GB Budget - File Photo

GILGIT: A total annual budget of Rs15.43 billion for the year 2011-12 was presented in the Gilgit-Baltistan Assembly on Monday, DawnNews reported.

Meanwhile, as Finance Minister Mohammad Ali Akhtar presented the budget in the assembly, opposition members and journalists boycotted the budget session.

Out of the total budget, an amount of Rs 8.17 billion was allocated for non-development activities whereas Rs 7.268 billion have been allocated for development.

In the budget speech, the finance minister added that 23 per cent of the budget was allocated for education, while 16 per cent was apportioned for health. An increase of 15 per cent was also announced for government salaries, with a 15-20 per cent increase in pensions for retired employees.

According to the budget details posted on the Gilgit-Baltistan website, a total of Rs 1.89 billion have been allocated for nine Federal Public Sector Development Projects (PSDP) in the province, whereas Rs 1.2 billion have been earmarked as Gilgit-Baltistan Special Development Package.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Afghan turbulence
Updated 19 Mar, 2024

Afghan turbulence

RELATIONS between the newly formed government and Afghanistan’s de facto Taliban rulers have begun on an...
In disarray
19 Mar, 2024

In disarray

IT is clear that there is some bad blood within the PTI’s ranks. Ever since the PTI lost a key battle over ...
Festering wound
19 Mar, 2024

Festering wound

PROTESTS unfolded once more in Gwadar, this time against the alleged enforced disappearances of two young men, who...
Defining extremism
Updated 18 Mar, 2024

Defining extremism

Redefining extremism may well be the first step to clamping down on advocacy for Palestine.
Climate in focus
18 Mar, 2024

Climate in focus

IN a welcome order by the Supreme Court, the new government has been tasked with providing a report on actions taken...
Growing rabies concern
18 Mar, 2024

Growing rabies concern

DOG-BITE is an old problem in Pakistan. Amid a surfeit of public health challenges, rabies now seems poised to ...