{"id":28542,"date":"2012-06-26T00:53:23","date_gmt":"2012-06-25T19:53:23","guid":{"rendered":"http:\/\/pamirtimes.net\/?p=28542"},"modified":"2012-06-26T18:14:00","modified_gmt":"2012-06-26T13:14:00","slug":"19-billion-rupees-budget-presented-gbla","status":"publish","type":"post","link":"https:\/\/pamirtimes.net\/en\/2012\/06\/26\/19-billion-rupees-budget-presented-gbla\/","title":{"rendered":"19 billion rupees budget presented in GBLA"},"content":{"rendered":"
Our Correspondents<\/strong><\/div>\n
<\/div>\n
Gilgit<\/strong>: Finance Minister, Muhammad Ali Akhtar, presented GB’s budget for 2012-13 today at a specially convened budget session. The total budget outlay is around 19 billion rupees, less than half of which will be spent on development projects, while the rest will be used to cover the cost of governance and other non-developmental expenses.36 Crore rupees, 5%, have been allocated for education and 25 Crore for health.<\/div>\n
\n

Details of sector-wise allocation are given in the table appended below.<\/p>\n

More than 1 billion rupees will be distributed among the GBLA members as part of the Chief Minister’s Special Package.<\/p>\n

The budget allocation for non-development activities, including maintenance of law and order, payment of salaries and other expenses is more than 50% of the total budget.<\/p>\n

Employees<\/strong><\/p>\n

Employees of the GB government, however, will be relieved to get a 20% raise in their salaries along with other perks and privileges.<\/p>\n<\/div>\n

\n
\"\"<\/a>
A table summarizing the distribution of GB’s budget. (Figures: Radio Pakistan)<\/figcaption><\/figure>\n

Old and new projects<\/span><\/strong><\/p>\n

80 % of the budget will be used to finance projects already in progress while the remaining 20 % will be used for new projects.<\/p>\n

District-wise distribution of development funds<\/span><\/strong><\/p>\n

The Finance Minister said that 30% of the total development budget will be used for GB level projects. The remaining 70% will be distributed among the 7 districts, based on population. This way, the district of Skardu will get 25% of the development project (97 crore), Gilgit will get 17% (66 crore), Diamer 15 % (58 crore), Ghizar 14$ (54 crore), Hunza – Nagar 11% (42 crore), Ghanche 10% (38 crore) and Astore will get 8% (31 crore), in terms of district level development projects.<\/p>\n

The issue<\/span><\/strong><\/p>\n

With no significant revenue collection mechanism of its own, the GB government has little control over the amount of money received or the time of receipt of the promised budget from the Federal Government. The money is, generally, shared in bits and pieces, leading to hurdles in completion of development projects. In the recent past the GB government has been seen taking loans from the State Bank of Pakistan for covering its expenses.<\/p>\n

Short Comings <\/span><\/strong><\/p>\n

The budget fails to make significant allocations for Disaster Risk Reduction (DRR). The amount allocated for health and education is also not significant, compared to the allocation for non-developmental expenses.<\/p>\n


\n<\/span><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Our Correspondents Gilgit: Finance Minister, Muhammad Ali Akhtar, presented GB’s budget for 2012-13 today at a specially convened budget session. The total budget outlay is around 19 billion rupees, less than half of which will be spent on development projects, while the rest will be used to cover the cost of governance and other non-developmental …<\/p>\n","protected":false},"author":1,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_forum_subforum_count":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[56],"tags":[4165,2851,9,4166],"class_list":["post-28542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gilgit-baltistan","tag-figures-radio-pakistan","tag-gb","tag-gilgit","tag-gilgit-finance-minister"],"better_featured_image":{"id":28546,"alt_text":"","caption":"A table summarizing the distribution of GB's budget. (Figures: Radio Pakistan)","description":"","media_type":"image","media_details":{"width":"668","height":"1024","hwstring_small":"height='96' width='62'","file":"2012\/06\/budget-2012-revised.jpg","sizes":{"thumbnail":{"file":"budget-2012-revised-150x150.jpg","width":"150","height":"150","source_url":"https:\/\/i0.wp.com\/pamirtimes.net\/wp-content\/uploads\/2012\/06\/budget-2012-revised.jpg?resize=150%2C150&ssl=1"},"medium":{"file":"budget-2012-revised-195x300.jpg","width":"195","height":"300","source_url":"https:\/\/i0.wp.com\/pamirtimes.net\/wp-content\/uploads\/2012\/06\/budget-2012-revised.jpg?fit=195%2C300&ssl=1"},"post-thumbnail":{"file":"budget-2012-revised-50x50.jpg","width":"50","height":"50","source_url":"https:\/\/pamirtimes.net\/wp-content\/uploads\/2012\/06\/budget-2012-revised-50x50.jpg"},"415x260":{"file":"budget-2012-revised-415x260.jpg","width":415,"height":260,"source_url":"https:\/\/pamirtimes.net\/wp-content\/uploads\/2012\/06\/budget-2012-revised-415x260.jpg"},"150x150":{"file":"budget-2012-revised-150x150.jpg","width":150,"height":150,"source_url":"https:\/\/pamirtimes.net\/wp-content\/uploads\/2012\/06\/budget-2012-revised-150x150.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"1340671241","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":""}},"post":28542,"source_url":"https:\/\/pamirtimes.net\/wp-content\/uploads\/2012\/06\/budget-2012-revised.jpg"},"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/pamirtimes.net\/wp-content\/uploads\/2012\/06\/budget-2012-revised.jpg?fit=668%2C1024&ssl=1","_links":{"self":[{"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/posts\/28542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/comments?post=28542"}],"version-history":[{"count":6,"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/posts\/28542\/revisions"}],"predecessor-version":[{"id":28548,"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/posts\/28542\/revisions\/28548"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/media\/28546"}],"wp:attachment":[{"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/media?parent=28542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/categories?post=28542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pamirtimes.net\/en\/wp-json\/wp\/v2\/tags?post=28542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}