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CDA Board approves Rs.45,824.87m Budget for the FY 2014-15

June 28, 2014

Capital Development Authority (CDA) Board has approved Rs.45,824.87 million Budget of CDA for the Financial Year 2014-15 in its meeting held here at CDA Headquarters on Friday. The Budget meeting was chaired by Chairman CDA, Mr. Maroof Afzal.

On this occasion Member Finance, Arbab Sher Bahadur, Member Administration and Estate, Amir Ali Ahmed, Member Environment, Syed Mustafain Kazmi, Member Planning and Design, Waseem Ahmad Khan and Member Engineering, Shahid Sohail were also present in the budget meeting.

The total outlay of spending is estimated at Rs.45,824.87 million for the Financial Year 2014-15, which is 35 per cent more than the current Financial Year i.e. 2013-14. Total receipts are estimated at Rs.45,824.87 million, which is 23 percent more than the estimated receipts of current Financial Year 2013-14 budget. Development budget is estimated as Rs.30,144.16 million, which is 66 percent of the total budget. Non-development expenditure is estimated at Rs.15,680.71 million, which is 34 per cent of the total budget. On this occasion the Chairman CDA said that this budget is development oriented and focus has been given to acquisition of land, development of stalled sectors where development is pending since many years and development of new sectors to provide opportunities for new housing facilities to the people.

He also said that in addition to major development projects focus has also been given to the repair and maintenance of existing infrastructure, play grounds, parks, sewerage system and water supply lines.

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Source: National Herald Tribune (Pakistan)

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