The Khyber Pakhtunkhwa government has presented a Rs1,332 billion “balanced budget” for the financial year 2022-23, including an allocation of Rs1108.9 billion for settled districts and Rs223.1 billion for merged tribal districts.
Presenting the incumbent government’s fourth budget on the floor of the Khyber Pakthunkhwa Assembly, Finance Minister Taimur Salim Jhagra announced an increase of 15% in salaries and a 16% rise in the pension of government employees.
He said the total development budget of KP was Rs418.2 billion, including Rs319.2 billion for settled districts and Rs99 billion for merged tribal districts.
Regarding revenue and receipts collection, the minister said that total receipts were estimated at Rs1,332 billion, including Rs750.9 billion to be collected from federal taxes receipts and Rs68.6billion as one per cent share of the divisible pool on the War on Terror.
He said Rs31 billion would be collected through oil and gas royalty and surcharge and Rs61.9 billion through net hydel power in accordance with 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 programme assistance (FPA) for settled districts and Rs208.7 billion grants for merged tribal districts besides Rs212.7 billion receipts through other resources.