CDA fails to spend 50pc of current fiscal budget


While planning to prepare budget for fiscal year 2011-12, the Capital Development Authority (CDA) utilised only 50 percent of Rs 22.71 billion current year’s budget because of its failure to start work on a number of approved projects, said a senior CDA official while talking to Pakistan Today.
“The CDA hardly spent 50 percent of funds allocated in the current budget for self-finance, revenue and public sector development programme,” he added. He said that in the current year budget, CDA had allocated Rs 11.46 billions for development projects, Rs 9 billiion for non-development expenditures, Rs 5.35 for engineering wing , Rs 2.55 billion for estate management wing, Rs 1.32 billion for planning and designing wing, Rs 1 billion for unforeseen expenditures, Rs 628 million for environment wing, Rs 608 million for administration wing and Rs 1.58 billions for maintenance of the President House, Prime Minister House, Pakistan Secretariat, Parliament House, parliament lodges and other government buildings.
He said although a major allocation in the current budget had been made for building roads, interchanges, underpasses, water supply lines, sewerage and environment projects, the CDA had unfortunately failed to fully utilise funds allocated for these sectors. The official said because of the CDA’s inability to utilise funds allocated in the current year’s budget, a number of projects, such as construction of Kashmir Highway and Zero Point Interchange, development of F-9 Park, launching of Rapid Mass Transit System and up-gradation of Marghazar Zoo, remained incomplete.