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KP Government Expects RS 52 Billion Revenue Collection

Peshawar: Taimur Saleem Jhagra, the finance minister for Khyber Pakhtunkhwa, stated that the government aimed to collect Rs 52 billion in revenue for the current fiscal year.

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The minister noted that the province’s own revenue has expanded significantly over the previous three years while speaking during the release of the Actual Revenue and Expenditure Report, 2019–20.

The province’s own revenue, according to the minister, increased from Rs 31.8 billion in 2018–19 to Rs 42.3 billion in 2019–20, a record given the epidemic that dominated the second half of the year.

According to the study, spending by the provincial government increased by 22%.

The current revenue, which includes pay and non-salary expenses for the combined tribal districts, went from Rs 369 billion to Rs 455 billion, according to the report.

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According to the report, loan repayments made up the majority of the current account’s capital expenditure, which rose from Rs. 8.7 billion to Rs. 10.1 billion.

According to the report, the provincial government was forced to streamline the ADP by cutting projects due to the unsustainable tendency.

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