Punjab Government Budget 2022-2023 breaking news

Punjab Budget 2022-2023

Punjab presented a budget of Rs 3.226 trillion for the year 2022/2023. Budget 2022-2023 Finance Top Stories Punjab presented a budget of Rs 3.226 trillion for the year 2022/2023. June 15, 2022 LAHORE: The Punjab government on Wednesday presented its budget for 2022-2023 in which Rs 3.226 trillion has been allocated.

Punjab Government Budget 2022-2023 breaking news

Budget 2022-23 of Punjab

 Presenting the budget, Finance Minister Sardar Owais Ahmad Khan Leghari said the total budget is 22% higher than the current financial year, out of which Rs 1.712 billion has been earmarked for current expenditure. On Wednesday, Punjab Finance Minister Awais Leghari presented the Punjab Budget 2022-23 in the provincial assembly meeting at Aiwan-e-Iqbal after which Speaker Chaudhry Pervaiz Elahi adjourned the budget session amid deadlock.

Punjab Budget salary Increase

The provincial finance minister has presented the provincial budget of Rs 3.226 trillion for the financial year 2022-2023 and here you can find all the information related to the Punjab government budget 2022-2023. The Punjab government approved the annual budget and presented it in the Punjab Assembly on 13 June 2022. Punjab Provincial Minister Awais Leghari MNA presented the budget of Punjab for the financial year 2022-23 of about 3 trillion (3226 billion). Out of this 3226 billion, 1712 billion was proposed for Punjab govt. expenditure.

Punjab Budget Manual

200 billion for cheap flour is proposed for the poor. Rs 142 billion is proposed for low-cost daily necessities, fertilizers and other travel services. Rs 35 billion is proposed for road construction and repair. Rs 6 billion has been earmarked for prisons and prisoners. 3 billion for the Safe City Authority. Rs 125 billion proposed for health cards. Rs 1.5 billion has been earmarked for the CM laptop programmer.

Punjab Budget Notification

240 billion for the development of South Punjab. The minimum wage increased from 20,000 to 25,000. 30% hike in government employee’s salary, 15% differential allowance and 15% ad hoc relief 2022. Read more about government employee salaries in Punjab Budget 2022. He called it a “bad and pro-development budget”. He said the total estimated revenue for the next financial year is Rs. 2521.29 billion while the province will get more than Rs. 2020 billion from the federally appropriated fund.

Main objective of Punjab Budget 2022-23

In his budget speech, the minister said that Punjab has estimated its total revenue collection at Rs 2,521.29 billion, under which Punjab will get Rs 2,020.74 billion from the federally distributed fund, while provincial collections (Own Source Revenue) are estimated. 500.53 billion for FY 2022-23, up 24% from Rs. 405 billion for the fiscal year 2021-22. The federal minister said Rs 435.87 billion has been allocated for salaries, Rs 312 billion for pensions and Rs 528 billion for local governments. The finance minister said that no new service tax will be levied in the next financial year.

He said that in order to increase the provincial revenue, the share of stamp duty has been proposed to be increased from the current one per cent to two per cent. Awais Leghari said that 35% of the annual development program.