Home / Kashmir / Historic high budget for FY 19-20 presented for approval in legislative assembly

Historic high budget for FY 19-20 presented for approval in legislative assembly

Altaf Hamid Rao,

“97 billion earmarked for ongoing expenditure, 24 billion and 560 million for development expenditure, Govt. employees’ salaries raised by 10pc”,

MUZAFFARABAD: The largest budget of AJK’s history amounting to 1 trillion 21 billion and 560 million for fiscal year 2019-20 has been presented for approval in the Legislative Assembly, which met here on Tuesday with Speaker Shah Ghulam Qadir in chair.

97 billion for ongoing expenditure while 24 billion and 560 million have been earmarked for development expenditure. There is 11 percent increase in Annual Development Programme for next financial year. It includes 9 billion 801 million for highways, 2 billion 670 million for education and 750 million rupees for health sector.

The salaries of employees of Grade-1 to 16 have been increased 10 percent while from grade 17 to 20 there is an increase of 5 percent. 10 percent increase has been proposed for pension.

Presenting an outlay of current and revised budget estimates Finance Minister Dr. Najeeb Naqi said that in next annual development budget 40 percent for communication sector, 11 percent for education, 10 percent for physical planning and housing, 9 percent local government, 8 percent for power, 6 percent for foreign aid projects, 3 percent for health, while 13 percent funds have been set aside for other productive sectors.

He said under annual development expenditures 419 million were allocated for agriculture and livestock in the next financial year, 95 million for civil defense, 202.497 million for development authorities, 60 million for environment, 1 billion 343 million for projects being run by foreign aid. 550 million for forests, wild life and fisheries, 750 million for health, 528 million for industries and minerals, 20 million for transport, 37 million for information and media development, 235 million for Information Technology, 2 billion 355 million for local government and rural development, 2 billion 405 million for physical planning and housing, 2 billion 70 million for electricity, 264.6 million for research and development, 104.455 million for rehabilitation/resettlement , 150 million for social welfare and women development, 200 million for sports, youth and culture, 200 million for tourism, 9 billion 901 million for roads, communication and works have been set aside.

Describing the expenditure of expected income during the next fiscal year the finance minister said the expenditure of total receipts have been estimated 97 billion. He said 25 billion 600 million is expected from tax revenue, 85 million from law and order, 75 million from revenue department, 300 million from stamp papers, 40 million from transport authority, 15 billion 100 million from electricity, 720 million miscellaneous, 40 million from industries, 210 million from police, 0.35 million from jails, 357 million from communication and works, 160 million from education, 145.65 million from health, 40 million from religious affairs, 251 million from food department, 10 million from agriculture, 30 million from wild life and fisheries, 35 million from animal husbandry, 400 million from forests, 7.0 million labor, 4.0 million from sericulture, 40 million from government printing press, 15 million from armed services board, 54 billions 850 million from grants, 600 million from water use charges, 10 million from minerals, 25 million from tourism, 450 million from loan advances and 2 billion 600 million from adjustment of overdraft.

Stating the details of ongoing expenditures, the Finance Minister said 4 billion 546.9 million is being spent on general administration, 962.3 million on board of revenue, 21.4 million on stamp papers, 32.4 million on rehabilitation department, 1 billion 49.4 million on rehabilitation and relief, 20 billion on pension, 162.7 million on information, 1 billion 718.5 million on judiciary, 5 billion 993.8 million on police, 194.1 million on jails, 203 million on civil defense, 76.5 million on armed services, 3 billion 660.2 million on communication and works, 27 billion 169.0 million on education, 9 billion 69.8 million on health, 83.2 million on sports youth and culture, 177.9 million on religious affairs, 444.5 million on social welfare and women development, 764.8 million on agriculture, 697.7 million on livestock, 265.9 million on food, 1 billion 600 million on state business, 1 billion 117.4 million on forests, 43.8 million on cooperative, 8 billion 594.8 million on electricity, 599.2 million local government and rural development, 151.9 million on industry and mineral development, 67.5 million on printing press, 95.7 million on sericulture, 173.7 million on tourism, wild life and fisheries and 15 billion 383.7 million on miscellaneous (grants).

The Total expenditure comes to 95 billion 740 million while capital expenditures are 1 billion 260 million. The total of these expenditures come to 97 billion rupees.



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