The Sindh government has finalised preparations for announcement of annual provincial budget which is estimated at Rs600billion with a development outlay of Rs200billion.

The chief minister will present the budget in Sindh Assembly on June 17 (Monday). 

Qaim Ali Shah on Wednesday chaired a meeting of the Finance and Planning Department to finalise the annual development programme (ADP) of the province for the next fiscal year 2013-14.

The meeting discussed the estimated transfer of funds from the federal government under the NFC divisible pool, straight transfers under royalty on crude oil and natural gas and other heads.

The overall budget outlay would be over Rs600billion and would include federal transfers, provincial receipts under tax collection by board of revenue, excise department and agriculture department, as well as GST on services under Sindh Revenue Board.

It is expected the Sindh government would not impose new taxes on the masses, but may launch new tax under infrastructure cess on the goods being transported to Afghanistan under Pak-Afghan transit trade. The income to be collected under infrastructure cess from goods being transported to Afghanistan under Pak-Afghan transit trade would be used on maintenance of roads in the province.

The Sindh government meanwhile decided to allocate about Rs195billion ADP for uplift schemes in the province, besides development programmes to be initiated with funding from the federal government.

The big chunk of about Rs45billion of the provincial budget is likely to be earmarked under the head of law and order for police and Rangers. However, funds for Thar coal projects and wind power schemes would also be reserved in the provincial budget.