The total allocations for federal and provincial Public Sector Development Programme (PSDP) in Pakistan’s budget 2022-2023, which was presented in the National Assembly on Friday, have gone down significantly from last year’s budget. Notably, Pakistan’s Finance Minister Miftah Ismail presented the budget for the fiscal year 2022-23 (FY23) in the National Assembly on Friday.
Under this budget, federal PSDP makes up Rs 727 billion, which has gone down 19.2 per cent from last year’s budgeted amount of Rs 900 billion. Moreover, the Provincial PSDP for FY23 has been allocated at Rs 1,432 billion, a decrease of 16 per cent from last year’s budget of Rs 1,235 bn, reported Dawn. The passing of the budget this time in NA was less controversial as there was no opposition present in the House since former Prime Minister Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) members had tendered their resignations.