The coalition government of ANP-PPP of Khyber Pakhtunkhwa Saturday presented a balance budget of Rs.249.15 billion for the financial year 2017-18.
The Provincial Minister for Finance, Engineer Mohammad Hamayun Khan presented the budget in a specially convened session of the provincial assembly.
Speaker, Khyber Pakhtunkhwa Assembly, Kiramatullah Khan presided over the proceedings of the house.
In last year budget estimates amount sanctioned for State Trading, Food, Grain and Sugar were used to be shown as part of the total outlay of the budget, which was presenting unrealistic picture of the budget.
This year a huge amount of Rs.87.706 billion has been reflected separately. The mentioned amount is shown for seeking credit from commercial banks and other financial institutions, which is neither part of the income for expenditures of the province.
The salient features of the budget for finance next financial year included a receipt of Rs.149.988 billion from federal government in head of federal taxes while another amount of Rs.18.202 billion would be provided in head of war against terrorism.
The provincial government will also receive a receipt of Rs.13.806 billion in head of royalty on oil and gas through straight transfers, Rs.6 billion as net profit on hydropower generation, Rs.25 billion outstanding arrears in head of net profit on electricity.
The province will generate an amount of Rs.7.349 billion from its revenue resources, Rs.10.3 billion on general sales tax on services.
The hydropower stations established with the own resources of the province will generate Rs.2.115 billion, Rs,16.112 billion from foreign project assistance and another amount of Rs.727.4 million through different miscellaneous resources.
The salient features of the expenditure of Rs.249.15 billion are including a current expenditure of Rs.149 billion.
The details of the expenditures are including Rs.13.12 billion (Health), Rs.18.81 billion (Police), Rs.2.34 billion (Irrigation), Rs.1.23 billion (Technical Education), Rs.2.32 billion (Works & Services), Rs.16 billion (Pension & Insurance), Rs.50.82 billion ( Salaries & other expenses of district governments), Rs.10.60 billion for payment of mark-up on loans and amount of Rs.2.50 billion for food subsidy.
Federal Budget Highlights 2011-2012
The Provincial Minister for Finance, Engineer Mohammad Hamayun Khan presented the budget in a specially convened session of the provincial assembly.
Speaker, Khyber Pakhtunkhwa Assembly, Kiramatullah Khan presided over the proceedings of the house.
In last year budget estimates amount sanctioned for State Trading, Food, Grain and Sugar were used to be shown as part of the total outlay of the budget, which was presenting unrealistic picture of the budget.
This year a huge amount of Rs.87.706 billion has been reflected separately. The mentioned amount is shown for seeking credit from commercial banks and other financial institutions, which is neither part of the income for expenditures of the province.
The salient features of the budget for finance next financial year included a receipt of Rs.149.988 billion from federal government in head of federal taxes while another amount of Rs.18.202 billion would be provided in head of war against terrorism.
The provincial government will also receive a receipt of Rs.13.806 billion in head of royalty on oil and gas through straight transfers, Rs.6 billion as net profit on hydropower generation, Rs.25 billion outstanding arrears in head of net profit on electricity.
The province will generate an amount of Rs.7.349 billion from its revenue resources, Rs.10.3 billion on general sales tax on services.
The hydropower stations established with the own resources of the province will generate Rs.2.115 billion, Rs,16.112 billion from foreign project assistance and another amount of Rs.727.4 million through different miscellaneous resources.
The salient features of the expenditure of Rs.249.15 billion are including a current expenditure of Rs.149 billion.
The details of the expenditures are including Rs.13.12 billion (Health), Rs.18.81 billion (Police), Rs.2.34 billion (Irrigation), Rs.1.23 billion (Technical Education), Rs.2.32 billion (Works & Services), Rs.16 billion (Pension & Insurance), Rs.50.82 billion ( Salaries & other expenses of district governments), Rs.10.60 billion for payment of mark-up on loans and amount of Rs.2.50 billion for food subsidy.
Federal Budget Highlights 2011-2012
