
The budget of Punjab was presented to the caretaker provincial cabinet for approval, which approved the budget for the next 4 months.
Punjab’s 4-month budget will be a head plus budget of Rs 336 billion.
According to the budget document, the salaries of government employees across Punjab have been increased by 30% and pension by 5%.
Punjab will get 3645 billion rupees under NFC in the federal budget, the revenue target has been set at 579 billion rupees, net hydel 30 billion while sales tax will get 240 billion rupees.
According to the budget document, Punjab will get 167 billion rupees from international financial institutions.
Recommendations have been made to allocate 721 billion rupees for 4 months, 116 billion rupees for pension, 325 billion rupees for ongoing development projects.
In the budget of Punjab, a target of 579 billion rupees will be set for obtaining sources of income.
It has been recommended to allocate 393 billion rupees in provincial revenue and 186 billion rupees in non-tax.
240 billion rupees in sales tax, 30 billion rupees in net hydel profit.
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