LAHORE: The Punjab government presented a budget of the new financial year to 2019-20 in Punjab Assembly, totaling the total volume of Rs. 23.60 crores. Provincial Minister for Finance, presented the Punjab budgetary budget in Punjab Assembly. The total volume of Punjab budget is about 235 trillion rupees.
According to the details, the budget for the new financial year 2019-20 in Punjab was kept at Rs. 235 trillion, which has allocated 350 billion rupees for development projects.
Provincial Finance Minister Hashim Jagan is offering Punjab budget 2019-20, according to the document, Punjab is expected to get Rs 1494 billion in NFC, the provincial income volume will be Rs 368 billion.
The Punjab budget has been announced that 35 % of the next financial year budget is being allocated to South Punjab and it will be budgeted to spend the budget in those areas. In the budget, 437 billion has been made for local governments, while 279 billion have been allocated for service delivery costs.
350 billion have been allocated to the ongoing development programs in the province and to start new projects. Out of these, Rs 34 billion will be spent on infrastructure, while Rs 24 billion have been allocated for the production sector.
A total of Rs. 382.9 billion has been allocated for education, out of which 39 billion rupees have been kept. It has announced that the establishment of universities in five districts including Multan and Bahawalpur. Along with this, the commitment has been reiterated that a university has been established in every district of Punjab till five years complete.
The Punjab government has allocated a budget of Rs. 308.5 billion for health, which is 8.4 percent higher than the previous government’s health budget. The budget has been allocated to a maximum of 2 hospitals in Multan.
The Minister of Finance Punjab announced in his speech that 9 hospitals will be built in different cities, these hospitals will be constructed in Layyah, Multan, Mianwali, Lahore, Rahim Yar Khan, Bahawalpur, Rawalpindi, and Dera Ghazi Khan.
The District Hospital of Lahore will be ranked as Universities while the Bahawalpur The hospital will be set up as the latest Hospital.
To ensure access to the health facilities of the public, 2 billion have allocated for the cardinal card.
Because Punjab is an agricultural area, so Rs. 113.6 billion has been allocated to Punjab budget 2019-20 for the welfare and improvement of farmers, which will help farmers to be compatible with modern technology.
Salary Increase for Punjab Govt. Employees:
10% increase in salaries of the grade one up to grade 16, Similarly 5% for grade 17 to grade 20 is proposed to increase the salary of government employees while the salary of grades 21 and 22 will not be increased, retired employees’ Pension is proposed to increase by 10 %.
According to the budget document, tax the estimation has been set up to Rs 283 billion, with 36% tax increase, beauty parlors in Punjab, hairdresser proposal to bring tax net, doctors and tele-sector sector is also proposed to bring the tax net.
Speaker Punjab Assembly Pervaiz Elahi met with the budget meeting. Provincial Finance Minister Makhdoom Hashim Joo Bakhti started the budget, opposition parties began rioting and disbursed copies of the budget after which Speaker Punjab Assembly Monday Suspended the meeting.
During his speech, the Finance Minister said that the budget was allocated to 383 billion rupees for the education sector, and allocation of Rs.17 billion for Punjab facilities in 68 colleges of Punjab has been proposed. Hashim Jha Bakht says I will be made a college/ university in every 36 districts.
During the budget speech, the Minister said that 100,000 elderly people over 65 years of age will be given a monthly 2 thousand.
Hashim Jho Bukh said that a guardian program will be started for widows and orphan children costing 2 billion rupees, monthly wages will be given to widows for financial support.
In the non-development budget, only a 2 percent increase was increased by 60 percent, the growth budget was proposed 47 % from the fiscal year. Development budget in the Department of Education was kept at Rs. 382 billion 90 million. The total budget of the health sector was Rs. 308 billion 50 crores, after the increase of 24 % for agriculture was Rs 123 billion 60 crores. It is proposed to spend 181 billion rupees on public protection and security, 337 billion rupees will be spent on salary, 244 billion rupees will be Rs. 90 billion for a pension. 437 billion will be released under the financial commission ongoing expenses It is proposed to spend 1298 billion rupees per year, tax and non-tax income in the next financial year is expected to be Rs 388 billion 40 crores.
Punjab Revenue Authority will collect 166 billion rupees and board of revenue will collect 81 billion rupees.
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