Punjab to unveil Rs2,600 billion budget tomorrow

By: News Desk      Published: 04:58 PM, 12 Jun, 2021
Punjab to unveil Rs2,600 billion budget tomorrow
File photo.

The Punjab government will present the budget with an outlay of over Rs2,600 billion for the financial year (FY) 2021-22 on June 14 (Monday), reported 24NewsHD TV channel on Saturday.

Sources told 24News that the tax relief of Rs6 billion granted earlier would be withdrawn from the budget.

Furthermore, they said, over Rs300 billion subsidy had been proposed in the document for the projects being run in collaboration with the government.

Similarly, a suggestion has been made to set the tax target at Rs370 billion.

Likewise, the allocation of additional funds for meeting the expenditures of provincial ministers and advisors has also been proposed.

There is a proposal to earmark Rs560 billion in the money bill for new development projects in Punjab while Rs200 billion for the ongoing projects.

The sources disclosed that increasing allocations for health and education sectors had also been suggested.

Besides that, they told, a proposal had been given to allocate Rs60 billion for ‘Sehat Cards’.

Similarly, there is a suggestion to reserve Rs30 billion under the PSDP for spreading the network of roads in the province.

Sources further said that there would be a separate budget for development schemes in south Punjab. There was a proposal to earmark Rs196 billion for the southern parts of the province under the annual development programme, they said, and added that over Rs20 billion would be allocated for development schemes in the agriculture sector.

Likewise, sources told, allocation of Rs100 billion had been proposed for uplift schemes in 36 Punjab districts under the District Development Programme, which would continue for three years.

Similarly, reserving Rs8 billion for the upgradation of Insaf Schools has also been suggested.

Under the upgradation programme, a primary school in the morning will change into a secondary school in the evening.

Likewise, launching Roller Water Supply Programme in the Punjab cities in collaboration with the World Bank is also on the cards for which there is a proposal to reserve Rs89 billion.

Road Infrastructure Programme will be launched in the province in collaboration with the Asian Development Bank at the cost of Rs80 billion.

Similarly, hefty allocations have been suggested for environment, minorities and tourism while Rs3 billion will be earmarked under the Green Infrastructure Fund.

Likewise, hefty amounts will be reserved for ‘Murghi Paal and Katta Paal’ schemes.

Reporter Ali Ramay