LAHORE - The provincial finance department likely to release up to Rs 195 billion from its revised Annual Development Plan of Rs 210 billion while utilization of total ADP has been estimated at about Rs 165 billion by the end of the current fiscal year to be closed on June 30, 2013.

Official sources in Punjab Finance Department told The Nation that by May 2013, the provincial exchequer had released almost Rs 174 billion while utilization ratio remained at around 67 per cent to Rs 118 billion. Likewise, the department had earlier issued around Rs 155 billion by April with usage proportion of Rs109 billion, showing almost 70 per cent of the total amount.

As per sources, the Punjab government released funds of around Rs 149 billion out of revised size of ADP of about Rs 210b for the development projects in first three quarters of current fiscal year of 2012-13. However, total funds of Rs 98 billion were utilised during the period of 1st July, 2012 to 31st March, 2013 on the completion of development projects with the percentage of 66 per cent.

According to sector wise funds utilization details, an overall utilization of the development sectors was more than benchmarked as 70 per cent which included: Rs36m out of 250m was released and Rs36m was utilized with the percentage of 100 per cent for Fisheries Sector, for Transport sector Rs40m out of Rs 1200m was released while Rs 38m was utilized with the percentage of 94 per cent, for Literacy and Non-Formal Basic Education Sector worth Rs341m out of 915m was released and Rs306m was utilized with the percentage of 90 per cent, worth Rs24.95 b out of Rs 25.39 b was released while Rs21.17 b was utilized with the percentage of 85 per cent for BRTS, for Agriculture Sector Rs 29.14b out of Rs 50.4b released and Rs 23.8b utilized with the percentage of 82 per cent, for Water Supply & Sanitation Sector Rs 5141 million out of Rs 9960m was released while Rs 3861million was utilized with the percentage of 75 per cent, for Live Stock & Dairy Development Rs 115m out of Rs 1658m was released and Rs 84m was utilized with the percentage of 73 per cent.

The performance of other development sectors was benchmarked below the 70 per cent which included: for Tourism Sector Rs 108m out of Rs 294m was released and Rs 3m was spent with the percentage of 3 per cent, for School Education Sector worth Rs 5738m out of Rs 15013 was released while Rs 1500m utilized with the percentage of 26 per cent, for Public Buildings Sector Rs4559m out of Rs 5092m was released and Rs 1462m was utilized with the percentage of 32 per cent, for Labour Sector Rs 76m out of Rs 100m was released and Rs 26m was spent with the percentage of 34 per cent, for Sports Sector Rs 530m out of Rs 1800m was released while Rs 199m utilized with the percentage of 37 per cent.