Govt prioritizes 17 pro-poor sectors to curb poverty

Government of PakistanGovt prioritizes 17 pro-poor sectors to curb poverty

ISLAMABAD, Pakistan: The government has prioritized 17 pro-poor sectors through Medium Term Expenditure Framework (MTEF) which provides a link between policy priorities and related budget allocations.

The expenditure on pro-poor sectors in 2011 was at 9.7 percent of gross domestic product (GDP), in 2012-13, these were 8.6 percent of GDP and in 2013-14 7.7 percent of GDP and during 2014-15, total expenditures for the sectors were increased to Rs 2,162.7 billion which was 7.9 percent of GDP.

Official sources on Friday said during first three quarters of current fiscal year 2015-16, Rs. 1,123 billion have been spent.

The sources said poverty reduction programmes are financed through both current and development expenditures.

Most of the projects related to social sectors are implemented by the provinces while federal government is allocating large budget to projects related to development of infrastructure and quality improvement of social sector.

Mati
Mati
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