Muzaffarabad, 16 June: The Azad Jammu and Kashmir(AJK) to unveil its annual budget today government to be announced its budget for the next fiscal year 2021-22 with a total outlay of Rs141.4 billion on Wednesday (today).
The floor of the house is scheduled to meet at 11 am in which AJK Finance Minister Dr. Najeeb Naqi will present the budget.
According to the document, Rs28 billion have been presented for the annual development package, which is 15% higher as compared to the FY-2020-21. Rs113.4 has been started for the non-development expenditures.
Rs 10 billion have been preferred for the transport and communication sector.
It will be the last budget of the AJK Prime Minister Raja Farooq Haider Khan-led PML (N) AJK government, which is competing its prescribed 5-year constitutional term next month..
So far, the federal government(PTI), Punjab, and Sindh provinces have unveiled their budget proposals with no additional taxes.
Sindh govt has planned to save Rs 40 billion through austerity measures that included minimizing non-development expenditure in the budget for the next fiscal year 2021-22.
As per details that have emerged after approval of the budget from the provincial cabinet, the government has proposed minimizing non-development expenditure by 34 percent.