The proposals for the provincial budget for the fiscal year 2023-24 were presented to the Punjab Assembly
The budget size is 4480.7 billion rupees, the total revenue is estimated at 3331 billion 70 crore rupees.
2706 billion 40 crore rupees will be obtained for Punjab from the distributable income of the federation under the NFC award.
In terms of provincial revenue, it is estimated to be 625.30 billion rupees with an increase of 25% from last year
LAHORE ( Web News )
The proposals of the provincial budget for the fiscal year 2023-24 for 3 months have been presented for
approval in the Punjab Assembly. The total amount is 4480.7 billion rupees. The total income has been
estimated at 3331 billion 70 crore rupees. According to the NFC award, 2706 billion 40 crore rupees
will be obtained from the distributable income of the federation for Punjab, while in terms of provincial
revenue, it has been estimated to be 625.30 billion rupees with an increase of 25% from last year, in
which Punjab will receive Rs. 240 billion rupees with an increase of 26%, 99.20 billion rupees with an
increase of 4% from the Board of Revenue and 45.50 billion rupees with an increase of 5% from the
Excise Department. In terms of non-tax revenue, an increase of 42% has been estimated at 231.80
billion rupees. In the current fiscal year, 513.73 billion rupees for salaries, 392.10 billion rupees for
pensions, while 627.70 billion rupees have been allocated for local governments. Fiscal year 2023-24.
The development budget is estimated at 655 billion rupees, while the amount allocated for projects /
programs / grants supported by foreign aid is 113.2 billion rupees. 36% of the development budget
consists of social sector, 39% infrastructure, 8% production sector and 4% services sector. Similarly,
13% of the development budget has been allocated for various programs and public welfare special
initiatives. The budget was presented by Provincial Finance Minister Mujtabi Shujaur Rahman. 2074
billion rupees. Social security measures are estimated at 20 billion rupees, the rate of increase in
salaries and pensions of provincial employees is 35% in the basic pay scale for grades 1 to 16, while the
increase in salaries is 30% and 17% in pension according to the basic pay scale of grades 17 to 22. has
been done A provincial database authority will be established with 50 crore rupees so that there is
accurate data for various sectors and accurate planning is possible according to the needs of urban and
rural areas. A total of 473.62 rupees have been set aside for the health sector. The provincial
government will start four programs for complete overhauling of rural health centers and primary
health centers with 40 billion rupees so that no citizen is deprived of the right to health. 30 billion.
Nawaz Sharif Institute of Cancer Treatment and Research will be constructed in Lahore from Rs.50
crores initial amount has been kept in the development budget of the last three months of this financial
year. 45 billion rupees have been earmarked for the pro-people and pro-poor health insurance program
in the current financial year. New day care centers will be established for working women across Punjab
from one billion rupees. An amount of 1.40 billion rupees has been allocated in the development budget
for the welfare of religious minorities. A total of 79.12 billion rupees has been allocated for the
development of agriculture sector. A total amount of 25.75 billion rupees has been allocated in the
transport sector for travel facilities. A journalist endowment fund will be established with one billion
rupees to provide the best medical treatment for media works as well as to support the families of
martyred or deceased media works. Along with this, 82 roads and highways will be constructed from
320 billion rupees. A major repair program is being initiated through which 2659 km long roads will be
repaired. 5 billion rupees will be spent on the project of “Apna Chhat, Apna Ghar” program along with
Rs. Under Sathra Punjab, a program of 2 billion rupees for solid waste management, 5 billion rupees for
the repair of streets and sewers, while a project of CM Plant for Pakistan will be started with 1 billion
rupees. The House was told that Nawaz Sharif came to Lahore with 10 billion rupees. T-City, Global IT
Certification Program with one billion rupees and Punjab Dastak program with 25 crore rupees will be
started from which people will be able to benefit from 43 government services sitting at home. For
important social sectors such as education, health, water supply and sanitation, women’s development,
sports and youth affairs, welfare and social security, the Punjab government has allocated 236.37
billion rupees, which is 36% of the development budget of the current financial year. A total of 595.8
billion rupees have been reserved for the education sector in the current fiscal year, of which 537.40
billion rupees have been reserved for the non-development budget, which is 26 percent of the total non-
development budget of the current fiscal year. 57.68 billion rupees have been allocated for the
development budget of the education sector, which is 9% of the total development budget. Of the total
development budget allocated for the education sector, 44.41 billion rupees are allocated for school
education, 9.36 billion rupees for higher education, while the department of literacy and other 2.99
billion rupees have been earmarked for formal education and 92 crore rupees for special education.