Sindh presents Rs3056 billion budget for FY2024-25 —Sindh CM presents budget, proposing hike of up to 30% in salaries, 15pc in pension

Syed Murad Ali Shah, the chief minister of Sindh, unveiled a Rs3.056 trillion budget on Friday for the upcoming fiscal year 2024–2025. The budget includes a proposal for a significant 30% rise in government employee compensation.
The budget also contains a far larger development expense of Rs959 billion, or 31% of the total outlay, in addition to the salary increase.

The “balanced” budget primarily focuses on providing social security for the impoverished and helping those affected by flooding. Sixty-two percent of the province’s estimated total revenue comes from federal transfers, with the remaining twenty two percent coming from provincial collections.

The remaining revenue comes from current capital receipts of Rs. 22 billion, foreign project assistance of Rs. 334 billion, other federal grants in the amount of Rs. 77 billion from the Public Sector Development Programme (PSDP), foreign grants of Rs. 6 billion, and a carryover cash balance of Rs. 55 billion, according to the provincial government’s budgetary document.
The Rs662 billion in provincial collections are made up of Rs350 billion in sales tax on services, Rs269 billion in tax (excluding GST), and Rs42.9 billion in non-tax revenue from the province.
The distribution of these monies is deliberate; 63%, or Rs1.9 trillion, is given to current revenue, 6%, or Rs184 billion, to current capital, and 31%, or Rs959 billion, is set aside for development expenses.