Search results
Results from the WOW.Com Content Network
The 2023–24 Khyber Pakhtunkhwa budget was presented on 20 June 2023, the caretaker government of Khyber Pakhtunkhwa approved a budget exceeding 462 billion rupees for the first four months of the fiscal year 2023–24. [1] Muhammad Azam Khan the interim chief minister passed the budget was during a cabinet meeting. [2]
The 2024–25 Khyber Pakhtunkhwa budget was presented on 24 May 2024 by the Khyber Pakhtunkhwa Finance Minister Aftab Alam Afridi in the Khyber Pakhtunkhwa Assembly. [ 1 ] [ 2 ] The budget was presented before the federal budget , marking a first in the country's history.
The List of members of the 12th Provincial Assembly of Khyber Pakhtunkhwa represents the elected members of the 12th Provincial Assembly of Khyber Pakhtunkhwa, a legislative body in the Khyber Pakhtunkhwa province of Pakistan. The assembly was formed after the provincial elections held on February 8, 2024.
The Government of Khyber Pakhtunkhwa functions under the provisions of the Constitution of Pakistan (1973). The Province has a Khyber Pakhtunkhwa Assembly with 145 elected members, constituent of 115 Regular seats, 26 seats reserved for women and 4 seats for non-Muslims.
The budget was a brainchild of Asad Umar, according to The Express Tribune 'Budgets in Khyber-Pakhtunkhwa have historically been a litany of complaints against the federal government, followed by a recitation of numbers that, frequently, the PTI-led Khyber-Pakhtunkhwa government delivered their first governing document and made sure to lay out ...
The government forms a budget for the new fiscal year by taking the budget from the previous fiscal year as a base and makes only small changes to it. Top-down approach: The central financial authority (e.g. the Ministry of finance ) sets boundaries to the budget and the government completes it.
The government in the revised budget would place the fiscal deficit at a targeted rate of 6.53% of the GDP or Rs. 7,505 trillion, with the Federal Government seeking to cover it with multilateral/bilateral sources, national saving schemes, government securities, commercial/Euro bonds, the GP fund and deposits and reserves.
Article 122(2) and Article 124 authorise Provincial Assembly to approve or refuse any demand and reduce the amount specified in the demand. Once budget is approved, the Government has no right to deviate from these sanctions. For excess expenditure, Government has to seek regularization from the Assembly.