Federal Budget 2021-22 Speech on 11th June in Pakistan. So, Budget 2021-22 to be presented on June 11.
In other words, the country achieved a GDP growth rate of 3.94% in the outgoing fiscal year 2020-21, compared to an estimate of minus 0.47% in the previous fiscal year 2019-20.
Federal Budget 2021-22 Speech on 11th June in Pakistan
However, the government has already decided to allocate Rs 900 billion to the Public Sector Development Program (PSDP) in the coming financial budget, out of which Rs 650 billion will be allocated in the current financial year.
Therefore, the Annual Plan Coordination Committee (APCC) has now scheduled to meet in Islamabad on May 26, 2021. To recommend allocation for the Economic Framework and PSDP for the next financial year.
So, the country achieved a GDP growth rate of 3.94% in the outgoing fiscal year 2020-21, compared to an estimate of minus 0.47% in the previous fiscal year 2019-20.
Similarly, the government has already decided to allocate Rs 900 billion to the Public Sector Development Program (PSDP) in the coming financial budget. Out of which Rs 650 billion will be allocated in the current financial year.
So, the Annual Plan Coordination Committee (APCC) is now scheduled to meet in Islamabad on May 26, 2021, to recommend allocation for the Economic Framework and PSDP for the next financial year.
Remittances in Pakistan rose to a high of 8 2.8b in April
Related Links:
- Salary Increase 2021 in Federal Budget Pak Govt Employees
Ministry of finance
Summary of Federal Budget 2021-22 Speech India
Posted On: 01 FEB 2021 2:10 PM by PIB Delhi
New Delhi, February 1, 2021
Part-A
The Finance Union Minister Ms. Nirmala Sita Raman, today presented the Union Budget 20-22 in Parliament, which is the first budget of the century. Relying on the idea of a self-sufficient India, the Minister said that it was an expression of the 130 crore Indians who have full confidence in their abilities and skills. He said that the budget proposals include the commitment of the first nation, doubling the income of farmers, stable infrastructure, healthy India, good governance, opportunities for youth, education for all, women empowerment, and inclusive growth. It will also provide more stability. In addition, 13 promises of the Budget 2015-16 are included on the path to faster implementation, which was fulfilled during the Amrit Maha Also of 2022 on the occasion of the 72nd year of our independence. He added that he also supports the idea of a self-sufficient India.
There are 6 pillars depending on the budget proposals for 2021-22
Health and fitness
Physical and financial capital and infrastructure
Inclusive promotion for aspiring India
Re-stabilization of human capital
Innovation and research and development
Minimum government, maximum rule
Health and fitness
Investment in health infrastructure has increased significantly and it has proposed to allocate Rs. 223846 crore in 2021-20 which is an increase of Rs. 94452 crore as compared to last year’s budget allocation which is an increase of 137%. ۔
Above all, the Finance Minister announced that a new scheme under the auspices of the Center, Prime Minister Atam Narbhar Sosth Bharat Yojana, would be launched for which an amount of about Rs. It will improve the capacity of primary, secondary and regional care systems, strengthen existing national institutions and develop new institutions aimed at identifying and treating new and emerging diseases.
The actual interventions under the scheme are:
- Aid for 17788 rural and 11024 urban health and wellness centers.
- Public health labs established 3382 block public health units in 11 states and in all districts.
- Establishment of intensive care hospital blocks in 602 districts and 12 central institutions
- Strengthening (NCDC) the National Center for Disease Control, 20 metropolitan monitoring health units
E- Expanding the integrated health information portal of all states as well as centrally administered areas to connect all public health laboratories. Activation of 17 modern public health units and stabilization of 33 existing public health units at the point of entry located at 32 airports, 11 beaches, and 7 land crossings.
Establishment of 15 health emergency operation centers and 2 mobile hospitals
Yes. Health, a regional research platform for the World Health Organization South Asia region, 9 Biological. Establishment of four regional national institutes for protection level III laboratories and virology
Vaccine
Code in the budget for the year 2021-22. An amount of Rs 35,000 crore has earmarked for 19 vaccines. The Indian-made growth cochlear vaccine, currently limited to five states, made available in all states of the country with the aim of eliminating the annual deaths of 50,000 children each year.
Nutrition
To stabilize nutrition elements, supply, external access, and productivity, the government will integrate the Supplementary Nutrition Program and Poshan Abhiyan and launch Mission Poshan 2.0. The government will adopt a faster strategy to improve nutrition in 112 aspiring districts.
Uniform coverage of water supply and Sooch Bharat Mission
The Finance Minister announced that Jal Jeewan Mission (Citizen) launched to provide equal water supply to all 4378 local bodies including tap connections for 2.86 crore households as well as solid waste management in 500 nectar cities.
5 Years Plan:
In addition, A five-year plan has included. It will implement for 5 years and an amount of Rs 287,000 crore has allocated for it. In addition. So, the Civil Sooch Bharat Mission has implemented with a total financial allocation of Rs. 141678 crore for a period of 5 years during 2021-2026.
However, to address the deteriorating problem of air pollution, the government has also allocated this budget. I have proposed to provide Rs.2217 (crore) for forty-two -urban centers with over one million population. So, a voluntary vehicle scrapping policy has also announced to eliminate old and unfit vehicles. It has proposed to provide fitness after 20 years in case of personal use vehicles. After 15 years in the case of commercial vehicles in automatic fitness centers.
Physical and financial capital and infrastructure
Self-sufficient India. Production incentive scheme
At last, the Finance Minister said that for an economy worth US 5 trillion. Our manufacturing sector needs to grow in double digits on a sustainable basis. Therefore, our manufacturing companies need to become an integral part of the global supply chain, adapt to key competitive environments. Acquire the latest technology. To achieve all of the above, you have to go all over India.
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