Rs 488bn budget unveiled in KP

PESHAWAR: The Khyber Pakhtunkhwa government on Monday announced a Rs488 billion budget for FY2015-16 in the KP Assembly today.

5The budget, which is referred to as ‘poor-friendly’ by KP Finance Minister Muzafar Said, allocated a greater portion of funds to health and education.

A copy of the budget speech obtained by media said the total outlay for the FY15-16 budget is 21 per cent greater than that of the outgoing fiscal year.

Total current expenditure is estimated at Rs313bn, while total current revenue expenditure is estimated to be Rs298bn over FY15-16, and total development expenditure at Rs174.9bn.

The allocations for foreign project assistance and debt servicing both fell compared to FY14-15 estimates by 17.3pc and 0.8pc respectively.

Of the total outlay, 29pc or Rs142bn has been allocated to the Annual Development Programme – an increase of Rs42bn compared to FY14-15’s revised estimate of Rs100bn.

Rs 488bn budget unveiled in KP

source by daily mailnews .com

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Rs 488bn budget unveiled in KP

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