Gilgit-Baltistan: Share of Federating Units in Divisible Pool

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ISLAMABAD (News): The four federating units will get the major share of 70 percent in the net divisible pool, leaving only 30 percent for the federal government, according to a presentation prepared by the ministry of finance on strategy for the Budget 2012/13.

The provinces will have additional transfer of Rs800 billion from centre under the 7th National Finance Commission Award, it said.

Of the 30 percent revenue receipts from the divisible pool, the central government will fund the defence sector along with going for debt servicing, spending in pay and pension, sharing in the public sector development programme and extending the subsidies in energy, food sector and giving bailout packages to the public sector entities.

Mentioning about the initiatives taken in the last four years, the presentation says that the government has extended Rs1.122 trillion as subsidy to the power sector, Rs104 billion to the petroleum sector, Rs110 billion to fertiliser and Rs137 billion to food. In the period under review, massive resources have been provided to less developed areas such as Rs120 billion to FATA, AJK Rs72 billion and Gilgit-Baltistan Rs52 billion.

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