AJK govt tables budget 2022-23 with outlay of over Rs163 billion 

MUZAFFARABAD, June 25 (SABAH): Azad Jammu and Kashmir (AJK) government has presented the budget for the next fiscal year 2022-23-023 with a total outlay of over 163 billion rupees in Legislative Assembly in Muzaffarabad on Saturday.

Finance Minister AJK Abdul Majid Khan presented the first budget of the Pakistan Tehreek-e-Insaf (PTI) led government in AJK.

The government has allocated a total development budget of Rs28.50 billion, an increase of over Rs2 billion from last year’s budget.

An increase of 15% in pensions and salaries of government employees has been announced. 

Presenting the budget, Minister for Finance Abdul Majid Khan said total revenue has been projected to the tune of over 170 billion rupees. He said 135 billion rupees have been proposed for ongoing expenditures while 28.50 billion rupees for new development schemes.

The Finance Minister said 62 percent funds have been proposed for ongoing 389 schemes while 38 percent for 263 new schemes.

He said that 69 percent of the ADP will be spent on the development of infrastructure, 12 percent on the production sector, and 19 percent on social sector schemes.