ISLAMABAD – The statistics issued by the Planning Commission revealed only 4.7 percent funds for the Ministry of Defence (MoD) could be released in last nine-and-half months as the Pakistan Muslim League-Nawaz (PML-N) leg federal government was bound to reduce the spending under International Monitory Fund (IMF) policies.
According to at least one official in Ministry of Finance, the federal government had given an undertaking to the IMF to reduce the spending on development programmes to about Rs 834 billion, around 28 percent lower than the budgeted Rs 1.15 trillion. The source further stated that undertaking was given to ensure containing of fiscal deficit in case of shortfall.
The statistics released by the Planning Commission states that MoD was given Rs 168.6 million or only 4.7 percent of the Rs 3.54 billion allocated fund.
Moreover, the defence production division was given Rs 499 million or 21.7 percent in the 10 months against an allocation for the year of Rs 2.3 billion.
The only exception, however, was the the Pakistan Atomic Energy Commission that received about 85 percent of the allocated funds during the 10 months. It was given Rs 44.5 billion against the budgetary allocation of Rs 52.3 billion.