Punjab’s budget for the new financial year of Rs 3,226 billion was presente.
Punjab’s budget of Rs 3,226 billion presented for the new financial year Rs 685 billion proposal for development program. Total revenue estimate Rs 2,521.29 billion allocated. Therefore, 10% more funds being set aside for health sector; Rs 428.56 billion proposal for education.
Budget speech of Provincial Minister Owais Leghari Punjab budget of 3,226; billion has been presente for the new financial year. According to details, the budget session of the Punjab Assembly in Aiwan-e-Iqbal started with the recitation of Holy Quran.
The total volume of Punjab budget 2022-23 is Rs. 3,226 billion, total revenue is estimate at Rs. 2,521.29 billion. The target of the Board of Revenue is Rs. In the next financial year; Rs 435.87 billion has been earmarked; for salaries Rs 312 billion has been earmarked for pension. And Rs 528 billion has been allocated for local governments.
He said that Rs.685 billion has been allocated for development program. with 22% increase, Rs.43.50 billion has been set. Aside with 2% increase from excise department;
Rs. 1,712 billion has been propose for ongoing expenditure; A significant amount of Rs 200 billion has been allocate. Under the Chief Minister’s Public Facilitation Package; to ensure supply of cheap flour to the common man.
In urban areas; it is propose to increase the rate of stamp duty from 1% to 2%. Rs 365 billion is being allocate in the development budget; for the ongoing schemes. Furthermore; 40% of the development budget is for social sector and 24% for infrastructure.
development budget
The development budget consists of 6% production sector and 2% services sector. In the development budget; 28% funds will be allocate for other programs and special initiatives.
Owais Leghari said that 10% more funds are being allocate for the health sector. The health budget has allocated Rs 296 billion for non-development expenditure. Rs 174.50 billion has been allocate for development funds in the health budget, total budget.
It is propose to allocate Rs. 485.26 billion for the health sector. A significant amount of Rs. 240 billion has been allocate for South Punjab.
Similarly; Rs 60 crore has been allocate. The provincial minister said that the people have not seen. The previous government had set several records of corruption.
No matter, no development project has been complete. He said that in the last three and a half years. In addition; the growth rate was increasing rapidly under PML-N. Under C-Pack, 51 51 billion was investe. Above all; the PML-N government has already eliminated load shedding. We will do it now.
