Tag Archives: Spending

‘Govt spending Rs 15b in FATA’

PESHAWAR – The Federally Administrative Tribal Areas (FATA) development outlay marked almost a double increase over the previous years as during current financial year Rs. 15 billion is being incurred on development activities in FATA as compared to Rs. 7.6 billion earmarked during year 2006-07. This was stated during a presentation to the participants of 12th National Security Workshop of National Defense University Islamabad at the Governor’s House here on Thursday. Governor Khyber

Double-digit rise for China’s military spending

BEIJING – China announced a renewed double-digit hike in military spending on Friday after funding slowed last year, but insisted the nearly $92 billion outlay posed no external threat despite concerns abroad. The defence budget will rise 12.7 percent in 2011 to 601.1 billion yuan ($91.7 billion), said Li Zhaoxing, spokesman for China’s national parliament, citing a budget report to be submitted to the rubber-stamp legislature.
“China has always paid attention to controlling the

Iraq cabinet ramps up spending as oil prices rise

BAGHDAD – Iraq’s government submitted a revised draft budget to MPs for approval on Sunday, raising projected public spending as oil prices have increased, government spokesman Ali al-Dabbagh said. The new spending programme estimates overall expenditure at $81.86 billion, or 96.6 trillion Iraqi dinars, while income will be $68.56 billion, leaving a shortfall of $13.3 billion- about a 16 percent budget deficit.
Sunday’s submission is based on average oil prices of $76.5 per

Punjab govt spending billions to promote education, says Saira Tarar

HAFIZABAD – Punjab Education Task Force Chairperson Saira Afzal Tarar has said that the Punjab government was spending billions of rupees for promoting education in the province.
She expressed these views while addressing a meeting of headmaster and headmistresses of the different schools in Hafizabad. Hafizabad District Education Promotion Committee Chairman Muhammad Bukhsh, Executive District Officer Education Sohail Azher Khan and attended the meeting.
She regretfully

Sindh spending Rs 7.5m on platelet bags: Sagheer

KARACHI: The Sindh Health Department is using Rs 7.5 million from different heads of the annual budget to buy mega-unit platelet bags for dengue patients that will be handed over to health executive district officers (EDOs) throughout the province, Sindh Health Minister Dr Sagheer Ahmed said on Sunday.
“The health department has so far conducted dengue tests on 3,371 people throughout Sindh, and 1,816 have tested positive for the disease, including 1,704 in Karachi and 112 in

Britain cuts spending, raises retirement age

LONDON: Britain said on Wednesday it would cut half a million public sector jobs, raise the retirement age and slash the welfare state as part of the biggest spending cuts in a generation.
After months of bitter negotiations, Conservative finance minister George Osborne confirmed he would press ahead with almost all the spending cuts he had outlined in a June budget.
Capital spending, however, he said would be 2 billion pounds higher per year than originally planned