NEC approves development budget for fiscal year 2017-2018: reports

E-Paper | July 28, 2026

The National Economic Council (NEC) on Friday approved the development budget for fiscal year 2017-2018, DawnNews reported.

The budget was approved after a session chaired by Prime Minister Nawaz Sharif, during which a briefing was given on the country's economic goals and the development budget for the upcoming fiscal year.

The council reportedly approved Rs2.113 trillion for the development budget, of which Rs1.001tn will be allocated to the federal government and the remaining to the provinces.The council also set the targeted growth rate for the next fiscal year at 6 per cent.

Further, of the sum allocated to the federal government, Rs135 billion will be dedicated to special development projects, it was reported.

The approved budget represents an increase of Rs438bn as compared to last year's development budget of Rs1.675tn.

"Everyone should unite for the country's development," the prime minister said during the session.

PM Sharif added that for the first time in the country's history, the development budget allocated to provinces had been increased three-fold.

He also called for a focus on coal, hydro, solar and wind projects that can fulfill the country's electricity requirements.

Break-up of the federal government's development budget:

Rs30bn allocated to Prime Minister's Global SDGs Achievement Programme
Rs40bn for Special Federal Development Programme
Rs7.5bn for ERRA
Rs12.5bn for the Energy for All program
Rs12.5bn for the Clean Drinking Water for All project
Rs5bn for completion of development projects under the China-Pakistan Economic Corridor
Rs90bn for IDPs and security
Rs4.34bn for the Aviation Division
Rs5bn for the Cabinet Division
Rs5.18bn for Capital Administration and Development Division
Rs810.5m for the Climate Change Division
Rs1.2bn for trade industry
Rs13.66bn for the Communications Division
Rs5.305bn, for the Defence Division
Rs4.46bn for the Defence Production Division
Rs270m for the Establishment Division
Rs2.96bn for the Federal Education and Professional Training Division
Rs18.93bn for the finance ministry; of which Rs200m will be allocated towards development projects
Rs35.66bn for the Higher Education Commission
Rs11bn for the Housing and Works Division
Rs300m for the Human Rights Division

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Pakistan

Tahir Sherani is an Islamabad-based reporter for Dawn News (TV) with 16 years of experience. His coverage focuses on the national economy, energy, cabinet affairs, the Establishment Division, and the Prime Minister’s Office.

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Friendfrommars

May 19, 2017 11:37pm

The key to development of a country is high government revenues and less non developmental expenditure. During past decades, non-developmental expenditure was focus of the government as compared to government revenue which resulted in larger budget deficit. Government expenditures requires comprehensive analysis of the tax revenues in the economy because tax revenues provide the larger pool than any other source of revenue for the government under the main heads of direct and indirect taxes. Budgetary policies are based on the calculation, estimation and forecasting of tax revenues in order to formulate the government expenses in mode which can be put on to achieve the stated targets. However, the roots of government expenditure plan are primarily linked to the expenditure-revenues nexus for the economy.

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M. Emad

May 20, 2017 01:11pm

Bangladesh 2017-18 national budget Taka 4.3tr (1 Bangladesh Taka = 1.3 Pakistan Rupee).

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