Rs1.895 trillion transferred to provinces under NFC Award
“The federal government transferred Rs1.895 trillion to provinces under the NFC Award, with three provinces recording surpluses and Balochistan facing a deficit.…”
IISLAMABAD —The federal government transferred a total of Rs1.895 trillion to the four provinces under the National Finance Commission (NFC) Award during the first quarter (July-September) of the current fiscal year.
During the period, Punjab, Sindh and Khyber Pakhtunkhwa recorded budget surpluses, while Balochistan faced a budget deficit. of Finance, Punjab received Rs942 billion under the NFC Award during the first quarter. The province's total revenue stood at Rs1.117 trillion, while its expenditures were recorded at Rs784 billion.
As a result, Punjab posted a budget surplus of Rs333 billion between July and September. The documents showed that Sindh received Rs479 billion under the NFC Award. The province recorded total revenue of Rs690 billion and expenditures of Rs509 billion, resulting in a budget surplus of Rs180 billion during the first quarter.
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Similarly, Khyber Pakhtunkhwa received Rs314 billion under the NFC Award. The province's total revenue stood at Rs413 billion, while expenditures amounted to Rs311 billion. Consequently, Khyber Pakhtunkhwa recorded a budget surplus of Rs102 billion from July to September. documents, Balochistan received Rs158 billion under the NFC Award during the first quarter.
The province's total revenue stood at Rs175 billion, while expenditures were recorded at Rs191 billion. As a result, Balochistan faced a budget deficit of Rs16 billion during the first quarter., Punjab, Sindh and Khyber Pakhtunkhwa collectively recorded budget surpluses during the first quarter, while Balochistan remained in a budget deficit.
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