Provincial budget 2009-2010
By Ahmad Mushtaque, Sindh
Note: Write up was written two weeks before the budget was announced on June 15.
The elected government of Pakistan Peoples Party is going to present its second budget for fiscal year 2009-10 in a week or so time, provincial budgets are not authorized to make economic policies for taxation and monitory policies are centralized in Pakistan. For over 85% financial resources, provinces depend on federal transfers, shares from divisible pool and grants. This fiscal structure in spirit is negation of federal system of governance. Provinces are been turned into post offices to distribute salaries and transfer funds to local governments. Successive military governments have rendered provinces irrelevant in making development planning and building capacity to generate resources.