Budget Approval and Key Allocations
The Jammu and Kashmir (AJK) Legislative Assembly on Monday approved a budget exceeding Rs 262 billion for the fiscal year 2026-27, allocating Rs 32 billion for the Annual Development Programme (ADP). Finance Minister Chaudhry Qasim Majeed presented the budget during a session presided over by Speaker Chaudhry Latif Akbar. The minister stated that tax and non-tax revenue for the coming fiscal year is estimated at Rs 262 billion, matching current expenditure estimates.
Development and Salary Increases
The Rs 32 billion ADP allocation will be provided by the Government of Pakistan. Following the federal budget announcement, the finance minister announced a seven percent increase in salaries for government employees. He detailed that 31 percent of the development budget is allocated to the social sector, 12 percent to the productive sector, and 57 percent to communication and road infrastructure. Over Rs 26 billion is earmarked for ongoing development schemes, while nearly Rs nine billion is for new schemes.
Approval Without Debate
After the budget speech, the Legislative Assembly approved the budget and revised estimates for the current fiscal year on the finance minister's motion, suspending relevant Rules of Business, without any debate.
