sindh set to present rs700 bn budget on june 12

KARACHI: Sindh will present Rs700 billion budget for fiscal year 2015-16 on June 12, according to sources at provincial finance department.The sources told Geo News that Rs160 billion would be allocated for provincial development program in the upcoming budget, showing a decline of 10 percent compared to the previous fiscal.Out of the development budget, 80 percent will be earmarked for the ongoing schemes while 20 percent will be allocated for the new ones.The budget would set aside Rs65 billion for law and order whereas 10,000 new inductions will be made in the police department.Any raise in the salaries and perks of government employees will be in line with the federal budget’s announcement.The provincial government will earmark Rs2.5 billion for K-IV water supply project and Rs2 billion for water sewerage project S-III.The development budget will envisage an allocation of Rs3 billion for Orange Line Bus Service.