Peshawar: The Khyber Pakhtunkhwa authorities is going through a price range deficit of Rs. 131 billion with a price range of Rs. 900 billion through the present monetary 12 months.
Khyber Pakhtunkhwa Finance and Health Minister Timur Saleem Jhagra together with Information Adviser Ajmal Khan Wazir whereas addressing a pre-budget press convention stated that we’re getting ready price range in difficult circumstances, we face huge difficulties resulting from Corona virus.
He stated that the deficit is in income and expenditure, our price range shall be in deficit, the primary precedence is well being which shall be on the prime of the price range, we are going to give improvement price range realistically, we are going to give aid by eliminating double taxes and pointless taxes. , Development work will give attention to ongoing initiatives and repair supply can even be our precedence.
Timur Saleem Jhagra stated that the assets of the central and provincial governments have been diminished, the middle gave Rs 25 billion to the tribal districts in January and the province offered Rs 6 to eight billion to the tribal districts through the subsequent monetary 12 months. Our improvement price range shall be affected for which we’ve ready 4 draft budgets which shall be applied as per the circumstances. There must be a deficit in a 12 months which mustn’t come as a shock.
The Finance Minister stated that subsequent 12 months two to 2 and a half billion rupees shall be obtained month-to-month by way of electrical energy earnings. We have deliberate this 12 months in accordance with the income of 540 billion as an alternative of 611, this 12 months 40 billion for the tribal districts from the middle. Rs. Has been obtained. Due to non-availability of NFC award, the Center will proceed to offer funds for the tribal districts subsequent 12 months as nicely.
He stated that 15 billion has been obtained by way of energy earnings this 12 months, two and a half billion has been obtained by way of earnings for 2 energy initiatives, we are going to attempt to clear up this downside if the ability earnings are transferred instantly.