Punjab cabinet okays Rs32.26 trillion budget
Rs685b with 124pc increase earmarked under head of development budget | Employees’ salaries up by 15pc; employees of specific departments to be given 15pc disparity allowance too
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The Punjab cabinet on Monday approved the proposed budget for the fiscal year 2022-2023 with an estimated total budget outlay of Rs32.26 trillion, reported 24NewsHD TV channel.
The provincial cabinet also approved the supplementary budget for the fiscal year 2021-2022.
The cabinet meeting also approved the financial bills of the new financial year and the revised estimates for the financial year 2021-22.
Provincial ministers, Punjab chief secretary and secretaries of the departments concerned attended the cabinet meeting which was chaired by Punjab Chief Minister Hamza Shehbaz.
The provincial government has allocated over Rs25 trillion under the head of non-development expenditure.
Whereas, an amount of Rs685 billion, with an increase of 124 per cent, has been allocated under the head of development budget.
A raise of 15 per cent has been approved in the salaries of the government employees.
The government employees will also be given 15 per cent disparity allowance with increased salaries.
In this way, the overall raise in the salaries of the government employees will be 30 per cent.
However, the disparity allowance will be given to the employees of specific government departments.
On the other hand, a raise of 10 per cent has been approved in the pensions of the government employees.
Moreover, pensions of the government employees will be increased further by 5 per cent on the pattern of the federal government’s employees.
In this way, the overall increase in the pensions of the Punjab government employees will be 15 per cent.
Moreover, Rs127 billion worth of funds have been allocated for the health card scheme, whereas, Rs1.72 trillion worth of funds will be spent on the development projects in the health sector.
It has also been approved to allocate Rs3 trillion under the head of non-development expenditure in the health sector.
Besides, the middleclass will be given a subsidy of Rs15 billion on 200 units of electricity.
Funds amounting to Rs415.55 billion have been allocated for education. Rs39 billion worth of funds have been allocated for the school education, whereas, Rs13.50 billion worth of funds have been allocated for the higher education.
Furthermore, Rs1.5 trillion have been allocated for Punjab police.
Rs1.31 billion worth of funds have been earmarked for public relief package on emergency bases, whereas, Rs38 billion worth of non-development fund will be released for agriculture.
Lahore will get Rs60 billion for the development projects, whereas, Rs365 billion worth of funds will be spent on the ongoing projects in Punjab.
The Punjab government will also launch new projects with Rs233 billion worth of funds, and, an 11 per cent increase will be ensured in the infrastructure development.
Funds for the rehabilitation of roads has been increased by 25 per cent.
Reporter: Umar Aslam