PESHAWAR: Caretaker Khyber Pakhtunkhwa Minister for Finance, Ahmad Rasool Bangash here Thursday said that Rs529.118 billion expenditure has been authorized by the provincial cabinet with Chief Minister in a chair for the second four months i.e (Ist November to 29th February 2024), showing 14pc increase as compared to Rs462.939 billion of the first four months (July to October 2023).
Addressing a press conference here, the Minister said that the total expenditure authorized for eight months is Rs992.055 billion for the financial year 2023-24, showing 12pc increase as compared to Rs888 billion of the first eight months of the previous year’s budget.
He said Rs 417billion for the current and Rs112.118 billion for development expenditures of the second four months ie November to February 2024 showed a 19pc increase as compared to the first four months ie Rs350.041 billion current expenditure, was authorized.
The total current expenditure authorized for eight months is Rs767.040 billion in the current fiscal as compared to Rs609.200 billion for the eight months of the last financial year.
He said Rs366.298 billion current expenditure has been authorized for the second four months (Nov to Feb 2024) indicated 26pc increase compared to the first four months (July to October 2023) ie Rs309.498billion for settled areas.
The total authorized current expenditure for eight months is Rs675.796 billion compared to Rs526.533 billion for eight months of the last fiscal for settled areas.
For merged areas, he said the total current expenditure for the second four months is Rs50.702 billion against Rs40.543 billion of the first four months, showing 10pc increase.
He said the total development expenditure authorized for the second four months is Rs112.118 billion compared to Rs112.898 billion for the first four months, showing a 1pc decrease.
For settled areas, the development expenditure authorized for the second four months is Rs91.
