National Economic Council set to assess cuts to uplift funding today
IMF estimates Rs175 billion reduction in consolidated development programme
• Caretakers review proposals even as elected govt is set to take helm well ahead of budget
ISLAMABAD: With the IMF estimating a Rs175 billion cut in the consolidated development programme of the federal government and provinces, the caretakers in the Centre are seeking over Rs201bn reduction in the federal development budget alone for the current fiscal year, including Rs121bn allocated for the federal-funded provincial projects.
On Monday (today), the National Economic Council (NEC), chaired by Prime Minister Anwaarul Haq Kakar, is set to take up a six-point agenda, including a cap on federal financing to provincial projects and proposing priorities and guidelines for the Public Sector Development Programme (PSDP) for the next fiscal year.
