KP govt announces Rs603 billion tax free budget - FINANCIAL-24
PESHAWAR: The Khyber Pakhtunkhwa Government Wednesday unveiled Rs 603 billion tax free budget carrying development outlay of Rs208billion for the year 2017-18 with major focus on elimination of corruption and development of the social sector development besides announcing 10 percent increase in the salaries and pension of the government employees after merger of 2010 ad hoc relief.
Provincial Finance Minister Muzafar Said advocate presented the fifth budget of PTI led coalition government in the KP assembly Saturday afternoon with Speaker Asad Qaiser in the Chair.
A special meeting of the Khyber Pakhtunkhwa Cabinet with Chief Minister Pervez Khattak in chair here Wednesday approved budget proposals for year 2017-18.
The KP government also announced 10 percent increase in salary and pension of the government employees after merger of the 2010 ad hoc relief.
The minimum wages have been enhanced from Rs14000 to Rs.15000. The rise in salaries and pension would burden the provincial kitty with Rs16.50 billion
The province is expected to receive Rs247.876b from the Federal Divisible Pool 2017-18, Rs.107 million as one percent share of the province in war against terror from the federal divisible pool and Rs49.806 billion as straight transfers from the federation.
The province will get Rs21.774b under head of net hydel profit and its arrears from the federal government and Rs114.535 million as arrears of the net hydel profits.
The provincial own receipts have been pitched at Rs68.31 billion for 2017-18. The current expenditure has been pitched at Rs388billion to meet the provincial expenditure to be incurred next year, he said.
The Finance Minister informed the House that the provincial government will generate Rs126 billion from its own sources for the development programme whereas Rs 82 billion would be met through foreign donor agencies for feeding the development programmes. - NNI
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