Gilgit-Baltistan’s first-quarter budget for fiscal year 2026-27 will finally be tabled on Monday, after a delay caused by the slow formation of the region’s new government. Governor Syed Mehdi Shah has summoned the assembly session for 4pm at the Jutial building, where Chief Minister Amjad Hussain Advocate is expected to unveil the spending plan. Main Developments Monday’s session marks the first budget presentation under the new administration. The chief minister will present the first-quarter budget, covering July through September, after the annual budget failed to pass before the July 1 start of the fiscal year. Government formation remained incomplete following the recent political transition, pushing the budget timeline past the normal approval window. The chief minister has not yet announced his cabinet, even after assuming office. Read also: Iran's Revenge List: 13 Leaders Targeted After Khamenei Killing Background The annual budget is traditionally presented and approved before July 1 each year. This year’s delay stems from the prolonged process of forming a government after the region’s political transition. Gilgit-Baltistan operates under a semi-autonomous governance structure, with its own assembly and chief minister. The new government’s slow formation has left key portfolios unfilled, affecting budgetary planning. Why It Matters The delayed budget affects funding for public services and development projects in the mountainous region. Without an approved budget, government departments face uncertainty in spending, potentially stalling salaries and infrastructure work. The lack of a cabinet also raises questions about the administration’s ability to address regional priorities, from tourism to energy projects. What's Next The assembly will debate and vote on the first-quarter budget after Monday’s presentation. Observers expect the chief minister to announce his cabinet soon, as the budget’s approval hinges on a functioning executive team.