Budget Release Policy
Channel: Versa Learn Hub
Date: 2023-06-21

Discover the essence of the Budget Release Policy established by the Finance Department of Khyber Pakhtunkhwa in this enlightening lecture. Gain valuable insights into the systematic allocation of funds for each financial year.

Understandably, budgets encompassing receipts and expenditures for the entire year cannot be fully released on July 1st. Hence, the Finance Department follows a strategic approach. Salaries and utilities receive 100% budget release upfront, while other objects are divided into two installments. The first installment, comprising 50% of the allocated budget, is released on July 1st, with the remaining 50% disbursed after January 1st.

Honoraria, civil work, and Medical Teaching Institutes' budgets are allocated on a case-by-case basis. Meanwhile, development budgets for ongoing and new schemes receive 50% on July 1st and the remainder after January 1st. Projects nearing completion are granted a 100% release.

Expand your knowledge of the Finance Department's Budget Release Policy, enabling you to make informed decisions within the realm of fiscal management. Join us as we decode the intricacies of budget allocation in Khyber Pakhtunkhwa.