In the first quarter of FY23 provinces received Rs. 880 billion under the NFC award

In the first quarter of FY23 provinces received Rs. 880 billion under the NFC award

In the first quarter of FY23 provinces received Rs. 880 billion under the NFC award

In the first quarter of FY23 provinces received Rs. 880 billion under the NFC award

Despite the financial crisis, during the first quarter of the fiscal year 2022–23

the federal government gave grants of Rs. 28 billion and Rs. 880 billion to provinces through the National Finance Commission (NFC) Award (FY23).

Documents show that during the first quarter of the current fiscal year, the federal government sent payments of Rs. 437.74 billion to the Punjab government, Rs. 214 billion to the Sindh government, Rs. 145.767 billion to Khyber Pakhtunkhwa, and Rs. 82.80 billion to Balochistan.

According to the data, the federal government has given provincial governments Rs 28 billion through current and development funds, down from Rs 68 billion during the same period of the previous fiscal year.

Despite the financial crunch, the federal government has transferred Rs. 880 billion to provinces through the National Finance Commission (NFC) Award and Rs. 28 billion through different grants during the first quarter of the fiscal year 2022–23 (FY23).

According to documents, the federal government has transferred Rs. 437.74 billion to the Punjab government, Rs. 214 billion to the Sindh government, Rs. 145.767 billion to Khyber Pakhtunkhwa, and Rs. 82.80 billion to Balochistan during the first quarter of the current fiscal year.

Punjab received grants of Rs. 725 million from the federal government. In the first quarter of the current fiscal year, the federal government gave Sindh current grants of Rs. 3.3 billion.

During the first quarter of the current fiscal year, the federal government gave KP Rs. 17.17 billion in current grants and Rs. 5.15 billion in development funds.

During the first quarter of the current fiscal year, the federal government transferred to the Balochistan government Rs. 1.67 billion under development grants but nothing via ongoing grants.

During the first quarter of the current  province governments gave the federal government.

 

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