NEC approves development outlay worth Rs2.1tr for FY2021-2022


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ISLAMABAD: Asad Umar, Minister for Planning and Development on Tuesday informed that National Economic Council (NEC) has approved the development outlay worth Rs2.1tr for FY2021-2022.

The federal minister was of the view that the approved development outlay marks an increase of 36.4pc as compared to the development budget of Rs1.527tr of the current fiscal year.

The minister further highlighted that out of the total development budget Rs900bn has been set aside for Public Sector Development Programme (PSDP) while Rs1.202tr has been suggested for provinces.

Highlighting the budgetary allocations, the minister told that the government has earmarked Rs244bn for laying road infrastructure of 3261km in the country.

The minister was also of the view that government will build large dams as per its commitment under National Water Policy.

 

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