Pakistan Federal Government Freezes Provincial Development Funds, Promises Protection for NFC Award

🚀 Uzay 📰 Pakistan 🕐 2 saat önce
Pakistan Federal Government Freezes Provincial Development Funds, Promises Protection for NFC Award

PPP Chairperson Bilawal Bhutto-Zardari said on Thursday that the federal government had promised that allocations for provinces under the 7th National Finance Commission (NFC) award would be “protected”, and that the Centre would not request any further “help or sacrifice” following the recent decision to freeze development allocations for the provinces. The government has decided to freeze development allocations for the provinces for three years to generate more than Rs900

Pakistan's federal government has decided to freeze provincial development allocations for three years to generate over Rs900 billion for the Centre's strategic needs. PPP Chairperson Bilawal Bhutto-Zardari assured that provincial resources under the 7th National Finance Commission (NFC) award would be protected, and no further "sacrifices" would be requested from provinces. He stated this constitutional solution, under Article 164, balances national security requirements with provincial concerns. Bhutto-Zardari thanked Prime Minister Shehbaz Sharif and other ministers for their collaboration, calling it a "success of Pakistan's politics" where democratic institutions can make joint decisions for the national interest. He also addressed "strange rumors" about abolishing the 18th Amendment or altering the NFC award, affirming that provinces, despite fiscal space, also face economic challenges.

Pakistan's federal government freezing provincial development funds, while promising protection for NFC awards, signals a complex fiscal balancing act amidst national security needs.

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