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AJK govt presents over Rs 108 bn budget for next financial year


The Azad Jammu and Kashmir government presented over Rs108 billion budget for the fiscal year 2018-19, reported

Today, Minister for Finance Dr Najeeb Naqi presented the budget in the house.

Presenting the budget he said over Rs25 billion have been allocated for the development sector showing an increase of ten percent as compared to recurrent budget. Over Rs82 billion have been proposed for the non-development expenditure.

The Finance Minister said 71 percent funds have been proposed for the completion of ongoing projects while 29 percent for new 201 projects.

Over Rs10 billion have been allocated for communication sector under which 435 kilometer long link roads would be constructed and developed.

Earlier, the cabinet presided over by AJK Prime Minister Raja Farooq Haider Khan approved budget proposals for 2018-19 and revised budget estimates for 2017-18.