ISLAMABAD: While sharing its concerns over excessive investing of billions of rupees out of Rs1.240 trillion financial stimulus package announced by the head of state to shield the masses against the after effects of the Covid-19 pandemic, the general public Accounts Committee (SPECIAL-INTEREST GROUP) on Monday sought a comprehensive rundown from the ministries worried.
Commanding the conference, SPECIAL-INTEREST GROUP chairman Rana Tanveer Hussain examined the release of funds to majority of ministries claiming the bundle was suggested for Covid-19 associated procedures only since the government makes allowances for Energy Shops Company (USC), Benazir Revenue Assistance Program (BISP), Pakistan Bait-ul-Mal (PBM) and also various other divisions in the budget plan.
Financing Secretary Yusaf Khan notified the PAC that the economic stimulus plan introduced on March 24, 2020 lugged Rs875bn as cash assistance and also Rs365bn as non-cash including tax obligation exceptions and economic warranties.
He said under the plan Rs190bn was allocated for emergency situation reaction, Rs570bn for alleviation to citizens as well as Rs480bn to support service community and economic situation. Under the emergency situation relief Rs25bn was designated to National Catastrophe Management Authority (NDMA), Rs50bn for Medical Corps, Ministry of National Health Service etc
. The government launched Rs18bn to NDMA in FY20 and Rs1.8 bn in FY21. Medical Corps was launched Rs8.4 bn as well as Rs4.8 bn, respectively, in 2019-20 and also 2020-21. The Ministry of National Health Service received Rs1.4 bn and also Rs25.6 bn in the exact same duration.
The Financing Department documents better showed under Rs100bn residual/emergency alleviation fund, an amount of Rs76.6 bn was released for purchase of Covid-19 vaccinations by NDMA, FBR to make reimbursement repayments as well as AJK as well as Gilgit Baltistan for education.
While Rs15bn non-cash funds were carried out through statuary governing orders (SROs) for tax obligation relief on food as well as wellness items.
The main stats further stated that Rs200bn was allocated for dispensation to day-to-day wage employees with BISP, but only Rs16bn was launched due to the fact that the BISP had actually utilised its very own sources to make up the afflicted day-to-day wage workers throughout the pandemic.
However, the BISP as well as PBM collectively invested Rs145bn for vulnerable family members and also Panagah during the duration. Ministry of Industries invested Rs10bn out of Rs50bn for USC subsidy, Power Department Rs15bn and also Rs41bn out of Rs100bn in FY20 as well as FY21.
The financing department implemented Rs70bn as alleviation on petrol/diesel.
Moreover, Rs70bn was launched to FBR and also Rs30bn to Commerce Department to provide alleviation to exporters, Rs51bn launched to Power Department for little as well as moderate enterprises for deferment of power costs. A quantity of Rs15.6 bn was launched to Ministry of National Food Safety and security for farming and Rs280bn to Pakistan Agriculture Storage as well as Solution Firm for settlement to wheat farmers.
Sardar Ayaz Sadiq of PML-N sought information of funds used for tax relief and subsidies for petroleum and power fields.
Noor Alam of PTI described this as making mockery of budgeting given that a significant amount was launched for Panagah (sanctuaries), power market, FBR as well as USC.