GB unveils Rs218.8bn budget after long wait
GILGIT: The Gilgit-Baltistan government on Tuesday presented a three-month delayed budget of Rs218.845 billion for fiscal year 2026-27, with a deficit of over Rs52bn, seeking additional funds from the federal government to meet various liabilities. It may be mentioned here that in July, the GB government had presented a Rs20.478bn interim budget for the first quarter of FY27 and announced that…
The Gilgit-Baltistan government unveiled a budget of Rs218.845 billion for the fiscal year 2026-27, three months after the previous budget was submitted. The budget exhibited a deficit of over Rs52 billion, necessitating additional funding from the federal government. Senior Minister Mohammad Ali Akhtar, who also oversees finance, presented the budget to the GB Assembly.
The budget, which took into account the limited time between the end of the previous financial year and the beginning of the new one, emphasized education, health, infrastructure, and the welfare of underprivileged populations. It allocated Rs43.97 billion for development projects and Rs149.87 billion for non-development expenses.
The federal government's stabilisation package, worth around Rs153.30 billion, was requested to ensure economic and administrative stability. Key allocations include Rs63.57 billion for salaries, Rs1.048 billion for education, and Rs50 million for youth loans, local body elections, and office renovation. The government also pledged to divert one percent of development funds to a consolidated climate account.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
