G-B Assembly approves Rs35.92b budget for fiscal year 2015-16

Federal govt to release Rs4 billion from the previous budget which will be utilised for development projects

Web Desk June 30, 2015
A file photo of the Gilgit-Baltistan Provincial Assembly. PHOTO: EXPRESS

GILGIT: The newly formed Gilgit Baltistan Legislative Assembly on Tuesday unanimously approved a budget of Rs35.92 billion for the fiscal year 2015-16 , Radio Pakistan reported.

The budget allocated Rs21.98 billion for non-development expenditure, whereas a mere Rs13.94 billion were allotted for development projects in the region.

Winding up debate in the house, new G-B Chief Minister Hafeezur Rehman said that the federal government had released a Rs4 billion installment from the previous budget which will be utilised for development expenditures in the upcoming fiscal year.

Read: G-B unveils total outlay of Rs31.92b

He appreciated the suggestion from members on both sides of the aisle, and assured them that a parliamentary committee would be formed to accommodate their views.

Earlier on Sunday, Rehman had presented a Rs31.921 billion budget in the legislative assembly.

This story originally appeared on Radio Pakistan


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