A budget with a total outlay of Rs44.5 billion for the fiscal year 2011-12 was presented in the Azad Jammu and Kashmir Legislatives Assembly on Monday.
AJK Finance Minsiter Abdul Rasheed Abbassi presented the budget. The outlay is 34 per cent higher than the previous budget.
According to the budget document, Rs36.26 billion have been allocated for non-development projects and only Rs8.28 billion for development projects.
The Ministry of Kashmir Affairs will give Rs2.5 billion to the AJK government.
More than Rs260 million will be spent on health sectors, Rs10 billion for the reconstruction in quake-affected areas, and Rs550 million for hydel sector.
Seven new power generation projects will be started during the year 2011-12 and Rs251 million of income is expected to come from hydel sector. From the budget, Rs800 million have been set aside for road construction.
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