PESHAWAR: The Khyber Pakhtunkhwa (KP) Finance Department hardly managed to spend some funds on three projects out of seven development projects, included in the Annual Development Program (ADP).
The provincial government had allocated Rs 18.22 billion to seven projects of the finance department of the current financial year’s ADP of which the finance department has released Rs505.989 million in the last six months, while the department has spent Rs 130 million on three projects until August.Â
The provincial government has spent Rs6.7 million allocated for the project to increase the capacity of the finance department, while Rs 120 million, out of Rs3.965 billion, has been spent on KP Revenue Mobilization and Resource Management Program. Similarly the provincial government has Rs3.8 million, out of Rs 14.2 billion, on the better development project.
The KP finance department sources said that the rate of allocated funds’ spending was extremely slow during the last six months while department has failed to utilize even a single rupee on three projects till August.Â
The political “cold war”, said the sources, between the provincial and federal governments has led the province into a very critical situation as not only the ongoing uplift projects of the finance department have been delayed, but also important projects, included in the ADP of other departments, got delayed due to lack of funds.
