AJK govt present Rs94bn budget


Muzaffarabad June 13 (TNS): The Azad Jammu and Kashmir (AJK) government presented on Thursday presented a Rs22 billion budget for fiscal year 2017-18.

The budget was presented by AJK Minister for Finance and Planning Dr Najeeb Naqi in a temporary hall at the Member’s Hostel as the assembly building is being reconstructed.

A budget deficit Rs12 billion would be met with the assistance of the federal government while current expenditures has been estimated at over Rs71 billion.

A sum of Rs23.28 billion have been allocated for development projects whereas Rs71.13 billion have been allocated for non-development schemes.

The legislative assembly met with Speaker Shah Ghulam Qadir in the chair.

The total income of the government during the next fiscal year has been estimated as Rs82 billion from which Rs20.8 billion has been estimated for its own resources, taxes share from Azad Jammu and Kashmir Council is expected to be Rs14.3 billion, an amount of Rs1.3 billion has been estimated in the head of Mangla water use charges, while share from federal divisible pool has been estimated at Rs26 billion.