Azad Jammu and Kashmir government presented the budget for the next fiscal year with a total outlay of over 163 billion rupees in Legislative Assembly in Muzaffarabad on Saturday.

Presenting the budget, Minister for Finance Abdul Majid Khan said total revenue has been projected to the tune of over 170 billion rupees.

He said 135 billion rupees have been proposed for ongoing expenditures while 28 billion rupees for new development schemes.

The Finance Minister said 62 percent funds have been proposed for ongoing 389 schemes while 38 percent for 263 new schemes.

He said that 69 percent of the ADP will be spent on the development of infrastructure, 12 percent on the production sector, and 19 percent on social sector schemes.