Corona causes loss of Rs 10 billion to Balochistan government in 5 months – Express Urdu

If the virus will not be managed, the province may face a extreme monetary disaster, Finance Ministry sources (picture: file)

QUETTA: Corona virus has value the Balochistan authorities greater than Rs. 10 billion in 5 months.

According to the Express, this lack of Rs 10 billion is more likely to reduce some growth schemes for the present monetary yr and improve the funds deficit for the subsequent monetary yr.

According to sources within the Finance Department, the provincial authorities procured medical tools value Rs. 2 billion in reference to Corona. The authorities has given reduction in taxes of Rs four billion within the province whereas the provincial authorities has not been in a position to accumulate greater than Rs four billion in taxes because of the closure of enterprise.

Sources within the Treasury Department stated that the monetary losses brought on by the Corona virus are more likely to have an effect on some growth schemes for the present monetary yr and improve the funds deficit for the subsequent monetary yr.

Sources within the Treasury Department expressed concern that if the corona virus will not be managed, the province may face a extreme monetary disaster.

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