Govt shortens money allocation for education this year

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LAHORE: 

The budget allocated for education this year was less than what it was allocated in the first year of Pakistan Muslim League-Nawaz’s (PML-N’s) government, a budgetary allocation analysis by Daily Aftab revealed.

The yearly allocation for education has slipped to a mere 17.51% in the fiscal year 2017-18, compared to the 19.22% in the fiscal year 2013-14. The decline in the allocation in terms of percentage has been happening since the past 2 years.

In the second year of Nawaz’s government, the yearly allocated was increased to 20.23%. In the fiscal year 2015-16, a total of 21.43% was allocated for education; the highest in the PML-N’s current term. However in the subsequent 2 years, the allocation has been decreasing.

In the fiscal year 2016-17, the Punjab government allocated 18.6% of the total budget to education, a significant decrease from the previous year. In the budget of FY 2017-18, the provincial government allocated 17.51%, another decrease from the previous year. In comparison, the allocation for 2017-18 was 1.71% less than that of the year 2013-14.

Grants for development in education also fluctuated throughout the term, but saw a decrease in FY 2017-18. In the year 2013-14, a total of 17.45% was allocated for development. The year 2014-15 saw a decrease and received 16.61%. In 2015-16, the percentage decreased to 16.3%. However, the year 2016-17 saw a significant increase and development was allocated 22.02%.

In the final year of the five-year term of the government, the development budget has been allocated 21.68%, a decrease of less than percent from the previous year.

Punjab 2017-18 budget worth Rs 1.96 trillion presented, Govt  terms the budget “Development focused”, Opposition criticizes

Punjab Finance Minister Dr Ayesha Ghous Pasha on Friday presented the province’s budget for the fiscal year 2017-18, with an outlay of Rs1.971 trillion.

The minister, presenting the budget speech with Punjab Assembly Speaker Rana Muhammad Iqbal Khan in the chair, said the  provisions Rs635bn for development programmes, adding that the development expenditure was unprecedented in the country’s history.

Punjab’s fiscal 2017-18 development expense is 15 per cent larger than the ongoing fiscal year, the finance minister said.

Earlier, the provincial cabinet had approved the budget in a meeting presided over by Punjab Chief Minister Shahbaz Sharif.

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