ISLAMABAD, June 6: The Public Sector Development Programme (PSDP) for the 2005-06 fiscal unfolded by the Minister of State for Finance and Planning Omar Ayub Khan in the National Assembly on Monday is pitched at Rs272 billion, up by Rs70 billion against the current year’s Rs202 billion, showing an increase of 34.7 per cent.

The programme, already approved by the National Economic Council on May 27, is divided into federal PSDP and provincial PSDP with allocations of Rs204 billion and Rs68 billion, respectively.

While the federal PSDP is up Rs56 billion or 37.8 per cent higher than the current fiscal, the provincial development outlay is up Rs14 billion or 25.9 per cent higher than the outgoing financial year.

The share of federal ministries and divisions in the next PSDP is Rs136 billion showing an increase of 41.2 per cent against the current estimates.

In terms of percentage, the federal development programme gets 70.58 per cent of the total PSDP funding.

The federal corporations’ share in the next PSDP comes to Rs36 billion, indicating an increase of 15.3 per cent against the current year’s estimates.

For special development programmes Rs18 billion has been allocated in the PSDP which is higher by 101.3 per cent than the budget estimates of 2004-05.

The percentage of federal share in the PSDP comes to 70.58 per cent against 73.27 per cent in the current fiscal. Out of the federal outlay of Rs204 billion, in respect of expenses the foreign loan share has been estimated at Rs41.2 billion, whereas Rs34.02 billion has been provided outside the PSDP to take the total development outlay to Rs238.02 billion.

The social sector development allocations for the next fiscal have been fixed at Rs73.11 billion against Rs50.42 billion in the current year. An amount of Rs126.26 billion has been allocated for infrastructure development which was Rs72.69 billion in the current outlay.

The water and power development division which had received Rs21.14 billion in the current fiscal, has been allocated Rs43.62 billion in the next fiscal.

The development budget allocation for Wapda has been increased to Rs37.10 billion as against Rs14.21 billion in 2004-05. The Pakistan Atomic Energy Commission will get Rs5.73 billion against Rs4.4 billion in the current fiscal.

However, petroleum and natural resources allocations have been reduced to Rs459.7 million from Rs1 billion in the current fiscal. Similarly, the communication division has been provided Rs25.63bn against Rs17.72 billion in the outgoing financial year.

The higher education commission continues to get priority in allocations as its share has been put at Rs11.7 billion as against Rs9.1 billion in the current year.

Likewise, allocations for the interior division have been increased to Rs6.58 billion from Rs4.93 billion. Law and justice division got Rs4.77 billion against the previous Rs2.4 billion. The science and technology division received an allocation of Rs3 billion against Rs1.91 billion.

The Khushal Pakistan Programme, phase I and II, has been given Rs11.92 billion.

Allocation for the ports and shipping division, which got Rs4.70 billion in the current fiscal, has dropped to Rs3.74 billion, while the railways division allocations have been pitched at Rs9.84 billion against Rs9.42 billion in 2004-05.

There was, however, no mention of the actual utilization of the PSDP ending June 30.