Abb Takk News

AJK Govt To Present Budget For Fiscal Year 2021-2022 Today

Muzzafarabad: Azad Jammu and Kashmir government will present its final budget for the next fiscal year today (Wednesday).

AJK Minister for Finance Dr Najeeb Naqi will present the budget in the Legislative Assembly.

According to the budget document, Rs28 billion have been proposed for the annual development package, which is 15% higher as compared to the FY-2020-21. Rs113.4 has been embarked for the non-development expenditures.

Rs 10 billion have been proposed for the transport and communication sector.

It will be the last budget of the incumbent AJK Prime Minister Raja Farooq Haider Khan-led PML (N) AJK government, which is competing its stipulated 5-year constitutional term next month whereas the general elections for the 53-seat of Azad Jammu Kashmir Legislative Assembly are scheduled to be held on July 25.

So far, the federal government, Punjab and Sindh provinces have unveiled their budget proposals with no additional taxes.