Sindh CM to Present Rs3,500 Billion Budget for 2026-27 Today

Date:

Karachi, Pakistan – Web Desk: Sindh Chief Minister Syed Murad Ali Shah will present the provincial budget for the fiscal year 2026-27 today (Wednesday) at 2:00 PM during a session of the Sindh Assembly.

The budget proposals will be formally approved during a cabinet meeting scheduled prior to the assembly session.

According to budget documents, the provincial government has proposed a massive Rs3,500 billion budget for the next fiscal year. The non-development (current) expenditure is proposed at Rs2,560 billion, reflecting a significant increase of Rs418 billion compared to the current year’s allocation of Rs2,142 billion .

Major Cuts in Development Spending

In a significant shift, the development budget is set to face substantial reductions. The government has proposed excluding new development schemes for the upcoming fiscal year.

A total of 3,642 ongoing development schemes at both provincial and district levels have been allocated Rs400 billion . The overall development budget is proposed to be reduced from Rs1,018 billion to Rs720 billion , a cut of nearly Rs300 billion .

Provincial development spending is proposed to decrease from Rs520 billion to Rs385 billion . The district development budget faces a sharp reduction of Rs40 billion, with only Rs15 billion allocated for district-level schemes compared to Rs55 billion in the current fiscal year .

The federal government is expected to provide Rs64 billion in development grants, while funding from international financial institutions for development projects is estimated at Rs256 billion .

The budget presentation comes at a critical time as the provincial government faces fiscal constraints amid broader economic challenges, including IMF conditionalities that have impacted provincial spending patterns .

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Iran Signs Deal to Buy 20 Helicopters from Russia

Moscow, Russia – Web Desk: Iran has signed a...

German World Cup Camp Alerted After Venomous Snake Sighting

Winston-Salem, United States – Web Desk: A venomous snake...

Pakistan Facilitates Return of 30 Iranian Nationals

Islamabad, Pakistan – Web Desk: Pakistan is facilitating the...

China Announces Humanitarian Aid for Iran and Lebanon

Beijing, China – Web Desk: China has announced humanitarian...