The Planning Ministry has requested Rs. 1.14 trillion in development funds for the upcoming fiscal year, which is at least Rs. 200 billion more than the allocation for the current fiscal year, according to sources.
The Ministry of Finance has not yet set the upper limit for the new development budget.
For the upcoming financial year, various ministries and divisions have collectively requested over Rs. 2.9 trillion. However, sources indicated that not all proposals will be included in the final development budget.
Sources stated that the next federal budget for 2024-25 will prioritize the completion of ongoing projects. Funding will be allocated to priority projects based on their significance.
This approach aims to ensure that the most critical and effective projects receive the necessary funding