Sindh receipts: fiscal year 2015 revised estimates show 8.2 percent shortfall

Revised estimates for total receipts of Sindh for the current Financial Year 2014-15 (FY15) have been set at Rs 617 billion, against the budget estimates of Rs 672 billion, showing a decrease of 8.2 percent. According to Sindh Government''''s revised budget estimates for FY15, receipts from the federal government on account of revenue assignment, straight transfers and grants stood at Rs 423 billion, which constituted 68.6 percent of total receipts of the province. Federal receipts witnessed decrease of 10.7 percent over budget estimates of Rs 474 billion of FY15.
The revised estimates of straight transfers have reduced substantially by 28 percent to Rs 60 billion from the budget estimates of Rs 83 billion. Receipts of Federal Public Sector Development Program (PSDP) are revised to Rs 17 billion; whereas foreign Program Assistance (FPA) is revised to Rs 10 billion.
With 2.4 percent increase, receipts from provincial own sources on account of tax and non-tax receipts are revised to Rs 128 billion over budget estimates of Rs 125 billion for the current fiscal year. The receipts during this fiscal year are constituted 20.7 percent of total receipts. The total expenditure for FY15 is revised at Rs 631 billion, against the budget estimates of Rs 686 billion, showing a decrease of 8 percent. The current expenditure of the province is revised at Rs 476 billion, which includes current revenue expenditure of Rs 454.5 billion and current capital expenditure of Rs 21.5 billion. This shows an increase of 1 percent over the budget estimates of Rs 471 billion for this fiscal year. The development expenditure of the province is revised at Rs 155 billion, which includes provincial ADP of Rs 126.5 billion, FPA of Rs 9.5 billion and federal PSDP of Rs 18.5 billion. It shows a decrease of 28 percent as compared to budget estimates of Rs 215 billion for FY15.