Tuesday, August 9, 2022

Punjab budget presented, Rs 685 billion allocated for development program

Punjab Finance Minister Owais Leghari has said that he has not seen a more active leader than Shahbaz Sharif. The previous government has set several records of corruption.

Addressing the budget meeting held in Aiwan-e-Iqbal under the chairmanship of Deputy Speaker Punjab Assembly Dost Muhammad Mazari, Finance Minister Owais Leghari said that there was no such thing as government in Punjab in last three and half years, no development in last three and half years. The plan was not completed, the growth rate was increasing rapidly during the Muslim League era, 51 51 billion was invested under C-Pack.

Owais Leghari said that the PML-N government has already eliminated load shedding and will continue to do so. The league’s health card was renamed the Justice Card.

He said that the number of students in Punjab schools has decreased in the last three years, the previous government did not even pay attention to the development of social sector, during the Muslim League era cancer patients were treated for free.

Presenting the budget for the year 2022-23, the provincial finance minister Owais Leghari said that the total volume of the budget is Rs. 3,226 billion, the total revenue has been estimated at Rs. With Rs 95 billion allocated, Rs 163.53 billion has been estimated in terms of non-tax revenue.

He said that Rs.435.87 billion has been earmarked for salaries in next financial year, Rs.528 billion has been allocated for local governments, Rs.685 billion has been allocated for development program with 22% increase, from excise department. With an increase of 2%, Rs. 43.50 billion has been set aside, Rs. 312 billion has been earmarked for pension and Rs. 685 billion has been proposed for development program.

Owais Leghari said that Rs. 41 billion has been allocated for other development schemes, no new tax is being levied in the budget, Rs. A huge amount of money has been allocated, the supply of cheap flour for the common man is being ensured.

Provincial Finance Minister Owais Leghari said that it is proposed to increase the rate of stamp duty in urban areas from 1% to 2% while Rs 365 billion has been allocated in the development budget for the schemes already underway.

The provincial finance minister said that 40 per cent of the development budget would consist of social sector, 24 per cent infrastructure, 6 per cent of the development budget would consist of production sector and 2 per cent services sector while 28 per cent would be included in the development budget for other programs and special measures. Funds have been allocated.

He said in the budget speech that in the total budget it is proposed to allocate Rs 485.26 billion for the health sector, Rs 296 billion in the health budget for non-development expenditure and Rs 174.50 billion in the health budget for development funds. 10% more funds are being allocated for the health sector.

Owais Leghari said that South Punjab has decided to allocate 35% of annual development program, Rs.240 billion has been allocated for South Punjab, a total of Rs.272.60 billion has been allocated for social sector, public-private partnership. Rs. 45 billion has been allocated for education, Rs. 428.56 billion has been proposed in the total budget allocated for the education sector, Rs. 3.20 billion has been allocated for the provision of free textbooks in schools. 3 billion 75 crore has been allocated for this.

Presenting the budget of Punjab, the provincial finance minister said that Rs 1.5 billion has been allocated for construction of new Danish schools in next financial year. Rs 21.50 billion has been allocated for PEF under public-private partnership program. It is proposed to increase the salaries of government employees by 15% and pensions by 5%. Special allowance has been proposed to reduce the widening gap between inflation and income rates. The minimum wage is being increased from Rs 20,000 per month to Rs 25,000 per month.

He said that a total of Rs. 23.83 billion has been allocated for the industrial sector. It has been decided to restore the supply of free medicines in government hospitals from July 1, 2022. Free medicines for the poor across the province from July 1. The Chief Minister’s Laptop Scheme is also being revived.

Provincial Finance Minister Owais Leghari said that a huge amount of Rs. 1.52 billion has been allocated for special education sector, Rs. Rs.100 million has been allocated for the provision of facilities in Mianwali and Hassan Abdal Cadet Colleges. A total amount of Rs.59.07 billion has been allocated for the higher education sector.

He said in his budget speech that a total of Rs. 470 billion has been allocated for the health sector in the next financial year, Rs. 84 crore has been allocated for agriculture, a total of Rs. 53.19 billion has been allocated for agriculture sector.

Owais Leghari said that Rs. 163.51 billion has been estimated in terms of non-tax revenue, 95% concession in registration of electric vehicles and token tax is being continued, Rs. 3.65 billion for agriculture program in the budget. Rs. 1 crore has been allocated, 8 new projects will be started at a cost of Rs. 2.30 billion for research in agriculture sector, a total of Rs. 53.32 billion has been allocated for irrigation, Rs. Rs. 27.63 billion has been allocated in the irrigation budget for development expenditure.

Presenting Punjab for the next financial year, Finance Minister Owais Leghari said that Rs. 80.77 billion has been allocated for construction of roads and bridges and Rs. 4.80 billion has been allocated for PEIMA.

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