Last Updated on July 20, 2023 by Ilmilog Guru
However, the federal budget has updated here on 11th June Friday. Therefore, there are PTI governments in the federal and Punjab province. So, there is a similarity in the budget of both Punjab and the federal government.
Punjab Budget Speech Pension 5% & Salary Increase 30%
In addition, Hashim Jawan Bukht Finance minister has announced a 10% salary for govt employees. Similarly, he has said that retired employees will get a 10 percent pension.
In other words, the Punjab govt has followed the capital of Pakistan. Therefore, there is a 10% salary increase in both areas.
In the Punjab budget speech, there is no. 38 for govt employees. It has been written there that We are aware of the plight of government employees. Therefore, we have increased salaries and pensions this time. As you know that the govt has not increased last time in the budget 2020.
- Pay Chart 2021-2022 After 10% Salary Increase in Budget
- Budget Speech Urdu 2021-2022 Pay & Pension Increase 10%
At that time the government was in trouble financially. So, we could not work on salaries at that time.
Salary and Pension:
- The employees of Punjab will get a 10% salary on running basic pay as Adhoc Relief Allowance ARA-2021.
- Another Special Allowance 2021 @ 25% will also be given to 7 Lac 21 thousand employees of Punjab. This Special allowance for Punjab employees will be on the initial basic pay scale of 2017.
- 10% pension has increased for retired employees.
At last, our team is working on a new salary calculator for employees. We will update soon on this website. Keep visiting these pages. This new calculator will calculate the exact salary increase for all employees.
We work on MS Excel sheets for this calculator. I have uploaded here many calculations like that. If you need then search and download them.
Budget Speech 2021 pdf:
The budget speech you may download is full in pdf format. One page for government employees only.
The Punjab Budget Speech for 2023 has brought good news for pensioners and government employees alike. The 5% increase in pensions and 30% salary hike demonstrates the government’s commitment to addressing the challenges faced by these two significant segments of the workforce. The move not only acknowledges the contributions of pensioners and public servants but also aims to alleviate their financial burdens and enhance their overall well-being.
While the increase in pensions and salaries will likely have positive effects on the economy and society, it is crucial for the government to maintain a balanced fiscal approach. Effective implementation and monitoring of these initiatives will be vital to ensuring their long-term sustainability and impact. By taking these steps, the Punjab government is setting a positive example for other regions in Pakistan and emphasizing the importance of prioritizing the welfare of pensioners and government employees in the budgetary planning process.