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KP presents Rs 1.118 Trillion ($7.2b) budget for FY2021-22

hydrabadi_arab

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PESHAWAR: Khyber Pakhtunkhwa (KP) Finance Minister Taimur Khan Jhagra unveiled on Friday the provincial budget 2021-22 with a total outlay of Rs1.118 trillion.

Taking to Twitter after presenting the budget in the provincial legislature, Jhagra said: “Pakhtunkhwa has fulfilled its promise with the Government employees; a record increase of more than 37% in pay and allowances, while also providing a handsome housing allowance in line with @ImranKhanPTI vision of housing for all.”


According to the budgetary document, all government employees will get 10% ad-hoc relief allowance, 20% increase in functional or sectoral allowance (for those who are not drawing any special allowance), and 75 minimum increase in housing allowance.

The KP CM’s special assistant on information tweeted: “A moment of pride for Khyber Pakhtunkhwa to come up with its 1st ever budget to cross the trillion rupee threshold. Budget for 2021-22 comes as development-focused budget with an increase in development funds reaching 371B pkr.”

He said major tax reliefs have been announced in the budget 2021-22, including 0% agriculture land tax and professional tax beside high rebates and amnesty schemes for tax-payers.

 

RealNapster

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KP needs to start taxing houses larger than 20 Marla. Here the concept of large houses is very common which is negatively effecting agricultural land.
 

Falcon26

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KP’s budget almost matches Sindh’s budget even though the population of KP is much smaller.
 

hydrabadi_arab

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KP’s budget almost matches Sindh’s budget even though the population of KP is much smaller.
Hydro/gas oil royalties and 1% extra NFC for war on terror make the difference. Thats why on per capita basis KP budget is much higher then Punjab.

KP alone produce 50% of Pak hydro power, 20.8 billion units as of last year.
 

RealNapster

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KP’s budget almost matches Sindh’s budget even though the population of KP is much smaller.
The population difference is only 10-11 million. While difference in budget is almost 280 billion. 280 billion difference for 10-11 million population is not less in any term.
 

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