AJK Budget 2015-16 Full Detail View. Muzaffarabad: The Azad Jammu & Kashmir (AJK) Government on Monday 15th June 2015 announced a tax-free and dearth budget of Rs 68 Billion with provision of 11.5 billion for development projects. AJK Minister for Finance and planning Chaudhary Latif Akbar while present the Budget in the governmental Assembly.
He said all the government employees and pensioners would get the increase in their salaries and pension as announced in the Federal Budget.
AJK Budget 2015-16 Full Detail View
An amount of Rs 56.5 billon has been to be paid for current expenditures in the next fiscal year’s budget as compared to an amount of Rs 53 billion in the present fiscal year’s budget.
Agriculture And Live Stock Section
Giving the details of sub-head allocations in the expansion budget of coming fiscal year, he said an amount of Rs 260.2 million was allocated for agriculture and live stock section as compared to the amount of Rs 230.7 million in the current fiscal year’s budget.
Civil Protection And Education
He said Rs 50 million were allocated in the budget of fiscal year 2015-16 for the civil protection, Rs 150 million for development Authorities of cities, Rs 1.5 Billion were allocated for education as compared to the amount of Rs 799.5 million in the recent fiscal year budget.
A sum of Rs 50 million have been allocated for environmental defense Agency in fiscal year 3015-16 budget as compared to the amount of 20 millions in this head in the current fiscal year’s budget and Rs. 600 million were to be paid for the ongoing foreign aid projects as compared to the Rs 100.5 million rupees of current budget, Akbar added.
He said Rs 400 million were to be paid for the forest, fisheries and wildlife department in the coming fiscal years budget while
Health department would get Rs 340 million in the next fiscal year’s budget as compared to the amount of Rs 280 million in the present budget.
Industries And Mineral Resources Department
Industries and Mineral resources department will entertain an amount of Rs 179 million in the next fiscal year’s budget as compared to the amount of Rs 150 million in the present fiscal year’s budget.
Information department will get Rs 10 million, information technology department Rs 125 million, Local governments Rs 800 million, Physical planning and housing department Rs 780 million and transport department will receive an amount of Rs 25 million.
Transportation And Communications
In the development expenditures head, a huge amount of Rs 4.79 billion has been allocated for the transportation communications and buildings in the coming fiscal year’s budget while Rs 3.5 billion will be provided to State analysis and renewal .
Authority (SEERA) during the coming fiscal year.
Giving details of income heads of the government, the Finance Minister said during the coming fiscal year, an amount of 16.56 billion was estimated from the state resources, Rs 780 million were expected as royalty of Mangla Dam, distribute from the federal taxes was estimated Rs 16.75 billion and share from the Kashmir Council taxes was estimated Rs 13 billion.
He said during the next fiscal year, a green cab scheme worth Rs 25 million will be implemented by the AJK government with the aim to provide employment opportunities to the youth.
World Bank and Asian Development Bank Projects
He further said the government was planning to implement different projects worth Rs 8.5 billion with the assistance of World Bank and Asian Development Bank to restore the flood affected infrastructure.
Explaining some positive features of the Budget, the Minister said the allocation in the production sector has been increased by 7 per cent.
He said allocation for basic infrastructure has also been increased by 8 oer cent besides increasing allocation for the social sector by 19 percent APP. Read More
AJK govt unveils Rs 68 bln tax-free budget 2015-16 Urdu Detail