The Khyber Pakhtunkhwa Cabinet Friday approved budget for the financial years 2022-23 and 2023-24 to be presented in the upcoming budget session of the assembly as required under the constitution.
The special cabinet meeting chaired by Chief Minister Ali Amin Gandapur via video-link, also approved revised estimates for the Financial Year 2022-23, essential expenditures for the current month of May (i.e till May 31st 2024) and the budget strategy for the next financial year (2024-25) after comprehensive discussions.
It is worth mentioning that budgets for the financial year 2022-23 (revised) and 2023-24 could not be approved from the Assembly as affairs of the Province were run and administered by the caretaker Government in the absence of the Assembly. The financial requirements of the Province were approved from the cabinet with different intervals as per the constitution and the law. The constitution requires that these decisions and expenditure shall have to be now presented before the Assembly after approval of the Cabinet.
The Special Cabinet meeting was convened at the Cabinet Room of the Civil Secretariat to deliberate on the Annual Provincial Budgets, with a specific focus on the province’s development sector. Comprehensive discussions aimed at fostering industrialization to bolster revenue generation and provide substantial employment opportunities across the province was noted during the meeting. Ministers, Advisors, Special Assistants, Chief Secretary, Administrative Secretaries and other government officials participated in the meeting.
The Chief Minister Khyber Pakhtunkhwa underscored the paramount importance of proposals from all departments to drive industrial growth. He emphasized on the cabinet members to move beyond the politics of basic infrastructure development, such as street paving and drainage, and instead prioritize initiatives that enhance the purchasing power of the general populace.
