AJK Pre-Budget 2013-14

November 17, 2013

First budget meeting of Azad Jammu & Kashmir Council held under the chairmanship of Sardar Muhammad Yaqoob Khan, President Azad Jammu & Kashmir and Vice Chairman of AJK Council. Ch. Muhammad Barjees Tahir presented the AJK Council's budget for the year 2013-14. Prime Minister Azad Jammu & Kashmir Ch. Abdul Majeed and Council's members were also present in the meeting.

Expenditures of AJK Council for the year 2013-14 are expected to be Rs. 14483 million whereas revenue receipts are Rs. 10932 million. Last year's budget was Rs. 9594 milion. Tax revenues are expected to be Rs. 10932 million compared to Rs. 8385 million of last year. A 30% cut in operational expenditures is proposed in the budget. Development budget has been increased considerably. Main focus of the budget is ongoing schemes to avoid cost overrun.