Khyber Pakhtunkhwa’s provincial cabinet met on Tuesday, with Chief Minister Pervez Khattak in the chair, to approve the annual budget, having a total outlay of Rs505 billion for the fiscal year 2016-17.
“No new tax has been proposed in the budget,” Special Assistant to Chief Minister on Information Mushtaq Ghani said while giving details of the budget.
In the new budget, he continued, a special fund of Rs200 million has also been earmarked for the welfare of transgender community of the province for the first time in the budget history of Khyber Pakhtunkhwa.
Presenting the annual budget for fiscal year 2016-17 at the floor of KP Assembly, Provincial Minister for Finance Muzaffar Syed advocate said Rs10 billion for 64 ongoing and Rs2.42 billion for eight new projects have been earmarked in the budget.
The finance minister further said 160 new primary schools and 100 new secondary schools would be constructed in the province whereas 100 religious seminaries would be converted into primary schools.