The police specific grant, in Sindh Budget, has been increased to 29.60 billion rupees while decision has been taken to impose a tax on oil supplies, from Karachi to in side the country, SAMAA reported on Friday.
According to the budget documents received by SAMAA, it is suggested that the grant assigned to police for next fiscal year, should be mounted up to Rs 29.60 billion while for the purchase of weapons and other necessities along with CCTV cameras, Rs 1.7 billion, and for the improvement of prisons, Rs 200 million should be allocated.
The target, in Sindh Budget, for receiving tax on services has been set to RS 25 billion. The income through NFC award Rs 207.30 billion while income of oil and gas royalty is estimated to Rs 53.70 billion.
In other suggestions, of Sindh Budget, it is included that 2 percent tax on commercial property and 2.5 percent tax on other property shall be imposed. Further more Sindh provincial government has decided for next fiscal year to impose 0.8 percent infrastructure tax on all the oil supplies, through tankers and pipe lines, from Karachi to the interior of country.
The private companies will also be liable to pay this new tax but the oil supply for NATO will be exempted from it. Government is expecting to get Rs 4.5 billion from new tax while the ratio of stamp duty is also likely to change.
Sindh Chief Minister Qaim Ali Shah, who also holds the portfolio of finance department, is likely to present the Budget for fiscal year 2010-11 on Friday.
The total outlay for for the next fiscal year is Rs400 billion, in which Rs133 billions will be allocated to the Annual Development Program.
While the volume of non-developmental budget is likely to be Rs290 billion.
Sindh Health Minister Dr Sagheer Ahmed told SAMAA that 35 percent increase was expected in the health budget this year as compared to the last year’s budget.
He said that Rs4 billion would be allocated for the development projects related to health sector.