a day ago
- Business
- Business Recorder
KP govt presents Rs2.19 trln surplus budget 2025-26 with no new tax
The Khyber Pakhtunkhwa Government on Friday presented Rs2.119 trillion surplus budget for the fiscal year 2025-26 with no new tax and an increase of 10 percent in salary and seven percent in pension of its employees.
Presenting the annual budget, Finance Minister KP Aftab Alam said that the estimated annual expenditures for the new fiscal year would be Rs 1962 billion with a surplus of Rs157 billion.
Giving the break-up, the Minister said that government was expecting to get Rs 292.340 billion from the federal government for the merged tribal districts including Rs80 billion current budget grant, Rs39.600 annual development program, Rs50 billion under AIP, Rs42.740 billion as their share from other provinces and Rs17 billion for TDPs.
According to the minister, he said that Rs 3.293 billion would be received from PSDP, Rs 1506.92 billion from the federal receipts, Rs129 billion provincial owns receipts and Rs10.250 other receipts, Rs 291.340 million from merged districts receipts and Rs177.188 million from federal projects assistance.
He said that Rs137.912 would be collected through one percent of the divisible pool on war on terror, Rs. 57.115 billion as straight transfer under the head of gas and oil royalty, Rs 58.151 billion as windfall levy on oil, Rs 34.580 as net hydel profit current year and Rs71.410 as net hydel profit arrears.
He said that no new tax has been imposed in the budget; rather tax net base has been enhanced with Rs 83.500 billion tax receipts and Rs45.500 billion non-tax receipts for the new fiscal year.
Similarly, the other receipts of Rs 10.25 billion would include capital receipts of Rs 0.250 billion and Rs10 billion in other ways and means and Rs1.14 trillion as federal tax assignment.
