PESHAWAR: The Khyber Pakhtunkhwa cabinet was informed on Sunday that the province’s revenue for the next budget had been projected at Rs657 billion or one per cent higher than the current budget.

The cabinet meeting was chaired by Chief Minister Mahmood Khan.

The cabinet approved the budget strategy paper II for fiscal year 2019-20, proposals for resource mobilisation and appointment of the chief executive officer of the Khyber Pakhtunkhwa Oil and Gas Development Company.

Secretary finance Shakeel Qadir Khan briefed the cabinet about the BSP-II and budgetary estimates contained in it. The cabinet was informed that province’s revenue had been pitched at Rs657 billion, which was one per cent higher than Rs648 billion current budget.

The meeting was further informed that ongoing expenditures in the current budget had been projected at Rs475 billion, while the annual development programme had been pitched at Rs122 billion.

The cabinet was informed that Rs53 billion had been earmarked for the current budget of defunct Fata, while the region’s ADP had been pitched at Rs33 billion.

The cabinet also approved revenue proposals of 17 of the 22 revenue generating government entities, which had submitted these to the finance department.

The cabinet approved Usman Ali Khattak’s appointment as CEO of KPOGCL, and a proposal to outsource maintenance and operation of the government-owned helicopters.

Published in Dawn, May 27th, 2019