PESHAWAR: The monthly spending of Khyber Pakhtunkhwa has surpassed Rs. 74.37bn, reflecting a continuous increase in daily expenses.
In the first 10 months of the current fiscal year, the Khyber Pakhtunkhwa government expended Rs. 743.76bn. This includes over Rs. 625.24bn for ongoing expenditures and Rs. 118.52bn allocated for developmental projects.
According to documents obtained under the Right to Information Act from the Treasury Department, expenditures in settled districts from January to October amounted to Rs. 584.97bn, while tribal districts witnessed spending of Rs. 40.26bn.
During this period, the provincial government allocated Rs. 71.53bn for pensions, repaid Rs. 138.26bn in federal loans, and spent Rs. 39.08bn on the purchase of wheat, sugar, and other essential commodities.
Additionally, private banks and other institutions received loans and advances amounting to Rs. 28.99bn. The provincial government invested Rs. 1bn in capital, allocated Rs. 6.29bn as octroi shares and district taxes to local governments, and spent Rs. 1.28bn on road maintenance and rehabilitation.
While subsidies amounted to only Rs. 32.68 lakh, the highest allocation in developmental funds went to settled districts for road construction, with Rs. 20.81bn, and tribal districts received Rs. 5.84bn.
It is important to note that during the specified 10 months, encompassing the first six months of the preceding fiscal year (January to June), expenditures were relatively lower. However, there was a notable acceleration in spending from July onwards, with a 35% increase in salaries and a 17.5% increase in pensions.
The provincial government’s strategic allocation of funds for developmental projects in both settled and tribal areas demonstrates its commitment to regional progress. Notably, Rs. 8.09bn was earmarked for settled districts in urban development programs.
This financial data, sourced from the Treasury Department under the Right to Information Act, offers transparency into the government’s fiscal activities, providing citizens with a clear understanding of how public funds are utilized.
The allocation of funds for solar tube wells is a commendable step towards supporting sustainable agriculture in the region. By investing in cost-effective technologies, the government aims to enhance agricultural practices and contribute to climate-smart farming.
In conclusion, the fiscal data from these 10 months signifies the government’s dedication to various sectors, striving for economic development and sustainability in the province.
