PESHAWAR: The Khyber Pakhtunkhwa budget for new fiscal year amounting to six hundred and three billion rupees was announced on Wednesday.
Presenting the budget in the provincial assembly in Peshawar this afternoon, Finance Minister Muzafar Said Advocate said the province will receive three hundred and twenty six billion rupees from the federal divisible pool which is eleven percent more than the amount received in the outgoing fiscal year.
The province will also get more than thirty nine billion rupees from the federal government for the war on terror. This is also eleven percent more than the amount received in the financial year 2016-17.
It will get over twenty four billion rupees as royalty of oil and gas reflecting forty three percent increase as compare to the amount received in the outgoing fiscal year.
Muzafar Said Advocate said that Khyber Pakhtunkhwa will get twenty point seven eight billion rupees as net profit of electricity and fifteen billion rupees as arrears of the net profit.
The province’s own receipts have been estimated at forty five point two billion rupees.
The finance minister said two hundred and eight billion rupees have been allocated for the Annual Development Programme showing an increase of twenty nine percent as compare to the ADP of outgoing fiscal year.
One hundred and twenty seven billion rupees have been earmarked for the promotion of education. Over four hundred new primary schools will be opened across the province besides recruitment of fourteen thousand teachers.
Forty nine billion rupees have been proposed for enhancing health facilities. Special efforts will be made to eradicate polio from the society.
Muzafar Said Advocate said about forty billion rupees have been proposed for police which will help in the improvement of law and order situation.
He said about four billion rupees have been proposed for irrigation and over two billion rupees for technical education and training.
Over six billion rupees will be spent on rehabilitation and repair of roads, bridges and government buildings.
Muzafar Said Advocate said a number of hydel power stations will be completed in different districts which will generate 1533 megawatt electricity.
Eight thousand schools, four thousand mosques and about two hundred basic health units will be converted to solar power system.
The Finance Minister said work on Rapid Bus Transit Project Peshawar will be launched in August this year. It will be completed at cost of fifty three billion rupees in eight months.
He said four economic zones one each in Nowshera, Dera Ismail Khan, Karak and Mansehra will be established under China Pakistan Economic Corridor. He said the federal government has approved lying of a railway line between Kohat and DIK and construction of Chakdara-Gilgit road via Chitral under CPEC.
Muzafar Said Advocate said twenty eight billion rupees will be provided to district governments in the new financial year for initiating development schemes.
He announced ten percent increase in pay and pension of the government servants and merger of adhoc relief of 2010 in the basic pay.
Earlier, the provincial cabinet which met in Peshawar under chairmanship of Chief Minister Pervez Khattak approved the budget expenditures of 2017-18.
The opposition boycotted the budget speech of the Finance Minister to protest against discrimination in allocation of funds for development schemes in their constituencies.—Radio Pakistan