PESHAWAR - The PTI-led Khyber Pakhtunkhwa government will present its third consecutive annual budget for the year 2015-16 today (Monday) with more than a total outlay of Rs 472 billion, allocating Rs 154 billion for development projects.

The special budget session will commence at provincial assembly at 4:00pm with Speaker Asad Qaiser in the chair. KP Minister for Finance Muzaffar Said Advocate will present his maiden budget of more than Rs 472 billion for the fiscal year 2015-16.

The provincial government has proposed 10 per cent increase in salaries and pensions of government employees and expected Rs 154 billion have been earmarked for developmental works. Moreover, Rs 24 billion have been proposed for health sector while Rs 5 billion are likely to be allocated for subsidised ghee and flour. The provincial government has also allocated Rs 2 billion for subsidy on wheat.

More than 159,000 vacancies are expected to be created to provide employment to youth in different sectors of the province including 2000 vacancies in health and 10,000 vacancies in education departments.

As for next year, the government is estimated to increase health sector budget by 19 per cent, police department by 14 per cent, law and justice 13 per cent, and higher education, 13 per cent.

Likewise, the province would generate Rs 32.75 billion, seven per cent of the total income, from its own sources and would get the remaining 93 per cent from the federal government. Apart from that, the KP would generate around Rs 22 billion from direct taxes and Rs 10.59 billion from indirect taxation in the coming fiscal which also include income generation from the hydel resources. It is worth mentioning here that the earlier two budgets of the present government of PTI were presented by the then JI MPA Sirajul Haq in his capacity as senior minister for finance in 2013 and 2014.

However, Muzaffar Said Advocate had assumed the portfolio of finance as Sirajul Haq relinquished the charge after his election as JI chief.