Islamabad: As per the latest news, the Ministry of Finance (MoF) has agreed to give the Gilgit Baltistan (GB) government Rs47 billion as a non-development budget for the coming fiscal year (FY22), despite the regional administration’s proposal for Rs60 billion.
The regional administration had requested funds to cover administrative costs, employee salaries, staff promotions, and other non-development expenses.
In this regard, Federal Minister for Finance and Revenue Shaukat Tarin summoned a virtual meeting on Wednesday with GB Chief Minister Muhammad Khalid Khursheed, GB Finance Minister Javed Manwa, GB Chief Secretary Asif Daman, and other ministry officials to discuss budget proposals submitted by the regional government.
It may be recalled that the federal government authorized a non-development budget of Rs32 billion for GB in FY21, despite a demand for Rs44.8 billion.
During the meeting, provincial secretary Finance made a detailed presentation on GB’s budgetary requirements for the current and coming fiscal years. While agreeing to work with the regional government to provide additional funding in the coming fiscal year, Tarin highlighted that the GB government must rationalize its spending because the federal government is following a rigorous budgetary policy.
The Finance Minister approved requests for additional wheat subsidies, issuance of NOCs for purchasing vehicles to monitor developmental activities, purchase of school buses, health ambulances, excavators, road-making machinery, operational vehicles for education, health works, water and power, emergency services, and law enforcement agencies, and purchase of school buses, health ambulances, excavators, road-making machinery, and operational vehicles for education, health works, water and power, emergency services, and law enforcement agencies (LEAs).