PESHAWAR: The Khyber Pakhtunkhwa budget for the fiscal year 2022-23 will be unveiled on Monday (today) with the allocation of Rs 350 billion for development.
Acting Governor Mushtaq Ahmad Ghani has convened a special session of the House for the purpose. Provincial Minister for Finance Taimur Salim Jhagra will present the budget at the assembly session to be held at 2 PM.
The government employees may get a 15 percent raise in salaries as Rs 440 billion has been allocated for salaries, while pensioners could receive a 5 percent hike as the pension bill has been put at Rs 105 billion.
Allocations of more than Rs222 billion have been suggested for the merged districts as the province expects to get Rs68.50 billion.
The share from federal taxes is expected to be Rs 550 billion, more than Rs30 billion on account of royalty on oil and gas and over Rs61 billion as net hydel profit.
The budget documents showed over Rs80 billion revenue target was expected to be achieved from provincial taxes while Rs90 billion in foreign aid has been included in the budget.
According to reports, the development program includes 2,194 development projects and the government would complete 2,128 projects with its own resources. Around 66 projects to be implemented with foreign aid and loans worth Rs 93.18 billion
A sum of Rs. 60.39 billion has been allocated for construction of most roads, 48.39 billion for multi-sector development, Rs. 41.80 billion for local governments, Rs. 28.78 billion for energy and electronics Rs. 28 billion, 659 million for health, Rs. 20 billion, 511 million for primary and secondary education, and Rs. 19.69 billion for sports, tourism, culture, archeology and youth affairs.
