KARACHI: The Provincial Assembly of Sindh has passed on Friday Annual Budget for the Financial Year 2021-22 ending on 30th June, 2022.

The total outlay of expenditure of the province is Rs1,477.904 billion for next financial year 2021-22 which is 19 percent higher than the budget 2020-21. This includes Rs1,089.372 billion for current revenue expenditure, 12 percent higher than the budget 2020-21, including pro-poor social protection and economic sustainability package of Rs30.9 billion; Rs59.498 billion for current capital expenditure with an increase of 51 percent of current financial year budget and Rs329.033 billion for development expenditure for financial year 2021-22 which is 41 percent higher than the budget 2020-21.

The development expenditure includes Rs222.500 billion (44 percent higher than FY 2020-21) for provincial ADP, Rs30.0 billion (100 percent higher than financial year 2020-21) for district ADP, Rs71.164 billion for foreign project assistance and Rs5.369 billion for other federal grants.

The Provincial Assembly of Sindh has also passed supplementary budget of Rs95.345 billion for the financial year 2020-21. The total receipts of the province have been estimated at Rs1,452.168 billion. This includes Rs869.680 billion from federal transfers, Rs329.318 billion from provincial receipts, Rs50.100 billion from current capital receipts and Rs86.068 billion from other Receipts.

Overall, there is a deficit of Rs25.735 billion in the budget 2021-22, which is to be met as per resource envelope and as per revised estimated during the year.