Islamabad: A record budget of Rs 156 billion was approved for non-development and development expenditure of the Capital Development Authority (CDA) for fiscal year 2021-22.
The CDA board, which met at the CDA headquarters with Chairman Amer Ali Ahmed in the chair approved the budget, which was presented by Member Finance Shakeel Jazeb.
The budgetary documents show that for the upcoming financial year, no major project is planned, rather focus would be paid on ongoing projects.
The CDA officials said Rs 40 billion has been allocated for various development projects, including Rs 2 billion for construction of houses for low income people in Farash Town, Rs 60 million for Rawal Chowk Signal Free Corridor, Rs10 million for Margalla Avenue apart from I.J. Principal Road, PWD Underpass, 7th Avenue, 10th Avenue, a new slaughter house and ladies club.
CDA officials said the estimated expenditure of next financial year was Rs82 billion and revenue collection of Rs156 billion with a surplus of Rs 73 billion.
However, a major chunk, Rs 58 billion, is shown receivable from various organizations, the recovery of which remains uncertain. There was no such revenue stream in the CDA budget for the last two years.
Besides approval of the budget, the CDA board has also approved corona allowance for the next five months, for Grade 1 to 19 employees and officers.
Please contact Sky Marketing for further assistance.