[News] Gilgit-Baltistan Assembly Announced 19.3 Billion Rupee Budget 2012-13

Gilgit (GBLA):Mr. Muhammad Ali Akhter, Finance Minister, Gilgit-Baltistan legislative Assembly (GBLA) has announced its annual budget of 19.9 Billion Rupee for year 2012-13. The budget allocation is 8.3 billion for development projects, and 11 billion for non-development activities.

The salient feature of the budget includes a 20 % expected raise in the salaries of Govt. employees, promises of creating 6000 jobs in government sectors particularly in the sector of education and security forces. Subsidies and loan right off will consume 0.72 billion of the budget. The power generation sector will get a chunk of 0.90 billion rupees. It has been stated that with the completion of current power project will generate 14 MW, whereas the new proposed project will generate 34 MW of electricity.

District wise distribution of development funds is 25 % for Skardu, 17% for Gilglit, 15% for Diamer, 14 % for Ghizer, 11 % for Hunza-Nagar, 10% for Ghanche and 8% for Astore.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: