K-P to unveil FY25-26 budget on June 13

Sources say total outlay of K-P budget for next fiscal year is likely to be pegged at Rs2,000 billion

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PESHAWAR:

The Khyber-Pakhtunkhwa government will table the FY 2025-26 budget on June 13.

Chief Minister Ali Amin Gandapur greenlighted the summary sent by the finance ministry and approved the date for budget presentation.

Instead of finance advisor Muzamil Aslam, Minister for Law Aftab Alam will unveil the budget as Aslam is not a member of the house. Alam had also presented the budget for the current financial year.

Sources said the total outlay of the K-P budget for the next fiscal year is likely to be pegged at Rs2,000 billion.

Around Rs450 to Rs500 billion are likely to be earmarked for development projects.

It is pertinent to mention that the total volume of the current fiscal year was fixed at Rs1751 billion, with Rs420 billion set aside for ADP. The K-P government is preparing for a Rs180 billion surplus budget for the next fiscal.

Interestingly, the K-P government had broken the parliamentary tradition last year and presented a surplus budget for FY 2024-25 in the provincial assembly, even before the announcement of the federal budget, a move unprecedented in the country's history.

Finance Minister Aftab Alam unveiled the Rs1,754 billion budget for fiscal 2024-25 [July-June], boasting a surplus of Rs100 billion.