Balochistan budget

Published June 21, 2019

BALOCHISTAN isn’t known for budgeting or investing its financial resources responsibly. However, its budget of Rs419.9bn for the next fiscal year reflects a desire to move things in the direction of better management. But will the government succeed in putting its house in order, and quickly? Not many are convinced. The inflated development spending target of Rs108bn (net of provincial share from the federal uplift budget) despite a gap of Rs47.7bn between total income and expenditure means many schemes will not see the light of day. Others will find their allocations slashed significantly to balance the budget, increasing the massive development throw-forward of Rs288.9bn. A large number of schemes may not be completed. This year, the government had to cut the original development estimates from Rs88.2bn to Rs42bn to cover the Rs62bn deficit. The bloated allocations for development are reflective of the peculiar political environment of the province where successive governments sacrificed fiscal discipline to keep their coalition partners happy.

Still, the government has somehow diverted a small chunk of money for initiatives to help the poor. For example, it has proposed an endowment fund for the destitute, made allocations for providing relief to survivors of natural disasters, and financially helping victims of terrorism. It also plans to build highway trauma and emergency centres, initiate an Apna Ghar housing scheme, launch a green tractor programme for farmers, invest in solar power for areas where people still live without electricity, give scholarships to thousands of students, and encourage girls’ education. Additionally, it promises to spend a significant amount on the social sector including education, health and clean water — basic public services that many of those living in the sparsely populated province have never had access to. These steps need to be appreciated. But unless the ruling coalition takes a firm decision to enforce fiscal discipline, it will not succeed in plugging the leakages or putting an end to the waste of financial resources.

Published in Dawn, June 21st, 2019

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...