PaK govt to present budget 2015-16 today

Pakistan administered Kashmir (PaK) government will present budget 2015-16 in the Legislative Assembly here on Monday.
PaK govt to present budget 2015-16 today
Representational Picture

Pakistan administered Kashmir (PaK) government will present budget 2015-16 in the Legislative Assembly here on Monday.

According to official sources, total volume of budget is Rs 68 billion, of which Rs 56.5 billion have been proposed for non-developmental or recurring expenditures and Rs 11.5 billion for developmental activities.

As many as 29 per cent of the total budget allocations (recurring and development) has been proposed for education sector and eight per cent for health sector, while 41 per cent of the Annual Development Programme (development budget) has been earmarked for communication and works sector and 11 per cent for power sector.

In the current year's budget the government had proposed Rs 51.5 billion and Rs 10.5 billion for recurring and developmental expenditures, respectively.

However, the recurring expenditures have increased to Rs 55.424 billion, raising the current year's budget deficit to Rs 10.521 billion.

On Monday, the government will also present revised budget for the ongoing fiscal year before the legislature, with a total volume of Rs 65.924 billion as against Rs 62 billion.    

It may be mentioned here that it's the fourth budget of the Peoples Party government in PaK. It will be presented by Minister for Finance, Planning and Development Chaudhry Latif Akbar.

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