June 30, 2021
MUZAFFARABAD: The Azad Jammu and Kashmir presented a tax-free Rs141,400 million budget for the next financial year on Tuesday.
The budget proposes the development outlay of Rs28,000 million which is 14pc more than that of the outgoing financial year while non-development expenditure has been estimated at Rs 113,400 million. Presenting the budget in the house, Azad Kashmir Finance Minister Dr. Najeeb Naqi said that next financial year s budget had been made after complete financial planning to project maximum resources for the overall development of the region.
He said 66pc of the developmental budget would be spent for the completion of 176 projects while work on 209 projects would start during the next financial year. He announced 10pc ad hoc relief in the pay and pension of employees while a 25pc disparity reductions allowance has also been proposed in the budget. Explaining the strategy of the developmental budget he said top priority had been given to the commun
Tax-free AJK budget worth Rs 141,400 million announced
June 30, 2021
The PML-N led AJK government Tuesday presented a tax-free budget for fiscal year 2021-22 here in the AJK State Legislative Assembly.
The budget provides the development outlay to the tune of Rs 28,000 million which shows 14 percent increase against the current financial year allocations while non development expenditure has been estimated to Rs 113,400 million.
Presenting the budget in the house, Azad Kashmir Finance Minister Dr. Najeeb Naqi said that next financial year’s budget had been prepared after complete financial planning to project maximum financial resources for the overall development of the state.
No new taxes in Azad Kashmir’s Rs141bn budget
June 30, 2021
MUZAFFARABAD: The Pakistan Muslim League-Nawaz-led (PML-N) Azad Jammu and Kashmir (AJK) government on Tuesday presented a “tax-free” Rs141,400 million (Rs141 billion) budget for fiscal year 2021-22 here in the AJK State Legislative Assembly.
The budget provides a development outlay to the tune of Rs28,000 million (2.8 billion) which shows a 14 per cent increase against the current financial year allocations while non-development expenditure has been estimated to Rs113,400 (113.40 billion).
Presenting the budget in the house, Azad Kashmir Finance Minister Dr Najeeb Naqi said the next financial year’s budget has been prepared to project maximum financial resources for the overall development of the state. He said 66 per cent of the developmental budget would be spent for the completion of 176 developmental projects while the work on 209 developmental projects would also be started during the next financial year.
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