{
  "id": 7689832,
  "title": "GB unveils Rs218.8bn budget after long wait",
  "url": "https://urgent.news/2026/09/16/gb-unveils-rs218-8bn-budget-after-long-wait-7689832",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T02:42:25.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2030284/gb-unveils-rs2188bn-budget-after-long-wait"
  },
  "original_language": "en",
  "account": "GILGIT - The Gilgit-Baltistan government unveiled a three-month delayed budget of Rs218.845 billion for fiscal year 2026-27 on Tuesday, revealing a deficit of over Rs52 billion. Senior Minister Mohammad Ali Akhtar presented the budget in the GB Assembly, emphasizing its focus on education, health, basic infrastructure, and the welfare of the underprivileged. The budget requests additional federal funds to cover the deficit, with tax revenues targeted at Rs16.98 billion and federal funding sought to meet Rs52.65 billion. The government increased the Additional Development Program (ADP) from Rs22 billion to Rs23 billion, and the federal PSDP allocation was raised from Rs15 billion to Rs20.973 billion. GB requested a stabilisation package of around Rs153.30 billion from the federal government, targeting various sectors such as local governments, law and order, education, health, tourism, and climate change initiatives. The minimum wage for employees in government and non-government institutions was raised from Rs40,000 to Rs44,000, and Rs1 billion was allocated for social protection and a Rs4 billion endowment fund for the social sector. The budget also allocated funds for improving the health, education, and agriculture sectors, as well as for youth loans, local bodies elections, and infrastructure renovation.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "GB unveils Rs218.8bn budget after long wait",
        "url": "https://urgent.news/2026/09/16/gb-unveils-rs218-8bn-budget-after-long-wait",
        "published": "2026-09-16T02:42:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}