MUZAFFARABAD - The Azad Jammu and Kashmir government Monday announced Rs44.549b revenue-oriented budget of the state for next fiscal year (2011-12), with revenue expenditures around 37.548b and a deficit of Rs 5.06 billion. The budget was announced by AJK Finance Minister Abdul Rasheed Abbasi in the state legislative assembly which met in the capital city of Muzaffarabad on Monday. An amount of Rs8.284 billion has been allocated for development sector with 31.265 billion recurrent budgets for the coming fiscal year, he informed the house. The house was told that the development budget has been increased by 34 percent as compared to that of the outgoing financial year. In his key note address to the lawmakers, the minister said that the government has presented as balanced budget as it could manage with the available resource. The finance minister further told that development budget amounting Rs8.284 billion will be provided by the federal government whereas Ministry of K&GB affairs will provide Rs2.494 billion additional amounts. Elaborating the salient features of the budget the finance minister stated that from total revenue collection, an amount of Rs34.645 billion rupees will be generated from state resources whereas 720 million from Mangla Dam Royalty, 6.900 billion from Azad Jammu & Kashmir Council and a share of 9.940 billion rupees from federal government taxes will be collected. He told the house that the revised budget for the fiscal year 2010-11 has been estimated at Rs37.548 billion and the sectors from which government is likely to generate income are as: Rs3,300 million from Provincial Excise, 10 million from Land Record and Settlement, 37 million from Stamps, Forests 350 million, Registration 25.60 million. Jails 0.37 million, Administration of Justice 30 million, home department 45 million, education 60 million, health 30 million, agriculture 3.5m and others. Finance Minister told the house that 1396.709 million rupee have been allocated for Administration, 433.391 million rupee for Board of Revenue, 12.088 million rupee for Stamps, 14.441 million rupee for Land Record & Settlement, 685.775 million rupee for Rehabilitation and Reconstruction, 2300.00 million for Pensions, 75.097 for Public Relations department, 641.522 million for judiciary,2769.581 million for Police, 83.330 million for Jails, 39.984 million for Civil Defence, 30.821 million for Armed Services Board, 1473.203 million for Communication and Works, 11083.674 for Education, 2582.315 for Public Health, 44.420 million for Sports, Youth & Culture, 114.957 million for Religious Affairs, 82.133 for Social Welfare & Women Development and 336.287 for Agriculture Discussing the development sector minister for finance revealed that 118.00 million rupees have been allocated for the development projects in the Agriculture & Livestock, 32 million for Civil Defence, 135m for Development Authorities, 635 million for Education, 15 million for Environment, 299 million for foreign aided projects, 287 million for Forest, Fisheries & Wild Life, 16 million for Information & Media Development and Rs 200 million for Information Technology.