Rs 6.7bn budget for AJK Council

ISLAMABAD: Kashmir Affairs Minister Qamar Zaman Kaira on Tuesday presented the Rs 6,755.55 million budget of the Azad Jammu and Kashmir Council for the fiscal year 2009-10. He also presented revised estimates of Rs 5,000.1 million for the year 2008-09.
Presenting the second budget of the council for the year 2009-10, Kaira said salaries, allowances and pensions of employees of the AJK Council Secretariat had been increased. Moreover, presenting the current year’s budget, the minister also proposed revenue receipts target of Rs 6,755.5 million for the current financial year.
This target includes Rs 3,850 million from income tax collection, 80 percent of which would be transferred to the AJK government.
Development expenditure has been estimated at Rs 2,000 million, non-development expenditure at Rs 807.273 million and 80 percent net share of income tax worth Rs 2,948.282 million to be returned to the AJK government. http://www.dailytimes.com.pk/default.asp?page=2009\12\16\story_16-12-2009_pg7_10