Tax-free people-friendly Punjab budget with total outlay of over Rs1970b unveiled
Provincial Finance Minister Dr Ayesha Ghaus Pasha presented the budget in the Provincial Assembly.
A tax-free people-friendly Punjab budget for next fiscal year with a total outlay of over 1970 billion rupees has been presented.
Punjab Finance Minister Dr Ayesha Ghaus Pasha while presenting the budget in the Provincial Assembly said Punjab is expecting an income of eleven hundred fifty four billion rupees from the federal government, and there is an estimate of provincial revenue of three hundred and forty-eight billion rupees.
She said a record six hundred and thirty five billion rupees with an increase of twenty-nine point five percent have been proposed for annual development programme.
Ayesha Ghaus Pasha said fifty-nine percent of total budget has been allocated for education, health, agriculture, law and order and local governments and one thousand seventeen billion rupees have been allocated for these sectors.
She proposed ten percent raise in the salaries of the provincial government employees and pensions. She said the minimum monthly wages of laborers and industrial workers will now be fifteen thousand rupees.
Meanwhile, commenting on the new budget Punjab Chief Minister Muhammad Shahbaz Sharif has said it will usher in a new era of progress and prosperity in the province.
In a statement in Lahore he said ample funds have been earmarked for welfare of farmers and promotion of agriculture sector in the new budget.
Shahbaz Sharif said additional funds worth billions of rupees have also been allocated for the public welfare schemes and development of southern Punjab in the upcoming financial year.