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Development budget of Rs. 800 billion is projected for FY23

The federal development budget under the Public Sector Development Programme (PSDP) has been set at Rs. 800 billion for the fiscal year 2022-23.

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Development budget
According to official documents, the federal development budget under the Public Sector Development Programme (PSDP) has been set at Rs. 800 billion for the fiscal year 2022-23.
The proposed Federal Public Sector Development Programme (PSDP) is Rs. 100 billion lower than the Rs. 900 billion budget declared for the previous fiscal year. However, it is Rs. 250 billion higher than the amended Rs. 550 billion budget.

The PSDP planned a total of Rs. 433 billion for infrastructure, which includes electricity (Rs. 84 billion); transportation as well as communication (Rs. 227 billion); water (Rs. 83 billion). And physical planning and housing (Rs. 83 billion), according to government papers (Rs. 39 billion).

Additionally, a total of Rs. 144 billion planned for social programs, including health as well as population (Rs. 23 billion); education (Rs. 45 billion) including the Higher Education Commission (HEC); SDGs Achievement Programme/Initiatives (Rs. 60 billion), and others (Rs. 16 billion).

Moreover, for special areas, a budget of Rs. 96 billion is planned (Azad Jammu & Kashmir and Gilgit-Baltistan). For the united districts of Khyber Pakhtunkhwa, the PSDP planned a budget of Rs 50 billion.

Furthermore, PSDP set Rs. 25 billion for research and information technology, Rs. 16 billion for governance. And Rs. 18 billion for production sectors such as food and agriculture (Rs. 13 billion) and Rs. 5 billion for industries.

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