Caretaker KP govt approves over Rs462 billion budget for four months of FY 2023-24

Caretaker KP govt approves over Rs462 billion budget for four months of FY 2023-24

Peshawar (Web Desk): The caretaker Khyber Pakhtunkhwa (KP) government on Tuesday approved the budget of over Rs 462 billion for first four months of fiscal (FY) year 2023-24.

The budget was approved in the cabinet meeting with caretaker chief minister Muhammad Azam Khan in the chair.

Later talking to media in Peshawar this afternoon, Advisor to caretaker chief minister on finance Himayatullah said that Rs309 billion have been set aside for settled districts and Rs40 billion for merged districts in the budget.

He said the government has allocated more than Rs51 billion for settled areas while Rs8.6 billion for merged districts under the Annual Development Program (ADP).

Himayatullah Khan said that Rs350 billion have been sanctioned for non-developmental expenditures while Rs112 billion for developmental expenditures.

The advisor announced 35% adhoc relief allowances in salaries of government employees from BPS 1 to 16 and 30% for BPS-17 and above.

He said that the provincial government has approved 17% increase in pensions of retired employees.