Search

No financial crunch in KP; claims Ghani

PESHAWAR: Special assistant to Chief Minister on Information and Public Relations Mushtaq Ahmed Ghani said here Sunday that the province was facing no financial crunch.
Through a statement he termed media reports appearing in a section of the press regarding financial crunch in the province as baseless.
Mushtaq Ghani clarified that the financial position of the province was satisfactory and sufficient resources were available to meet the requirements of the provincial and district government departments.
The Finance Department, he said, had released a sum of Rs194 billion for development projects and is inclusive of Rs23 billion for salaries of employees in the devolved departments. Additionally, he said Rs5 billion have been released for operational expenditures of the devolved departments Besides, he said more than Rs5 billion has been released for development expenditures in three tiers of the local governments while Rs400 million were provided to the local councils as grants.
Further releases for three tiers of the local governments have been planned for later this month, he added.
Mushtaq Ghani said a major chunk of resources was transferred by the central government.
“Therefore, the financial management of the province remained dependent, to a certain extent, on the uncertain transfers by the federal government,” he argued.
“In a recent meeting with the federal minister for water and power, the provincial government put forward a request to immediately transfer Rs15 billion as arrears of net hydel profit,” he pointed out.
He explained that these arrears were agreed to be transferred to the provincial government under a memorandum of understanding (MoU) signed between the federal and provincial governments.
Mushtaq Ghani said the MoU has also been endorsed by the Council of Common Interests (CCI).
However, the amount has not been transferred to the provincial government despite lapse of more than three months of the current fiscal year, he added.
While commenting on the performance of the Finance Department, Mushtaq
Ghani said that governance had been improved over the last three years by providing adequate financial resources for priority services sectors.



--!>

JUI-F’s countrywide road blockade in full swing

--!>