Rs139 billion tax-free AJK budget unveiled

By: INP      Published: 04:57 PM, 18 Jun, 2020
Rs139 billion tax-free AJK budget unveiled

Azad Jammu and Kashmir government on Thursday presented a tax-free budget for the fiscal year 2020-21 amounting to over 139 billion rupees.

Presenting the budget at Legislative Assembly in Muzaffarabad on Thursday, Minister for Finance Dr Najeeb Naqi said total revenue has been projected over 118 billion rupees while the ongoing expenses have been estimated at 115 billion rupees.

72 percent funds of the ADP have been proposed for the ongoing projects while 28 percent for the new schemes. 199 schemes would be accomplished during the next financial year.

The AJK finance minister said projecting Kashmir cause, maintaining good governance and achieving sustainable development are three top-most priorities of the AJK government.

He thanked the federal government for allocating funds for the development of liberated territory in spite of financial constraints.

A project costing over 3.64 billion rupees for the Indian firing affectees has been incorporated in the federal development programme. About 3 billion rupees have been proposed for the ongoing schemes under the Ministry for Kashmir Affairs.