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PESHAWAR: Caretaker Khyber Pakhtunkhwa cabinet will meet on Tuesday (today) to approve the four month provincial budget of next fiscal year.
The provincial cabinet meeting will be chaired by Caretaker Chief Minister Muhammad Azam Khan. The cabinet will also sanction an annual development program for four months starting from July 2 to October 31 of the current year.
The estimated outlay of the budget will be Rs462.16 billion. Out of the total budget, Rs59.54 billion have been earmarked for the tribal districts while Rs402.61 billion have been allocated for the remaining districts.
The government has earmarked Rs112.11 billion for ongoing development projects. Furthermore, Rs43.33 billion have been allocated for the annual development programme of the districts.
It has been recommended to allocate Rs8.66 billion for local governments. Moreover, Rs309.49 billion have been allocated for the ongoing expenses of the districts.
READ MORE: Caretaker Punjab cabinet approves budget FY2023-24
In terms of salaries, the budget proposes allocating Rs192.97 billion, Additionally, Rs42.36 billion have been allocated for pension payments.
Furthermore, it is suggested that the monthly wages be increased from Rs26,000 to Rs32,000. It is proposed to increase the salaries of employees in grade 1 to 16 by 35%, while employees in grade 17 and above may get a 30% increase.
According to the budget document, retired employees’ pensions are expected to be raised by 17.5%, and the deputation allowance may see a 50% hike. The government has allocated Rs1 billion as a subsidy for the Bus Rapid Transit (BRT) project.
