Wastage of funds makes budgets meaningless: Pakistan Economy Watch

Islamabad, June 17, 2015 (PPI-OT): The Pakistan Economy Watch (PEW) on Wednesday said misuse of public funds for personal ambition by the rulers has left federal and provincial budgets pointless. The federal and provincial governments continue to exceed limits of non-developmental expenditures to impose hefty cuts on the developmental budgets keeping masses underdeveloped, said Dr. Murtaza Mughal, President PEW.

Talking to Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt, he said useless mega projects should not be preferred on welfare projects in a poor country like Pakistan. He said that last year Punjab allocated Rs345 billion for development but spent only Rs290 billion while remaining Rs55 billion were used for other objectives.

Allocation for public order was down from Rs1 billion and 171 million to Rs 966 million while Rs151 million less spent on environmental protection. Education got almost Rs 45 billion in the last budget but around 23.5 billion were actually spent.

Dr. Murtaza Mughal said that agriculture development were allocated Rs7 billion and 960 million but the spending stood at Rs 1 billion and 762 million while a department broke all records by spending around Rs18 billion in excess of allocation.

The Punjab’s CM secretariat spent 120 million rupees in place of Rs68 million while Rs 27 million was additionally spend under the head of entertainment and gifts in Punjab CM’s secretariat. It is amazing that Rs 400 million were allocated for special education and Rs 50 million were assign to non-formal basic education but these sectors have been totally neglected in the new budget.

For more information, contact:
Jahangir Akhtar
Secretary General
Islamabad Chamber of Small Traders and Small Industry
Office No, 9 Block E, Super Market, Islamabad
Cell: 0344-5111174

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