Pakistan

Gilgit-Baltistan govt unveils Rs148 billion deficit budget for FY 2025-26

Published by
Web Desk

GILGIT: The Gilgit-Baltistan government on Monday presented a budget of over Rs 148 billion for the fiscal year 2025-26 in the provincial assembly.

The budget also includes a deficit of Rs 6 billion. The finance document proposes to allocate Rs 88.19 billion for non-development expenses. Rs 37 billion is proposed for the development budget. Rs 11 billion is proposed for federal PSDP projects.

An amount of Rs 4 billion has been proposed for federal PSDP under the Prime Minister’s Program. The non-tax revenue target for the next fiscal year has been set at Rs 7.89 billion. Rs 20 billion has been proposed for wheat subsidy. The finance document proposes a 10 percent increase in the salaries of government employees.

Web Desk

Recent Posts

Big increase in prices of chicken and eggs, government price list ignored

ISLAMABAD: The prices of chicken and eggs have skyrocketed. The government price of chicken meat…

31 minutes ago

Transportation in the Strait of Hormuz restored, oil prices drop further

TEHRAN: After the restoration of maritime transportation in the Strait of Hormuz, crude oil prices…

40 minutes ago

Iranian rial value suddenly skyrockets, citizens flock to currency exchange centers

ISLAMABAD: Pakistan’s open currency market is witnessing an unusuawith demand for the Iranian rial rising…

1 hour ago

Meteorological Department issues important rain forecast

LAHORE: An important forecast of the Meteorological Department regarding the weather in Lahore has come…

1 hour ago

How much tax will be deducted from salary from July 1? New slabs introduced

ISLAMABAD: The federal government has introduced new income tax slabs for government employees and salaried…

2 hours ago

New instructions issued for pilgrims going to Iraq for pilgrimage

ISLAMABAD: The Ministry of Religious Affairs has issued new instructions for Pakistani pilgrims going to…

2 hours ago