The Public Sector Development Programme (PSDP) is the main instrument available to the government to provide budgetary resources for development projects and programmes, according to the PSDP itself.
The entire public sector investment encompasses development expenditure undertaken by the Federal Government through the Federal PSDP, provincial governments through the Annual Development Programmes and other organizations of federal and provincial governments to support resource mobilisation for various development projects and programmes in different sectors of the economy.
Public sector companies like Wapda, Civil Aviation Authority, Pakistan International Airlines and others also mobilise their own resources to supplement the government’s efforts for development.
The PSDP is the main instrument in government’s direct control to channelize funds and make developmental interventions. The government provides budgetary allocations to those projects and programmes that yield maximum benefits for the society in the shortest possible time.
Published in The Express Tribune, June 2nd, 2012.