KP allocates Rs111bn for education in provincial budget
The KP government allocated Rs111 billion for promotion of education sector which is the biggest allotment after development program for financial year 2016-17.
Presenting the budget in the provincial assembly, Finance Minister Muzaffar Said Advocate said the province will receive Rs293 billion from the federal divisible pool which is 17 percent more than the amount received in the outgoing fiscal year.
Muzaffar Said Advocate said Rs125 billion billion have been allocated for Annual Development Programme. Over 1, 500 development projects will be completed in fiscal year 2016-17.
The province will also get Rs35 billion from the federal government for war on terror, about Rs19 billion as net-profit of hydel power generation and Rs17 billion as royalty of oil and gas.
He said about Rs33 billion have been earmarked for improvement of law and order situation and eliminating the menace of terrorism.
The finance minister said Rs38 billion will be spent on improvement of health services which is about 28 percent more than the outgoing fiscal year.
About 15, 000 Lady Health Workers and Vaccinators will be recruited in the next financial year. Rs1.6 billion will be spent on social welfare and women development.
He said eight billion rupees will be spent on the promotion of agriculture and two billion rupees on industrial development.
The ratio of several taxes including registration fee of vehicles has been enhanced.
Earlier, the provincial cabinet in its meeting in Peshawar approved the budgetary proposals for the new fiscal year. The assembly session started at 16:00 PST.