Sindh CM proposes a “tax free” budget FY 2022-23

KARACHI – The Sindh Chief Minister Syed Murad Ali Shah on Tuesday presented a Rs1.7 trillion “tax-free” budget for the next fiscal year 2022-23.

The CM while sharing the details of the budget said that the total receipts of the provincial government for the next financial year would clock in at Rs1.67 trillion against the expenditures of Rs1.71 trillion which shows a deficit of Rs33.84 billion.

Sindh CM further elaborated that Sindh Government increased 125.22% in the Minorities affairs budgest, 177.6% in Human Rights budget,  41.48% in Energy Sector.

While an increase of 65.04% has been made in Women Development budget and Rs. 100 million are allocated for the upgradation of primary schools to elementary schools with allied facillities. 

He said that the revenue receipts would include Rs1.055 billion federal transfers, Rs374.5 billion provincial receipts (Rs167.5 billion provincial tax receipts excluding GST on services, Rs180 billion provincial sales tax on services and Rs27 billion provincial non-tax receipts).

While, Rs51.1 billion current capital receipts, Rs105.5 billion other transfers such as foreign project assistance, federal grants and foreign grants and Rs20 billion carry over cash balance and public accounts of the province.

He added that the provincial tax collecting organisations would achieve their collection targets such as Sindh Revenue Board (SRB) Rs180 billion, Excise and Taxation Rs1.20 billion and Board of Revenue Rs30 billion.