خیبر پختونخوا ایک کھرب کہاں سے پورے کرے گی

[Syed Haider Imam]

خیبر پختونخوا حکومت کا مالی بحران

ا بھی حال میں ہی خیبر پختونخوا کا بجٹ پاس ہوا تھا ، آمدن اور اخراجات کے حوالے سے اسے متوازن بجٹ قرار دیا گیا تھا

حکومت مخالف پارٹی اے ن پی نے بھی بجٹ پر اعتراض اٹھایا تھا مگر نقار خانے میں طوطی کی آواز کس نے سنی ہے

آج کی خبر میں ن ف سی ایوارڈ کے تحت خیبر پختونخوا مرکز سے ٣.٠٥ کھرب ملنے کی توقع تھی مگر ٢٨١ ارب پر بات ٹلی ھے


اگر ٦٨ ارب پن بجلی کا نہ ملے تو تو شارٹ فال ١ کھرب کا ہو سکتا ہے


اسطرح خیبر پختونخوا ا اپنا کوئی بھی میگا منصوبے شروع کرنے کا سوچ بھی نہیں سکتی

لگتا ہے خیبر پختونخوا ایک بہت بڑے مالی بحران میں گھر سکتی ھے

اس خبر میں کوئی مرچ مسالا نہیں ، اسلے سب ٹھنڈ پروگرام رکھیں اور پھر یہ تعینا سنے کے لئے تیار ہو جائیں

عمران خان نے خیبر پختونخوا میں کیا کر لیا ہے؟

تو تحریک انصاف اپنے وزیر خزانہ سے استعفیٰ کب لے رہی ھے جس نے یہ بجٹ بنایا تھا ؟

 

[Syed Haider Imam]

Is bubble of fiscal sustainability of KP about to burst?

PESHAWAR: Has Khyber Pakhtunkhwa run its course of financial sustainability? Is the bubble about to burst? On the face of it, this may seem unlikely but dig deeper into the budget for 2015-2016 and it stares you right in the face.

KP’s finance department is a remarkable place where officials have been deftly and routinely churning out cyclostyled copies of budgets, changing and ratcheting figures here and there. Any wonder, why KP’s budgets have been looking and sounding strikingly similar over the years?

Let there be no illusions. There are no professionals at the helm to craft the budget, to order comprehensive spending reviews and apply brakes to the government’s ever growing penchant for spending.
Instead there are wizards, who make things happen, produce a rabbit out of a hat and create a make believe world for their political masters to pull wool over the eyes of all and sundry.
Forgive the public, for they know not, what this jugglery of numbers is all about. Even the lawmakers, who pass the budgets, hardly make any effort to understand the number game beyond looking for their schemes included in the Annual Development Programme.

But there is a limit to stretch one’s imagination, particularly, when the wizards are no Archimedes. A time comes when reality starts staring you in the face and that moment of reckoning for KP, perhaps, could be round the corner soon, if sanity does not prevail and political astuteness does not give way to political expediency.

What therefore, was the need for deliberately and artificially inflating figures to ‘balance’ the budget, considering the resource constraints? There are so many ‘ifs’ in the budget for the next Bubble of fiscal sustainability of KP about to burst? financial year that if any of the ‘ifs’ does not materialise, KP would either have to go for drastic budgetary cuts or go for borrowing.
Historically, there have been shortfalls on the receivables side from federal tax assignments which were always met through internal cushions. The large cushion available with KP, having been absorbed in the current financial year due to shortfall in revenue from federal as well as provincial resources, has left little space for the budget in 2015-16.

---

No professionals at the helm to craft budget

---

Consider KP’s budget for 2015-16. Our budget has been pitched at Rs487.884 billion, showing a 21 per cent increase over current year, with a development budget of Rs174.88 billion and outlay of Rs142 billion from own resources and Rs38.88 billion from foreign sources.

General Sales Tax on Services (Provincial) has been pitched at Rs14 billion, Rs2 billion more than current year’s estimate. Considering that KP would not be able to even achieve the current year’s target, the projected figure seems ambitious enough to leave a budgetary gap of at least Rs5 billion by the end of the next financial year.

The receipts from Provincial Own Receipts (Tax & Non Tax) are more mind-boggling. Pitched at Rs 37.12 billion for the next financial year as against Rs13.93 billion, the budget shows a staggering increase of 166 per cent. Taxes levied in the new budget just do not correspond to such a phenomenal increase.

The finance department, however, argues that the projected increase is on account of the proposed sale of dry windfall of forests and penalty recovered from permission to sell illegally cut timber (a controversial decision nonetheless) and revenue collected from outsourcing of development of model city in Peshawar and towns in other districts to the private sector in the next financial year.
Similarly, net hydel profit for the next financial year has been pitched at Rs17 billion, currently capped at Rs6 billion. There is going to be a shortfall of Rs11 billion, unless of course, as promised, the federal government yield to KP’s long standing demand of uncapping the amount.
Likewise, the revenue expected on account of arrears of net hydel profit has been pitched at Rs51.87 billion. It is all the more mind-boggling as not a dime came through against the projected amount of Rs32.27 billion in the current year.

The government is optimistic though that the federal government will follow through on its commitment to pay the arrears and that a Memorandum of Understanding is expected to be signed soon to the effect to put to rest a long standing issue.

Federal Minister for Water Khwaja Asif told the National Assembly the other day that a draft was currently being vetted by the Law Division and he too was optimistic of resolving what he described as a just issue.
There have been false starts in the past with federal government reneging on promises and if KP is able to get the NHP uncapped and recover its arrears, it would be a big achievement. But if, like the past, the federal government drags its feet, this would leave a gaping hole of Rs51.87 billion in the budget and literally leave KP’s financial kitty in tatters.

What, however, is more ominous and arguably the most alarming aspect of the next financial budget is the amount shown as “Recoveries of Investment of Hydel Development”, projected at Rs15 billion. On the face of it, it has been made to look like profit accruing from Rs27.56 billion Hydel Development Fund. The profit from this investment could not under any imagination be more than Rs2 billion. Depicting the sum under the receivables, it seems, the government has decided to blow away the fund, meant exclusively for the development on hydel energy, on brick and mortar and inflate the budget.

The finance department claims that the money shown in receivables would be spent on the development of hydel generation does not hold any water, since projects worth Rs3.4 billion have been allocated for the purpose, the rest of the amount -- Rs11.6 billion -- will be fritted away on other expenditures. This is a major reversal of a policy decision of the past government.

The total shortfall, thus, if calculated would come a whooping Rs93 billion. Our entire budget thus hinges on the federal government commitment to pay up arrears and uncapping of net profits and a host of other projections. A shortfall in one receivable and we will have to resort to budgetary cuts and borrowing. Not a good omen for the ruling coalition in KP.

But, even if we do somehow survive this bubble burst, the yet more ominous sign is the spiraling salary and pension bill that now consumes 71 per cent of our budget, leaving a paltry 29 per cent for development.
Although, there has been some increase in O&M, but the amount is not enough to ensure good service delivery in the education and health sectors.

Politics and finances do not go hand in hand. The decision to grant across the board up-gradation to various segments of the civil dispensation has added Rs20 billion to the salary bill.

One would have expected Pakistan Tehreek-i-Insaf to do a better job at budget-making to do away with regional disparities and to invest in KP’s core strengths to generate not just more revenue but also more employment. Alas, it too, like its predecessors, relied on a visionless and toothless planning department and finance department for a bail out.
Published in Dawn, June 29th, 2015
http://www.dawn.com/news/1191093/is-...about-to-burst

 

[Syed Haider Imam]

KP Debt
The total volume of debt in the province is Rs121 billion of which Rs5 billion are owed to the federal government. The rest are foreign loans.

“We pride ourselves on the fact that our debt volume is less than that of other provinces,” said the secretary. He added the loans were taken on a standard mark-up set by the donor, adding it was much less than the money borrowed during the 1990s at a 17-18% mark-up. “The provincial government has decreased allocations for certain heads which would be paid as the markup,” he said. “The amount set aside for this purpose was Rs7.20 billion.”

 

[459zaman]

corruption pakistan ka bunyedi masla hai naye pakistan wale hon ye purani pakistan wale dono ka hall burah hai....corruption katam ker din sab masley hall ho jain gai

 

[rtabasum2]

There is no way out, they will hv to borrow to meet this shortfall

 

[Syed Haider Imam]

There is no way out, they will hv to borrow to meet this shortfall

Do you remember we often discuss that " THEY " have handed over KP to fail the PTI
Look at the horrible numbers

Salary 175 Billion
Non salary ( Pension ) 138 Billion

What is left behind ?

Simple math, if they don't get 100 billion. KP Gov can't carry on with the development project unless they borrow more.
KP Government already owe 121 billion and they are paying huge interest on that borrowing.

 

[Syed Haider Imam]

corruption pakistan ka bunyedi masla hai naye pakistan wale hon ye purani pakistan wale dono ka hall burah hai....corruption katam ker din sab masley hall ho jain gai

There is an institution known as NAB in KP which is an independent body. Government or PTI can't keep an eye on every individual.
Let the people loot and let the NAB work.
In the meanwhile, No drama.

 

[GreenMaple]

Something is fishy in these numbers. The total federal budget for 2015-2016 is 4.5 trillion with 3.0 trillion income (1.5 trillion budgetary deficit). Unless I'm missing something, how NFC award for KPK can be 3.5 trillions?

 

[rtabasum2]

Do you remember we often discuss that " THEY " have handed over KP to fail the PTI
Look at the horrible numbers

Salary 175 Billion
Non salary ( Pension ) 138 Billion

What is left behind ?

Simple math, if they don't get 100 billion. KP Gov can't carry on with the development project unless they borrow more.
KP Government already owe 121 billion and they are paying huge interest on that borrowing.

Bhai KPK is the begging bowl of Pakistan guess how much money has poured in last 6 yrs in form of USAID n if only 1 % was spent on development of KPK we would not be suffering like this. All in all Pakistan whole economy is like this we hv been living on Aid caz nobody wants to pay tax. A country of 20 crore plus n only 1 million paying income tax which also is through forged books than what else can u expect.

It is our Forgien Policy n it is controlled by them as long as they control it Pakistan will remain a tax free haven n similar copy/paste budget will be given every year

 

[Syed Haider Imam]

Can someone explain if KP will get this amount separately?
This amount goes into the books of KP or not.

Khyber Pakhtunkhwa (KP) budget for development projects is Rs.124 billion.


Pakistan Federal Budget 2015-16 Highlights

JUNE 5TH, 2015 BUSINESS
ISLAMABAD: Federal Finance Minister Ishaq Dar on Friday unveiled the federal budget for the fiscal year 2015-16 having an outlay of over Rs4.2 trillion.

According to a copy of the ‘Budget in Brief’ document, a total of Rs.1514 billion have been allocated for Public Sector Development Projects (PSDP),
out of which Rs.700 billion have been set aside for federal development projects and the remaining Rs.814 billion for provincial development projects.

The developmental budget of Baluchistan is Rs.45 billion.

Khyber Pakhtunkhwa (KP) budget for development projects is Rs.124 billion.

The developmental budget of Sindh has been set of Rs.192 million.
A total of Rs.781 billion has been placed for defense budget. Out of which Rs.900 million are allocated for defense production.
A sum of Rs.1150 billion has been allocated for debt servicing- both internal and external.
According to details, the government has set a 5.5 percent economic growth target for the fiscal year 2015-16.
Trade deficit stays at $17.70 billion, while the government is expected to set a $43.30 billion import target.

http://dailycapital.pk/pakistan-federal-budget-2015-16-highlights/

 

[Syed Haider Imam]

Bhai KPK is the begging bowl of Pakistan guess how much money has poured in last 6 yrs in form of USAID n if only 1 % was spent on development of KPK we would not be suffering like this. All in all Pakistan whole economy is like this we hv been living on Aid caz nobody wants to pay tax. A country of 20 crore plus n only 1 million paying income tax which also is through forged books than what else can u expect.

It is our Forgien Policy n it is controlled by them as long as they control it Pakistan will remain a tax free haven n similar copy/paste budget will be given every year

Please check my post # 9
Do you have any expertise to clear this point?

 

[Pak1stani]

How much development budget was use in 2014/15? And If Central Punjab Govt. don't pay due right of province what choices Provincial Govt. should do?

Do you remember we often discuss that " THEY " have handed over KP to fail the PTI
Look at the horrible numbers

Salary 175 Billion
Non salary ( Pension ) 138 Billion

What is left behind ?

Simple math, if they don't get 100 billion. KP Gov can't carry on with the development project unless they borrow more.
KP Government already owe 121 billion and they are paying huge interest on that borrowing.

 

[shiningstar]

good research, tabdeeli ki asal chehra awam ko dhekhao,

 

[Theekra]

Seen correctly, KPK govt. is planning to default in advance.

Their planning seems to be 'By the end of year, if we are out of rupees, we'll start shouting for the Federation to give us more than the NFC portion we just agreed to. We can cite some conspiracy theory to cover our backside. Mind you, this is all needed for survival of the government to pay its bills etc., not ding anything lavish like bringing tabdeeli etc'.

PTI needs to turn its own govt upside down RIGHT NOW. Or its going to be over for them soon.They'll still have electables in KPK, just as PPP has in Sindh, but this performance will never let them come to national scene.

 

[Syed Haider Imam]

Something is fishy in these numbers. The total federal budget for 2015-2016 is 4.5 trillion with 3.0 trillion income (1.5 trillion budgetary deficit). Unless I'm missing something, how NFC award for KPK can be 3.5 trillions?

This might help you.
one trillion is one thousand times one billion
one trillion is one million times one billion

1 Hundred	100
1 Thousand	1000
10 Thousand	10000
1 Lakh	100000
1 Million	1000000
1 Crore	10000000
100 Million	100000000
1 Billion	1000000000
10 Billion	10000000000
100 Billion	100000000000
1 Trillion	1000000000000

 

[GreenMaple]

This might help you.
one trillion is one thousand times one billion
one trillion is one million times one billion

1 Hundred	100
1 Thousand	1000
10 Thousand	10000
1 Lakh	100000
1 Million	1000000
1 Crore	10000000
100 Million	100000000
1 Billion	1000000000
10 Billion	10000000000
100 Billion	100000000000
1 Trillion	1000000000000

Thanks for refresher, but I learned this eons ago. But question is still the same. If total federal budget is 4.5T then how NFC award just for KPK can be 3.5T, unless you meant .35T (or 350B). Not sure if I am understanding these numbers correctly.

 

[aimless]

We will c how much this news is true and how KPK is going to get themselves out ... though its funny how only source of the news is newspaper like mashriq ... NFC is big thing it should be in main media ...
btw from patwaris :P what about corruption of NS :P and others, today he was in top of the list of NAB with his new brother Zardari :P

 

[Syed Haider Imam]

Thanks for refresher, but I learned this eons ago. But question is still the same. If total federal budget is 4.5T then how NFC award just for KPK can be 3.5T, unless you meant .35T (or 350B). Not sure if I am understanding these numbers correctly.

If you have time, do u mind research on this program and try to find out answer which i have raised in post #9.

" Public Sector Development Projects (PSDP),
How does this program works in Pakistan?

 

[Altaf Lutfi]

تمھیں بجٹ کی سایؑنس کا اتنا ھی علم ھے جتنا کہ میری بلی کو ۔۔

 

[459zaman]

There is an institution known as NAB in KP which is an independent body. Government or PTI can't keep an eye on every individual.
Let the people loot and let the NAB work.
In the meanwhile, No drama.

ye sab dhong hai main ne tu chand aak corruption patai hai ek lambe list hai ......KPK ki NAB khan hai PTI corruption kare to wo corruption nahi hote[hilar][hilar][hilar][hilar]