Financial crisis: Minfa allocations under PSDP reduced to Rs 12 billion

11 May, 2010

Federal Minister for Food and Agriculture Nazar Muhammad Gondal on Monday said that the allocation of funds under PSDP for Ministry of Food And Agriculture (Minfa) for the year 2009-10 was Rs 17961.980 million, which were reduced to Rs 12,000 million by the Planning & Development Division in consultation with Finance Division, owing to the financial crisis being faced by the country.
In a written reply to a question in the National Assembly, the Minister said that the recurring expenditure of the Ministry for the current financial year 2009-10 has not been decreased by the Government.
He said as there is no cut in non-development budget 2009-10, therefore, there would be no adverse effects. However, for the development budget, Ministry of Food & Agriculture in consultation with Planning & Development Division prioritised major development projects of national interest for which the reduction in funds will be less, he said. Health Minister Makhdoom Shahab-ud-Din also informed the House that the PSDP 2009-10 of Health Division has been reduced form Rs 23.156 billion to Rs 18.5 billion.

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