The Azad Jammu & Kashmir (AJK) Government has unveiled its budget for the financial year 2024-25, amounting to over Rs 220 billion. This budget, presented by AJK Finance Minister Abdul Majid Khan in a session of the AJK Legislative Assembly, outlines a significant development outlay of Rs 44 billion.
Key Features of AJK Government Budget 2024-25
- Total Estimated Income: The budget estimates total receipts of Rs 201.17 billion, with major contributions expected from federal grants and inland revenue sources.
- Development Expenditure: A substantial portion of Rs 44 billion has been allocated for development projects in AJK for the fiscal year 2024-25.
Sectoral Allocations
The budget allocates funds across various sectors to foster growth and development in AJK:
| Sector | Allocation (in billion Rs) |
|---|---|
| Agriculture and Livestock | 0.9 |
| Civil Defence & SDMA | 0.15 |
| Development Authorities | 0.345 |
| Education | 4.8 |
| Environment | 0.15 |
| Forestry/Watershed | 0.8 |
| Fisheries/Wildlife | 0.075 |
| Health | 3 |
| Industries/Minerals | 0.52 |
| AJK TEVTA | 0.28 |
| Governance/Miscellaneous | 2.035 |
| Transport | 0.03 |
| Information & Media Development | 0.2 |
| Information Technology | 0.8 |
| Local Government and Rural Development | 3.7 |
| Physical Planning & Housing | 2.465 |
| Energy and Water Resources | 4.8 |
| Research & Development | 1.4 |
| Land Administration & Management | 1.15 |
| Social Welfare & Women Development | 0.3 |
| Sports, Youth & Culture | 0.5 |
| Tourism | 0.7 |
| Communication & Works | 14.9 |
Objective of the Budget
Minister Abdul Majid Khan emphasized that this comprehensive budget aims to stimulate growth and development across various sectors in AJK, focusing on infrastructure, education, health, agriculture, and tourism. The allocations underscore the government’s commitment to improving the quality of life and fostering sustainable development in the region for the fiscal year 2024-25.
