Balochistan Assembly unanimously approved Rs:152 billion provincial budget for 2010-11
The session presided by Speaker Balochistan Provincial Assembly, Muhammad Aslam Bhootani passed the provincial budget for 2010-11 unanimously here on Monday. 52 demands for grant were moved by the provincial Finance Minister Mir Asim Kurd. Concluding the budget debate, Finance Minister said it was a people friendly and the largest budget ever in the history of Balochistan. He further added that government has been trying to resolve the financial crisis and has succeeded in getting maximum financial resources for the development of Balochistan. Mr. Asim Kurd said the first Balochistan budget was presented in 1972 by the late Mir Ahmed Nawaz Bugti and it amounted to Rs:158 million and was a deficit budget. He said due to shortage of financial resources the previous governments could not cope with health, water, education, agriculture and other sector problems and consequently the province remained underdeveloped. He said the coalition government headed by Nawab Aslam Raisani had tried to get rid of the overdraft amounting to Rs:23.5 billion, out of which Rs:5 billion were paid off by the provincial government and remaining Rs:17.5 billion were wrote off by the federal government. He said the due share received from the 7th National Finance Commission Award, including gas development surcharge, arrears and royalty, had created a lot of opportunities to achieve progress and prosperity.