Following are the highlights of the provincial budget for 2010-11, presented by Sindh Chief Minister Syed Qaim Ali Shah in Sindh Assembly here on Friday.
• Rs 422 billion budget envisaged Rs 397 billion revenue and an estimated deficit of Rs 25 billion.
• Estimated revenue receipts from divisible pool under the new NFC Award is 207.3 billion.
• Current expenditure is Rs 268.3 billion.
• The Provincial ADP has been set at record Rs 115 billion against the current year’s allocation of Rs 75 billion, showing an increase of 53 percent.
• Stamp Duty on Conveyance Deed reduced from 3% to 2% and registration fee reduced from 1 % to 0.5% to expand the net and facilitate greater documentation.
• Capital value tax (CVT) has been reduced from 4 % to 2 % for residential and 2.5 % for commercial immoveable property.
• The exemption limit of annual value for assessment of
Property Tax in respect of properties owned by widows, minor orphans, permanently disabled persons has been enhanced from the existing limit of Rs 24,000 to Rs. 48,000.
• The shares of Local Governments have been worked out to be
Rs 120.8 bln (including Rs 33.2 billion of District Support Grant) on the basis of 2007 NFC Award and it reflects an increase of 20% over budget 2009-10.
• 50 percent Adhoc Relief of basic pay in the pay of government employees, 100% increase in the medical allowance of employees in grade 1 to 15, and 15% of initial basic pay as medical allowance for employees in BS- 16 to 22, in line with the Federal Government’s announcement.
• Time Scale to the teachers along with qualification allowance.
• Rs 60 billion for education.
• Rs 29.6 billion for police.
• Rs 16.9 billion for health.
• Rs 13 billion for roads.
• Rs 10 billion for coal and energy development.
• Rs 10.5 billion for irrigation and drainage.
• Rs 3.7 billion for drinking water and sanitation.
• Rs 16 billion for Karachi development.
• Rs 3.8 billion for Hyderabad development.
• Rs 871 million for Lyari development.
• Industrial estates to be set up near gas fields and hydel projects.
• Rs 200 million for jail reforms.
• Estimated revenue receipts from divisible pool under the new NFC Award is 207.3 billion.
• Current expenditure is Rs 268.3 billion.
• The Provincial ADP has been set at record Rs 115 billion against the current year’s allocation of Rs 75 billion, showing an increase of 53 percent.
• Stamp Duty on Conveyance Deed reduced from 3% to 2% and registration fee reduced from 1 % to 0.5% to expand the net and facilitate greater documentation.
• Capital value tax (CVT) has been reduced from 4 % to 2 % for residential and 2.5 % for commercial immoveable property.
• The exemption limit of annual value for assessment of
Property Tax in respect of properties owned by widows, minor orphans, permanently disabled persons has been enhanced from the existing limit of Rs 24,000 to Rs. 48,000.
• The shares of Local Governments have been worked out to be
Rs 120.8 bln (including Rs 33.2 billion of District Support Grant) on the basis of 2007 NFC Award and it reflects an increase of 20% over budget 2009-10.
• 50 percent Adhoc Relief of basic pay in the pay of government employees, 100% increase in the medical allowance of employees in grade 1 to 15, and 15% of initial basic pay as medical allowance for employees in BS- 16 to 22, in line with the Federal Government’s announcement.
• Time Scale to the teachers along with qualification allowance.
• Rs 60 billion for education.
• Rs 29.6 billion for police.
• Rs 16.9 billion for health.
• Rs 13 billion for roads.
• Rs 10 billion for coal and energy development.
• Rs 10.5 billion for irrigation and drainage.
• Rs 3.7 billion for drinking water and sanitation.
• Rs 16 billion for Karachi development.
• Rs 3.8 billion for Hyderabad development.
• Rs 871 million for Lyari development.
• Industrial estates to be set up near gas fields and hydel projects.
• Rs 200 million for jail reforms.
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