AJK govt fails to unveil budget for FY 2021-22

The Azad Jammu Kashmir government (AJK), on Wednesday, failed to unveil the budget for financial year (FY) 2021-22 as the cabinet did not reach consensus on some of the proposals. 

The Minister for Finance Dr Najeeb Naqi was scheduled to unveil the budget for FY 2021-22 with a total outlay of Rs141.4 billion today.

According to the issued details, around Rs28 billion have been proposed for the annual development package, 15 percent higher as compared to the FY-2020-21, while Rs113.4 has been embarked for the non-development expenditures. Rs 10 billion have been proposed for the transport and communication sector.

Moreover, as the 5-year constitutional term of PML-N led government in AJK will end, this budget is expected to be the last for the incumbent setup. 

It is pertinent to be stated here that the general elections for the 53-seat of Azad Jammu Kashmir Legislative Assembly are scheduled to be held on July 25.

Earlier, the federal government, and provinces including Punjab, and Sindh have unveiled their budget proposals successfully. 

Article source: https://nation.com.pk/16-Jun-2021/ajk-govt-fails-to-unveil-budget-for-fy-2021-22