.427 billion for Water & Power Division.
As far as PSDP allocation for corporations is concerned, Rs63.613 billion have been earmarked for WAPDA and Rs111.563 have been earmarked for National Highway Authority (NHA). Government has allocated Rs12.5 billion for Pak MDGs & Community Development Programme, Rs36 billion for Federal Development Programme/Projects for provinces and special areas and Rs5.0 billion for ERRA.

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