Peshawar: Khyber Pakhtunkhwa Finance Minister Humayun Khan on Friday presented Rs300 billion provincial budget for fiscal year 2012-13.
The minister in the budget speech he announced to increase salaries of government employees by 20 percent.
He said that the government had allocated money for 940 development projects.
He said a sum of Rs87 billion would be allocated for the annual development programme (ADP), adding that Seventy percent of ADP amount would be spent on the ongoing projects while the remaining would be spent on new projects.
He said that 296 new projects would be completed in next fiscal year.
According to budget document, the current budget of the province has been increased by 29 percent in 2012-13 from year 2011-12 while the salary budget has increased at an alarming rate of 34 percent because of the intensified recruitment. Allocation of pension has shown an increase by 35 percent while the operational budget of the Government has increased by 27 percent, whereas, debt servicing has been reduced by 10 percent.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription