PESHAWAR: The Khyber Pakhtunkhwa government faces a significant financial challenge as it navigates a shortfall of more than Rs 79bn rupees. The amount is required to cover its expenditures from November to February.
The provincial government has intensified its efforts to secure the allocation of funds from the federal government, aiming to bridge this fiscal gap. As per the Finance Department, the government anticipates receiving a sum of 298.38 billion rupees from the federal government during November, December, January, and February as part of its distributable revenue and the ongoing fight against terrorism.
In addition to this allocation, the province expects to receive Rs 27.32bn in net electricity benefits, Rs 28.33bn in provincial revenue, and Rs 42.26bn in funds for various districts.
According to sources, the province has also estimated an additional income of Rs 53.70bn rupees. In total, the province expects an income of Rs 450.45bn over these four months.
However, on the expenditure side, the province has estimated expenditures of Rs 529.11bn over the four-month period. This leaves Khyber Pakhtunkhwa facing a substantial shortfall of 79.11bn rupees to cover these expenditures.
The Finance Department is set to expedite its efforts to secure the outstanding budget allocations from the federal government to manage this fiscal challenge effectively.
