PESHAWAR: KP Chief Minister Mahmood Khan has termed the provincial budget for financial year 2021-22 as tax-free as no new tax has been levied rather historical exemptions have been granted to various sectors in it.
In his reaction to the provincial budget, he said that despite difficult financial situation, the provincial government did not compromise on the developmental portfolio and Rs. 370 billion has been allocated for the developmental projects which is 33% of the total budget.
He said that budget for financial year 2021-22 as balanced, pro-poor and a historic budget and said that this is the largest budget in the history of Khyber Pakhtunkhwa. He said that all possible efforts have been made to provide maximum relief to the common man in the budget. The chief minister that all the sectors have been fully focused in the budget which on implementation, would bring about a new era of development in the province and visible positive change in the lives of the masses.
He said that special focus has been given to the ongoing developmental projects of public welfare so as to complete these projects well in time for which 80% of the developmental budget has been allocated. He added that enhancement of development portfolio, reforms in provincial taxes, increase in the salaries of government employees and pensioners, relief to farmers, honorarium for Aaima-e-Karam, enhancement of education and health sector budget, increase in the monthly wages of daily wagers, subsidy for providing wheat flour on cheaper rates to public, food basket program for deserving people were the some important relief initiatives proposed in the budget. He said that Rs. 20 billion had been allocated for food basket program and wheat flour for subsidy.
Copyright Business Recorder, 2021