Search

KP cabinet approves Rs900b budget 2019-20 with no new tax

Rs162bn allocated for newly merged tribal districts in KP budget | 12pc decrease in salaries of CM KP and Provincial Cabinet members | 15% reduction in standard taxes rate on 28 out 58 total taxable services for KPRA
APP
PESHAWAR
Provincial Finance Minister Khyber Pakthunkhwa Taimur Khan Jhagra Tuesday presented Rs900 billion tax free surplus budget for the year 2019-20, carrying Rs319blliion development program, promising fast pace development of the province with record allocations.
Presenting the annual budget in the KP Assembly amid uproar by the opposition benches protesting non issuance of production order of former President Asif Ali Zardari, the provincial finance minister said that of the total budget outlay Rs693 have been allocated for the old districts and Rs162 billion for the merged districts of the province showing Rs45 billion surplus.
The Rs319billion ADP is short of Rs31bn of the total development of program of Punjab, and over Rs34 billion of Sindh province, he said adding Rs236 billion have been allocated for the development program in settled districts and Rs83billion for the merged areas.
The Minister finance announced five percent adhoc relief in the salaries of the employees from BPS-17 to 19 and ten percent same relief for the employees from BPS-16 and downward.
The Finance Minister also announced 12 percent reduction in the salaries of the cabinet members and said that due to tough economic condition the government was in no position to increase salaries of the employees of BPS-20 to BPS 21. Similarly the salaries of the civil servants posted against positions with additional allowance will also not be increased.
The Government he said saved Rs95 billion through austerity during the outgoing fiscal year enabling to enhance the development program of the province.
Tribal districts
The Khyber Pakhtunkhwa government has increased annual budget for newly merged tribal districts from Rs. 55 billion to Rs. 162 billion in this year provincial budget with an aim to bring them at par with other developed districts of the province.
Khyber Pakhtunkhwa Finance Minister Taimur Khan Jhagra presenting budget in the provincial assembly here on Tuesday said that budget increased also include Rs. 83 billion for ten years development plan for the newly merged districts.
In his budget speech, Finance Minister said that Rs. 24 billon have been allocated for 17000 vacant posts and regularization of Levies and Khasadar force.
He said that Rs. 49 billion has been increased in Annual Development Plan which is now Rs. 83 billion for merged districts.
Finance Minister expressed his happiness that Khyber Pakthunkhwa government had fulfilled its promise of providing Rs. 11 billion and federal government Rs. 72 billion, thus pledge of providing 3 % of NFC to newly merged tribal districts has been implements and fulfilled as promised.
He also thanked armed forces who voluntarily reduced their budget and included their share in development of tribal districts, adding this sprit is real identity of Pakistan.



--!>

Stokes plays down redemption talk after World Cup heroics

--!>