KP Govt Presents Rs1.118 Trillion Budget For Next FY 2021-22
Finance Minister Taimur Khan Jhagra has read the budget of next fiscal year-2021-22, announcing overall 37 per cent increase in the salaries of the government employees.
He also announced that an increase in pensions of widows by 100 percent was also proposed in the next year’s budget.
The minister also announced increase in the rent house for the government employees by seven per cent. Mr Jhagra said that they had also increased house rent for government employees by seven percent, he said adding that the government has already saved Rs 12 billion under an initiative to extend the time period of early retirement.
The minimum wage for labourers was also increased to Rs21,000.
He said that the province would receive Rs475 billion in terms of tax collected by the Federal government while Rs57.20 billion would be received under grant owing to the terrorism-affected status of the province.
The finance minister said that the government is providing health facilities to the 7.2 million population of the province through health cards and Rs23 billion would be spent on the facility in the next year.
The overall outlay for the KP budget is estimated at Rs1.118 trillion with Rs316 billion earmarked for the development portfolio. An amount of Rs250 billion was earmarked for the ‘Bandobasti’ districts of the province.