GEO 436 QUETTA: Balochistan's budget for the next financial year 2010-2011 will likely be presented tomorrow. It will be a development-oriented budget having an unprecedented outlay of around Rs 45 billion and maximum focus on the education sector, sources in the provincial finance department said. The sources did not disclose the exact total volume of the province's next financial year budget, yet it has been estimated up to Rs 120 billion. This is a record increase of around Rs 45 billion as compared to the current budget thanks to the enhanced share of the province in the NFC Award and the Gas Development Surcharge (GDS). The non-development budget of the province would be up to Rs 70 billion, the sources maintained. Meanwhile, Balochistan Finance Minister Mir Muhammad Asim Kurd told media that the provincial budget would be as per aspirations of the masses, and of course, in their best interest. He said that it would be a tax-free budget. He said that education would be priority in the new budget as a record Rs22 billion would be earmarked in the sector. While the health and water supply sectors would also fetch additional allocations in the budget, he added. The provincial finance minister also disclosed that the province would get around Rs 83 billion as per its share in the National Finance Commission (NFC) Award while Rs10-13 billion would be put in the provincial exchequer. Asim Kurd, who is going to present the second budget on June 21, said that some 20,000 new jobs would be created in the next budget. He also disclosed that salaries of government employees and police personnel will be increased as per their demand. He also said that a proposal of setting up new industries was also under consideration in the next fiscal year budget.
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