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Punjab presents budget of Rs2,653 billion for financial year 2021-22

Punjab presents budget of Rs2,653 billion for financial year 2021-22
June 14, 2021

LAHORE (92 News) - Punjab Finance Minister Makhdoom Hashim Jawan Bakht on Monday presented the budget of Rs2,653 billion for financial year 2021-22.

The budget session was held in the newly-constructed building of the Punjab Assembly. The total outlay of the budget has increased by more than 18% and the development budget has gained 66% compared with the current fiscal year.

Addressing the provincial assembly, Hashim Jawan Bakht presented the budget with a total outlay of Rs2.653 trillion. He mentioned that the PTI government, despite all difficulties, is raising the development budget by 86 per cent increase to Rs560billion.

Education

Jawan Bakht announced that the government has increased the education budget by 13 per cent from last year and has allocated Rs442 billion for the sector with a programme which includes establishing seven new universities in the province including an engineering university in Sialkot city with Rs7billion.

  • 10% increase in salaries, pensions proposed
  • Punjab fixes tax target at Rs160 billion for FY2022
  • Rs369 billion earmarked for health sector
  • Rs100 billion earmarked for District Development Programme
  • Rs560 billion for development
  • Rs442 billion for education
  • Rs196 billion allocated for South Punjab
  • Rs89 billion for provision of water in cities
  • Rs3 billion set aside for infrastructure development