The government is set to table fiscal budget on Saturday by significantly crossing the initial ceiling of Rs 909 billion, as it plans to introduce a number of populist and new programmes, according to sources involved in drafting the budget.
Increasing funding for social security such as old age allowance, the Constituency Development Programme (CDP), local governments and introducing expanded health insurance system and employment guarantee programmes are some of the populist agenda the government is planning to incorporate in the new budget.
Many new initiatives regarding infrastructure projects, agriculture, drinking water and urbanisation have also been planned, said the sources. “The budget size is likely to cross Rs 1 trillion in view of implementing the constitution, which has added additional burden on the state as it has added many facilities under people’s fundamental rights,” said a senior official at the Ministry of Finance.
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