Peshawar: Caretaker Khyber Pakhtunkhwa government has prepared a budget of 1400 billion for the new financial year, 462 billion for current expenses, 112 billion for development projects, 102 billion for arranged districts and 59 billion for tribal districts, 35 billion for salaries. Percentage and pension will be increased by 17%.
According to Express News, the caretaker Khyber Pakhtunkhwa government has prepared a budget worth more than 1400 billion for the new fiscal year 2023-24, but the caretaker government will present only four months of budget, which will be presented tomorrow. Finance Minister Bakhtullah Khan will present the budget in a press conference after approval from the provincial cabinet tomorrow.
Salary
In the budget, 192 billion 978 million rupees for salaries, 42 billion 361 million rupees for pension, 35 percent increase in salaries of employees from grade 1 to 16 have been proposed. Similarly, a 30% increase in the salaries of Grade 17 and above employees has been proposed.
Minimum wage
It is proposed to increase the minimum monthly wage of the laborer from 26 thousand to 32 thousand rupees.
Pension
It is proposed to increase 17 and a half percent in pension of retired employees, 50 percent in deputation allowance, 100 percent in secretarial performance allowance of employees, 100 percent in convention allowance of disabled employees.
In the budget, the ration allowance of police officers will be increased, it is proposed to ban the purchase of government vehicles.
Arrangement Districts
According to the budget document, 402 billion 61 crore and 70 million rupees have been allocated for the planned districts, in which 43 billion 333 million rupees are allocated for the annual development program of the planned districts, and 8 billion 66 crore 7 million rupees for the local governments of the planned districts. It is proposed to keep Rs.309 billion 49 crore 80 lakhs for ongoing expenditure of Rs.
Merged Tribal Districts
59 billion 543 million rupees have been allocated for the merged tribal districts, in which it is proposed to keep 8 billion 667 million rupees for the annual development program.
BRT
In the budget, it is proposed to keep one billion rupees as subsidy for BRT.
The budget proposes to exempt former FATA and PATA from taxes for another two years, no new tax will be imposed in the budget, on recruitment, purchase of new vehicles and renovation of government offices and residences. The ban will continue.
Sources have told that in this budget also the taxes and their rates imposed by the previous provincial government will be maintained, the exemption of houses up to 5 marla in property tax will be removed and tax will be collected from houses of 3 marla.
In the provincial headquarters, a tax of Rs. A property tax of Rs 500 to Rs 800 per year will be collected on residential houses in the areas.
500 to 600 rupees in district headquarters, 2500 rupees per annum from class A houses in the provincial capital, 2400 rupees per year from class B houses and 2200 rupees per year from class C houses.
2200 to 2400 rupees per annum on residential houses of 5 to 10 marles in divisional headquarters, 1100 to 1400 rupees in other areas of divisional headquarters.
1200 rupees in the district headquarters while in other areas of the district headquarters 700 to 900 rupees per annum property tax will continue to be collected, 10 to 15 marla houses Rs. Rs.3000 per annum will continue to be collected from Grade C.
1600 to 3000 rupees in other areas of divisional headquarters, 1500 to 1600 rupees in district headquarters, while 800 to 900 rupees will be collected for residential houses in other areas of district headquarters.
In the provincial headquarters, from fifteen to eighteen marles, tax collection of Rs 4800, Class B Rs 4700 and Class C Rs 4500 per annum will continue.
Sources have said that the value of stamp paper will also be Rs 150 instead of Rs 100. According to the changes made in the development cess imposed on different types of tobacco, Virgina tobacco will be charged Rs 12 per kg, white safe will be charged Rs 6 cess. A tax of Rs 5 will continue to be levied on tobacco used in snuff.
Buildings owned by federal and provincial governments will be exempted from property tax, government buildings leased for profit will be subject to property tax based on annual rent, including mosques, churches, gurdwaras. Other religious places of worship will be exempt from property tax.
(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));