Rs.15.242 billion budget presented for GB

GILGIT: The Pakistan Peoples Party Government presented Rs.15.242 annual budget of Gilgit-Baltstan as Finance Minister Muhammad Ali Akhtar read out the budget speech in a live telecast session which also witnessed boycott of the opposition benches but withdrawn soon. The budget session began with recitation of Holy Quran as Speaker Legislative Assembly Wazir Baig presided over the session. The minister said Rs.8170.632 million are allocated for non-development activities while Rs7268.632 million will be development budget.

The Minister said there were numerous measures to provide relief to the common masses and employees.
He said the salaries of employees were doubled 50 per cent and salaries of Police force was doubled.
He said there was an increase of 100 per cent increase in medical allowance of employee from BS1 to 15 while the raise in medical allowance was 15 per cent from Bs 16 to 22.

The Minister said during the current fiscal year the government had created 3000 vacancies by freezing administrative expenses while 1500 vacancies are being created in next fiscal year.

The Finance Minister said that 23.86 of the total non-development budget will be specified for the education sector while 9.71 percent on health sector.

The Minister said that the expenditure on employees will be Rs.5000 while Rs2579 million is allocated for the salaries of employees. The budget statistics as disclosed by him revealed that Rs.600 million for the pay of officer, RS.1919 million for pay of staff, Rs.2322million for regular allowance and Rs. 97 million for other allowances were allocated.

He continued to unfold that Rs.1646 million for the establishment expenditure and RS.1 million as privileges of retired employees, Rs.232 million as recoverable loans as well as subsidies. In fine, he said, the total allocation is Rs8170 million in this regard.

The Minister said Rs.11.187 million allocated for civil works while 1194 million for the maintenance and look after of the bridges and roads and salaries of the employees will also be paid from this amount.
The Finance Minister said the employees of GB Civil Secretariat, Chief Minister Secretariat, and governor secretariat will have the utility allowances as per their entitlement during the next financial year as there is allocation for this purpose.

The Minister said the target for revenue has been set Rs.250.723 million.

Mr. Akhtar said the GB government after consultation with Federal Finance Ministry, State Bank and other concerned institutions has made functional the GB government consolidated account and the non-development budget will be deposited in this account for the first time as the main branch of National Bank will play role of agent of the State Bank.

The Minister said the world bank has prepared the economical report of the GB which is a guidance for the area.

The Finance Minister said the worst floods hindered execution of the PSDP programme and all mega projects could not be completed in time.

The Finance Minister said total size of GB development also included Rs1192.788 million for 13 projects.
The Minister said 67 percent budget of the development was allocated for 473 projects remaining 33budget to 90 new schemes. The power sector given top priority by allocated 30 percent budget of annual development plan followed by Transport and Communication and Physical and Social Sector with 21 and 10 per cent respectively.
The Minister disclosed new project of “ Sairab GB” will be initiated to irrigate the region while a mega project will be launched for the clean drinking water.

The Finance Minister said the size of block allocation is 6.10 billion and out of this amount Rs4.70 billion will be spent on execution of all uplift projects while 33 percent of the this amount Rs.2 billion is allocated for identification of new projects.

The Finance Minister said the government will spent an amount of Rs.40.35 million rupees on youth while A Rs.40 million project for media uplift was also included in the budget. He disclosed that Gilgit and Sakrdu Development Authorities will be launched in the region for development.

The Finance Minister said a pilot mega project was in the budget for Sanitary and Sewerage System for Gilgit town and an amount of Rs1500 million would be spent on these projects.’

The Finance Minister said the GB will usher into a new era of development and prosperity due to the financial planning of GB government.

He said the development will be fast-paced on one side while the poverty will be reduced on other side and improve the living standard of the common people.

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