Rs1,970 billion Punjab budget unveiled for FY18

Rs1,970 billion Punjab budget unveiled for FY18

LAHORE: A tax-free people-friendly Punjab budget for next fiscal year with a total outlay of over Rs1,970 billion was presented in Punjab Assembly here Friday afternoon.

In her budget speech, Provincial Finance Minister Dr. Ayesha Ghaus Pasha said despite all difficulties, a balanced budget has been presented.

She said Punjab is expecting an income of Rs1,154 billion from the federal government, and there is an estimate of provincial revenue of Rs348 billion.

The provincial minister said a huge amount of Rs635 billion with an increase of 29.5 percent has been proposed for annual development programme.

Ayesha Ghaus Pasha said 59 percent of total budget has been allocated for education, health, agriculture, law and order and local governments, and Rs1,017 billion have been allocated for these sectors.

She proposed 10 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 Rs15,000.

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