ISLAMABAD: As the government insists on increasing development spending despite the risk of Pakistan defaulting, the Ministry of Planning has requested an increase in the annual development budget instead of a cut.On the one hand, the dangers of Pakistan’s bankruptcy are hovering over the head, on the other hand, the Ministry of Planning has contacted the Prime Minister’s Office for open expenses in the context of the proposed general elections, in the annual public sector development program worth 727 billion rupees. An increase has been requested. According to the documents, in the development expenditure of 119 billion rupees made during the current financial year, more share was given to projects of political nature. In the summary sent by the Ministry of Planning to the Prime Minister’s Office, it has been requested that the Finance Division not make any cuts in the ‘PSDP’ worth 727 billion rupees during the current financial year and increase its amount reasonably. Be instructed to do. Last month, the Ministry of Finance told the IMF that the PSDP budget of Rs 727 billion approved by the National Assembly for the current fiscal year will be reduced by Rs 258 billion. Its value will be 469 billion rupees. According to sources, the Ministry of Planning now wants to add at least Rs 87 billion to the total cost of PSDP of Rs 727 billion, which is the amount given to parliamentarians for their development schemes. This recommendation of the Ministry of Planning is not compatible with the current financial situation of the country and also with the demands of the international financial institutions, which are constantly urging the government to cut the development budget so that funds are available for other necessary expenditures. maybe
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