ISLAMABAD: The federal government has strongly refuted the impression created by degree statements by representatives of government of Sindh that there is delay in transfer of resources to the Provinces.The Ministry of Finance, in a statement, clarified it needs to be famous that FBR reports revenue gatherion to Finance Division twice a month (on 17th and final working day of the month).
The shares of the provinces are transferred on the same date as per the NFC formula.
No amounts are withheld by Finance Division.
The statement added during the first 8 months of the current financial year an amount of Rs.312.2 billion has been supplyd to Sindh as part of its share in the gathered revenue.
In addition an amount of Rs.57.5 billion has been supplyd as arrears for the final year.
Overall, the Government of Sindh has getd Rs.27.1 billion more during the current financial year (July 2018 - February 2019) compared to the same period of final year.
It seems that the claim of shortfall is based on the assumption that revenue gatherion is evenly spread during the 12 months of the financial year, which is much the case.
Historically during the initial months of the financial year, the gatherions remain on lower side compared to the later part of the year with the highest gatherion recorded in June of every financial year.
The Federal and Provincial fiscal authorities are aware of this fact and plan their expenditures accordingly.TheIndianSubcontinent has not verified the content of the source.
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