Saturday, October 1, 2022

Punjab cabinet approves budget for fiscal year 2021-22

Punjab cabinet approves budget for fiscal year 2021-22

LAHORE (92 News) - The Punjab government on Monday has approved the proposed budget for the fiscal year 2021-22 with an estimated total budget outlay of Rs2.653 trillion.

The budget has been approved including an Annual Development Programme (ADP) worth Rs560 billion.

Punjab Finance Minister Hashim Jawan Bakht presented the budget while the Punjab Cabinet authorized the 10 per cent increase in salaries and pension of provincial employees and also passed forward the decision to increase the minimum wage of workers from Rs17,500 to Rs20,000.

Punjab Chief Minister (CM) Usman Buzdar rejected the proposal to increase agricultural tax. He said that they will not make burden on the farmers, adding that the government will make the farmers more prosperous and will provide relief.

He further said that budget is not a magic of statistics, it is a real document based on balanced development, the job of incompetent opposition is just to make noise.