Lahore: Punjab government has presented a public friendly provincial budget with a total volume of 2653 billion Rupees for next fiscal year in the newly constructed building of Punjab Assembly.
وزیراعلیٰ پنجاب @UsmanAKBuzdar کا بجٹ 2021-22 کے حوالے سے ویڈیو پیغام:
— Government of Punjab (@GovtofPunjabPK) June 14, 2021
پنجاب P&D بورڈ @PnD_Punjab نےبجٹ 2021-22 کی تیاری میں انسانی ترقی، سماجی تحفظ اور وسائل کی منصفانہ تقسیم کو پیش نظر رکھا اور 66٪ اضافے کے ساتھ 560 ارب کا ترقیاتی بجٹ مرتب کیا#بجٹ_پورے_پنجاب_کا @HashimJBakht pic.twitter.com/fprAQUs6Gs
Volume Of The Punjab Budget
Presenting the budget in the provincial assembly in Lahore today (Monday), Punjab Finance Minister Hashim Jawan Bakht said the total volume of next fiscal year’s budget is eighteen percent higher than the last budget.
He said under the NFC Award, funds worth 1684 billion rupees will be transferred to Punjab from the Federal Government.
Provincial Receipts
He said a target of 405 billion rupees has been set for Provincial Receipts.The minister said the amount of current expenditure has been estimated as 1428 billion rupees.
Annual development program
The Punjab Finance Minister said that 560 Billion Rupees are being allocated for a record annual development program, which are sixty six percent more than ongoing development programs.
Social Sector Including Education And health
He said that 205.5 Billion Rupees have been allocated for the social sector including education and health, while 145 Billion Rupees for infrastructure development.
Special programs
He said that 91 Billion rupees have been allocated for special programs while 57.9 Billion rupees for production sectors including industries, agriculture, livestock, tourism and forests.
He said that during Covid situation, Punjab introduced a package worth 106 Billion rupees for economic restoration of public, which included a tax relief worth 56 Billion rupees to the business community.
Increase In Salaries
Hashim Jawan Bakht said that the Punjab Government has decided to raise salaries of its employees and pensions of retired employees by ten percent. Grade 1 to Grade 19 employees, who have not been granted additional allowance of any kind earlier, will be granted a twenty percent increase in their salaries on account of Special Allowance.
Minimum Wages Increased
He announced to raise the minimum wages of laborers from 17500 to 20000 rupees.
