Regional

Rs1.47tr tax-free, deficit Sindh budget presented

KARACHI: The Sindh chief minister on Tuesday complained over hold up of funding by the federal government that has created a financial crunch in the province while presenting a Rs1.47 trillion provincial budget for the fiscal year 2021-22 with an estimated 19 percent growth in revenue collection. “We are facing a shortfall on account of federal transfers. During 11 months of this financial year against budgeted receipts of Rs696.9 billion, we have only received Rs623.6 billion,” Sindh Chief Minister Murad Ali Shah said. “Based on these figures, we will be facing a shortfall of Rs83.8 billion.”

 

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