ahlam1399
06-08-2017, 02:02 PM
https://www.thenews.com.pk/assets/uploads/akhbar/2017-06-08/l_209345_045534_print.jpg
ADP of Rs208 bn proposed; salaries and pensions increased by 10 percent
PESHAWAR: Amid brief hooting by some opposition members in the provincial assembly, the Pakistan Tehreek-e-Insaf-led Khyber Pakhtunkhwa government on Wednesday unveiled its fifth and final annual budget of Rs603 billion for the financial year 2017-18.
The budget has a development outlay of Rs208 billion and envisages inclusion of new tax and service categories into the Professional Tax and Sales on services schedules. The budget outlay, showing an increase of 16.25 percent over the last budgetary allocations, also proposed 10 percent increase in the salaries and pensions of the government employees and merged the ad hoc relief of 2010 in their basic salaries.
The annual budget was presented in the provincial assembly by provincial Finance Minister Muzaffar Sayyid, the lawyer elected MPA from Lower Dir district on the Jamaat-e-Islami ticket. Though ** new tax has been levied in the budget, the provincial government has proposed increase in curtain tax slabs and added new categories to the professional tax schedule. It added a new Ride Hailing Service to the schedule-I of the Sales Tax on services. It also increased Urban Immovable Property (UIP) tax on the five-marla houses other than those in use of the owners. The PTI-led coalition government in its final budget also increased the minimum wages for the unskilled workers from Rs14,000 to Rs15,000.
Soon after the finance minister started his budget speech, the opposition members resorted to shouting and hooting. However, the interruption was brief as the House soon returned to order and the minister continued his budget speech. The minister said the government estimated the provincial revenue receipts for the next financial year at Rs603 billion, adding the current and development expenditures are also pitched at Rs603 billion.
Giving the breakdown of revenue receipts, Muzaffar Sayyid said the province would receive Rs326 billion from the federal divisible pool, showing an increase of 11 percent over the current fiscal. He added that the province was expected to receive Rs39.171 billion as war subvention on account of expenditures made in the war against terror and unrest in the province. He said this amounted to an estimated increase of 11 percent over the last year's allocations for the purpose. He said the province would receive Rs24.682 billion as royalty on oil and gas produced in the southern districts of the province, registering an increase of 43 percent over the allocations.
The finance minister informed the lawmakers that the province was expected to receive Rs20.785 billion as its share in net hydel profit. He added that the federal government would provide a**ther Rs15 billion as net hydel profit arrears to the province during the next fiscal. He said the provincial exchequer would receive Rs45.215 billion from its own tax and **n-tax revenue. He said this would also include Rs13.653 billion as General Sales Tax on services and Rs3.63 billion from KP's own hydel power generation stations. He said Rs24.895 billion was also expected to be received from the cash balance saved from previous years to cope with additional expenditures. He said the provincial exchequer would receive Rs15 billion from the Hydel Development Fund (HDF) for financing hydropower generation stations.
According to Muzzaffar Sayyid, the province would receive Rs82 billion as Foreign Projects Assistance (FPA), while Rs10 billion loans would also be sought to ensure implementation of various projects during the next fiscal. About the budgetary expenditures, the ministers said Rs395 billion had been allocated for the current revenue expenditures, showing an increase of 15 percent over the outgoing fiscal. He said the current revenue expenditures would include Rs127.91 billion allocated for education with primary and secondary education getting Rs115.92 billion and Rs11.99 billion going to higher education. This showed an increase of 18 percent over the allocation for the sector during the current fiscal.
For the health sector, the minister said an allocation of Rs49.27 billion had been made. This allocation was 31 percent higher than that made for the sector during current fiscal. Other expenditures, he said, include Rs1.85 billion for social welfare and women empowerment, Rs39.73 billion for police with an increase of 21 percent, Rs3.76 billion for irrigation showing an increase of 10 percent, Rs2.25 billion for technical education and manpower with 14 percent increase, Rs720 million for sports and culture, Rs4.35 billion for agriculture with an increase of 14 percent, Rs2.37 billion for forests and environment, Rs6.61 billion for communication and works to repair and rehabilitate roads and bridges and Rs53 billion would be spent on pensions reflecting an increase of 30 percent. He said Rs2.90 billion would be allocated for subsidy on wheat, Rs8 billion for debt-servicing and Rs7 billion for house building and motorcycle advance for government employees.
The minister said that like the previous fiscals the budget for next financial year had also been bifurcated into welfare, administrative and development components. He said Rs336.27 billion of the current expenditures had been set aside for the welfare component of the budget, which would be 56 percent of the total outlay. He said Rs58.73 billion has been allocated for administrative expenditures that would be 10 percent of the total budget and 10 percent more than current allocations for this section.
The minister said Rs208 billion had been allocated for the Annual Development Programme (ADP) forming 34 percent of the total budget and showing 29 percent increase over the outgoing fiscal development allocations. The ADP would include Rs82 billion of foreign assistance. The provincial ADP, he said, was pitched at Rs126 billion to be spent on 1,632 schemes, including 1,182 ongoing and 450 new ones. He added that the ADP allocations were mainly directed to the ongoing schemes so that these could be completed in time in the next fiscal to provide relief to the masses.
Muzaffar argued that the tax base in the province was weak and it could **t be burdened with further taxes. "However, the government was proposing some tax revisions and inclusion of certain categories in the Professional and Sales Tax schedules," he added. The minister said five-marla houses in owners' use would continue to be exempted from the UIP tax while tax on such houses being used for other purposes would be increased. He added that slabs for some categories in Professional Tax schedule would be raised and new categories would be included in the schedule.
He said a new ride hailing service category is being included in the schedule-I of the Sales Tax on services. He added that an increase in the stage carriage route permit, goods forwarding agency, bodybuilding licence fees and fitness fees in the transport sector has also been proposed in the budget. The minister said that in **n-tax head the licence fees for the restaurants and hotels registered with the Tourism Department would be increased.
Muzaffar said that on the demand of the employees, the government would merge the ad hoc relief of 2010 into the basic salaries and it would then give a 10 percent ad hoc relief allowance on their basic salaries. He said 10 percent increase in pension has also been proposed.
"The employees up to BPS-5 would be exempted from 5 percent house rent allowance cut while daily allowance would be raised by 60 percent. The allowance for the shifting and burial of the dead body has been proposed to be increased from Rs1,600 to Rs4,800 and from Rs5,000 to Rs15,000, respectively," he added.
In the minister's 51-page speech, 32 pages covered the performance of the government. He mentioned the approval of the Chashma Right Lift Irrigation project as a huge success of the provincial government. He explained that the federal government had agreed to meet 65 percent of the Rs120 billion mega project expenses while the share of the province in the project allocations was 35 percent.
The minister said the government had showcased 82 projects in the Beijing Road Show under the China-Pakistan Eco**mic Corridor (CPEC) project where memorandums of understanding (MoUs) worth $24 billion had been signed with a number of Chinese investors. He pointed out that $11 billion investment agreements have been signed with the Frontier Works Organisation (FWO) in the housing, hydel power generation, cement plants and oil refinery construction projects.
"The province was earlier **t conducive for investment, but it has **w become an ideal destination for investment with the efforts of the incumbent government," Muzaffar declared.
http://feeds.feedburner.com/~r/com/cwEr/~4/hGpMsSboILU
أكثر... (http://feedproxy.google.com/~r/com/cwEr/~3/hGpMsSboILU/209345-KP-govt-unveils-Rs603-bn-budget-for-fiscal-year-2017-18)
ADP of Rs208 bn proposed; salaries and pensions increased by 10 percent
PESHAWAR: Amid brief hooting by some opposition members in the provincial assembly, the Pakistan Tehreek-e-Insaf-led Khyber Pakhtunkhwa government on Wednesday unveiled its fifth and final annual budget of Rs603 billion for the financial year 2017-18.
The budget has a development outlay of Rs208 billion and envisages inclusion of new tax and service categories into the Professional Tax and Sales on services schedules. The budget outlay, showing an increase of 16.25 percent over the last budgetary allocations, also proposed 10 percent increase in the salaries and pensions of the government employees and merged the ad hoc relief of 2010 in their basic salaries.
The annual budget was presented in the provincial assembly by provincial Finance Minister Muzaffar Sayyid, the lawyer elected MPA from Lower Dir district on the Jamaat-e-Islami ticket. Though ** new tax has been levied in the budget, the provincial government has proposed increase in curtain tax slabs and added new categories to the professional tax schedule. It added a new Ride Hailing Service to the schedule-I of the Sales Tax on services. It also increased Urban Immovable Property (UIP) tax on the five-marla houses other than those in use of the owners. The PTI-led coalition government in its final budget also increased the minimum wages for the unskilled workers from Rs14,000 to Rs15,000.
Soon after the finance minister started his budget speech, the opposition members resorted to shouting and hooting. However, the interruption was brief as the House soon returned to order and the minister continued his budget speech. The minister said the government estimated the provincial revenue receipts for the next financial year at Rs603 billion, adding the current and development expenditures are also pitched at Rs603 billion.
Giving the breakdown of revenue receipts, Muzaffar Sayyid said the province would receive Rs326 billion from the federal divisible pool, showing an increase of 11 percent over the current fiscal. He added that the province was expected to receive Rs39.171 billion as war subvention on account of expenditures made in the war against terror and unrest in the province. He said this amounted to an estimated increase of 11 percent over the last year's allocations for the purpose. He said the province would receive Rs24.682 billion as royalty on oil and gas produced in the southern districts of the province, registering an increase of 43 percent over the allocations.
The finance minister informed the lawmakers that the province was expected to receive Rs20.785 billion as its share in net hydel profit. He added that the federal government would provide a**ther Rs15 billion as net hydel profit arrears to the province during the next fiscal. He said the provincial exchequer would receive Rs45.215 billion from its own tax and **n-tax revenue. He said this would also include Rs13.653 billion as General Sales Tax on services and Rs3.63 billion from KP's own hydel power generation stations. He said Rs24.895 billion was also expected to be received from the cash balance saved from previous years to cope with additional expenditures. He said the provincial exchequer would receive Rs15 billion from the Hydel Development Fund (HDF) for financing hydropower generation stations.
According to Muzzaffar Sayyid, the province would receive Rs82 billion as Foreign Projects Assistance (FPA), while Rs10 billion loans would also be sought to ensure implementation of various projects during the next fiscal. About the budgetary expenditures, the ministers said Rs395 billion had been allocated for the current revenue expenditures, showing an increase of 15 percent over the outgoing fiscal. He said the current revenue expenditures would include Rs127.91 billion allocated for education with primary and secondary education getting Rs115.92 billion and Rs11.99 billion going to higher education. This showed an increase of 18 percent over the allocation for the sector during the current fiscal.
For the health sector, the minister said an allocation of Rs49.27 billion had been made. This allocation was 31 percent higher than that made for the sector during current fiscal. Other expenditures, he said, include Rs1.85 billion for social welfare and women empowerment, Rs39.73 billion for police with an increase of 21 percent, Rs3.76 billion for irrigation showing an increase of 10 percent, Rs2.25 billion for technical education and manpower with 14 percent increase, Rs720 million for sports and culture, Rs4.35 billion for agriculture with an increase of 14 percent, Rs2.37 billion for forests and environment, Rs6.61 billion for communication and works to repair and rehabilitate roads and bridges and Rs53 billion would be spent on pensions reflecting an increase of 30 percent. He said Rs2.90 billion would be allocated for subsidy on wheat, Rs8 billion for debt-servicing and Rs7 billion for house building and motorcycle advance for government employees.
The minister said that like the previous fiscals the budget for next financial year had also been bifurcated into welfare, administrative and development components. He said Rs336.27 billion of the current expenditures had been set aside for the welfare component of the budget, which would be 56 percent of the total outlay. He said Rs58.73 billion has been allocated for administrative expenditures that would be 10 percent of the total budget and 10 percent more than current allocations for this section.
The minister said Rs208 billion had been allocated for the Annual Development Programme (ADP) forming 34 percent of the total budget and showing 29 percent increase over the outgoing fiscal development allocations. The ADP would include Rs82 billion of foreign assistance. The provincial ADP, he said, was pitched at Rs126 billion to be spent on 1,632 schemes, including 1,182 ongoing and 450 new ones. He added that the ADP allocations were mainly directed to the ongoing schemes so that these could be completed in time in the next fiscal to provide relief to the masses.
Muzaffar argued that the tax base in the province was weak and it could **t be burdened with further taxes. "However, the government was proposing some tax revisions and inclusion of certain categories in the Professional and Sales Tax schedules," he added. The minister said five-marla houses in owners' use would continue to be exempted from the UIP tax while tax on such houses being used for other purposes would be increased. He added that slabs for some categories in Professional Tax schedule would be raised and new categories would be included in the schedule.
He said a new ride hailing service category is being included in the schedule-I of the Sales Tax on services. He added that an increase in the stage carriage route permit, goods forwarding agency, bodybuilding licence fees and fitness fees in the transport sector has also been proposed in the budget. The minister said that in **n-tax head the licence fees for the restaurants and hotels registered with the Tourism Department would be increased.
Muzaffar said that on the demand of the employees, the government would merge the ad hoc relief of 2010 into the basic salaries and it would then give a 10 percent ad hoc relief allowance on their basic salaries. He said 10 percent increase in pension has also been proposed.
"The employees up to BPS-5 would be exempted from 5 percent house rent allowance cut while daily allowance would be raised by 60 percent. The allowance for the shifting and burial of the dead body has been proposed to be increased from Rs1,600 to Rs4,800 and from Rs5,000 to Rs15,000, respectively," he added.
In the minister's 51-page speech, 32 pages covered the performance of the government. He mentioned the approval of the Chashma Right Lift Irrigation project as a huge success of the provincial government. He explained that the federal government had agreed to meet 65 percent of the Rs120 billion mega project expenses while the share of the province in the project allocations was 35 percent.
The minister said the government had showcased 82 projects in the Beijing Road Show under the China-Pakistan Eco**mic Corridor (CPEC) project where memorandums of understanding (MoUs) worth $24 billion had been signed with a number of Chinese investors. He pointed out that $11 billion investment agreements have been signed with the Frontier Works Organisation (FWO) in the housing, hydel power generation, cement plants and oil refinery construction projects.
"The province was earlier **t conducive for investment, but it has **w become an ideal destination for investment with the efforts of the incumbent government," Muzaffar declared.
http://feeds.feedburner.com/~r/com/cwEr/~4/hGpMsSboILU
أكثر... (http://feedproxy.google.com/~r/com/cwEr/~3/hGpMsSboILU/209345-KP-govt-unveils-Rs603-bn-budget-for-fiscal-year-2017-18)