KP to announce record Rs1tr budget today

Published June 18, 2021
In this file photo, Finance Minister Taimur Saleem Jhagra presents the budget for FY 2019-20. —Shahbaz Butt / White Star
In this file photo, Finance Minister Taimur Saleem Jhagra presents the budget for FY 2019-20. —Shahbaz Butt / White Star

PESHAWAR: The Khyber Pakhtunkhwa government will unveil the largest ever budget of the province today (Friday) with an outlay of over Rs1 trillion.

The budget, the second last of the current government, will be presented before the provincial assembly at 3pm on Friday.

A notification issued by the assembly’s secretariat said in pursuance of Rule 33(1) of the KP Government Rules of Business, 1985, it was announced that the annual budget for the financial year 2021-22 would be presented in the assembly on Friday (June 18).

Official sources familiar with the preparation of the budget told Dawn that the budget had been finalised and would have an outlay of over Rs1 trillion, the largest ever in the province’s history.

Over Rs300bn proposed for development, Rs700bn for current expenditure

They said the budget would also have a development outlay of over Rs300 billion, while more than Rs700 billion would be spent on current expenditure in the next fiscal.

An official said the annual development programme (ADP) would have an Rs150 billion provincial component and over Rs89 billion for donor funded projects.

The ADP of the merged tribal districts has been pitched at over Rs30 billion.

The official said the government had also focused its attention on the translation of Prime Minister Imran Khan’s vision of giving priority to high impact project into reality through its development outlay and they included agriculture sector, knowledge economy, olive promotion, canal patrol projects and reduction of regional disparity.

He said under the initiative, more than 200 high impact development schemes would be completed by 2023 across the province.

“More than 700 ongoing projects have been prioritised for completion over next two years.

The ongoing project portfolio will also prioritise high impact projects, while the high priority projects will be added to the new projects portfolio,” he said.

Talking to reporters here two days ago, finance minister Taimur Saleem Jhagra highlighted key features of the next budget and said it would have the most ambitious development agenda in the history of the province with record allocation for the ADP and total development budget.

He said the government was also focusing on prioritising social sector investment with the largest ever budgets for the education and health sectors.

Mr Jhagra said the government was also committed to increasing the minimum wage to Rs21,000 and making record allocations to ensure provision of subsidised flour and Sehat Card Plus scheme.

He said all government employees under BPS-19 would get pay raise of 25 per cent or more.

Mr Jhagra also said the provincial government was going to set an ambitious revenue target of Rs75 billion own source revenue, which was 50 per cent more than the target for the last year.

He said the budget would also focus on unleashing the province’s comparative advantage through flagship investment in energy, tourism and information technology departments.

Meanwhile, the Peshawar police have made a plan to ensure security on the budget day.

A statement issued here said around 400 police personnel would be deployed around the assembly building and surrounding areas for the budget session.

The bomb disposal unit and ‘canine unit’ will also be deployed and strict checking will be ensured on roads leading to the assembly building.

APP adds: Speaker of the Khyber Pakhtunkhwa Assembly Mushtaq Ahmad Ghani on Thursday issued an order banning the entry of all kinds of visitors and guests to the assembly building during the budget session beginning today.

The order was issued due to the prevailing security situation and to control the third wave of Covid-19 in the province.

According to the order, the security staff of the assembly’s secretariat was told to remain vigilant and not to allow irrelevant persons accompanied by the MPAs except their drivers to the assembly premises during the entire budget session.

The cooperation of the assembly’s members was also sought for the purpose.

Published in Dawn, June 18th, 2021

Opinion

A decade of change & stagnation
Updated 20 Sep 2021

A decade of change & stagnation

Over a decade, three more women out of 100 aged between 19 and 39 have acquired college degrees, compared to only two more men.
All about life
Updated 20 Sep 2021

All about life

There is no shortage of issues on which the Single National Curriculum has stirred controversy.
‘Honourable men’
20 Sep 2021

‘Honourable men’

Is it ambition to support our athletes only after they bring us glory?
Concerns of proxy wars
Updated 19 Sep 2021

Concerns of proxy wars

A lobby in the US favours a plan for proxy warfare so that America can sustain its global influence.

Editorial

20 Sep 2021

Banking for women

AS the old adage goes, the proof of the pudding is in the eating. How far the new State Bank initiative —...
Off the red list
Updated 20 Sep 2021

Off the red list

There are aspects of coronavirus management, especially by developed nations towards those less so, that smack of discrimination.
20 Sep 2021

Exciting frontiers

HISTORY was made on Wednesday at the Kennedy Space Centre in Cape Canaveral. It was not the launch of the first, or...
Talking to the Taliban
Updated 19 Sep 2021

Talking to the Taliban

PRIME Minister Imran Khan has announced that he has started a dialogue with the Taliban for the formation of a...
New Zealand’s departure
Updated 19 Sep 2021

New Zealand’s departure

THERE was chaos and despair when New Zealand decided to call off their tour of Pakistan barely minutes before the...
19 Sep 2021

Crucial polio campaign

THE national vaccination campaign that kicked off in Khyber Pakhtunkhwa on Friday is being described by experts as...