KP Govt presents Rs1,322b budget for year 2022-23.

PESHAWAR -- The Khyber Pakthunkhwa government has presented Rs1,332 billion balanced budget for financial year 2022-23 including an allocation of Rs 1,108.9 billion for the settled districts and Rs 223.1 billion for merged tribal districts.

Presenting fourth annual budget of KP Government at Khyber Pakthunkhwa Assembly's floor, Finance Minister Taimur Salim Jhagra said out of Rs 223.1 billion budget for merged tribal districts, Rs 124.3 billion were funded while the remaining amount would be given by federation and others provinces under committed funding. However, this amount was yet to be received.

The minister said the volume of current budget was Rs 913.8 billion including Rs 789.8 billion for the settled districts and Rs 124 billion for merged tribal districts. He said Rs 60 billion were funded for merged tribal districts and the remaining amount would be provided by federating units and centre under committed funding.

Taimur Jhagra said Rs 418.2 billion were allocated for development budget including Rs319.2 billion for uplift of settled districts and Rs99 billion for merged tribal districts, adding Rs383.5 billion were committed funding while remaining would be provided by the federation and provinces that was yet to be received.

Regarding revenue and receipts collections, the Minister said total receipts was estimated at Rs1,332 billion including Rs750.9 billion to be collected from federal taxes and Rs68.6percent as one percent share of divisible pool on war on terror.

He said Rs31 billion would be collected through oil and gas' royalty as well as surcharges and Rs61.9 billion through net hydel power formula in accordance of MoU 2015-16 and arrears. The Minister said Rs85 billion would be collected through provincial tax and non-tax revenue, Rs4.3 billion under the head of foreign program assistance (FPA) for settled districts and Rs208.7 billion grant for merged tribal districts. Out of Rs208.7billion grant for merged tribal districts, he said that Rs110 billion were committed grant to be received from center and federating units while Rs212.7 billion receipts through other resources.

The Minister said Rs447.9 billion would be spent on salaries including Rs372.1 billion in settled districts and Rs75.8 billion through merged tribal districts while Rs107 billion on pension including Rs106 billion in settled districts and Rs one billion in merged tribal districts.

Besides salaries, he said Rs247.4billion would be spent on O and M...

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