Punjab budget with a total outlay of Rs 580.287 billion was presented before the provincial assembly here on Monday.
Unveiling the budget in Punjab Assembly , Provincial Finance Minister, Tanveer Ashraf Kaira said there is an overall increase of ninety point four one four billion rupees in the volume of the new budget as compared to that of the current financial year budget.
The revenue expenditure for the next fiscal year is estimated at 386.787 billion rupees, besides one hundred and seventy-five billion rupees development expenditures.
A salient features of the budget is that it is the first ever budget being presented after the passage of unanimously announced national finance commission award under which Punjab received a record amount of 435.5 billion rupees from the federal devisable pool taxes, one hundred and fourteen billion rupees more than received this financial year.
Fifty percent increase has also been announced in the basic salaries of provincial employees as well an increase of fifteen to twenty percent in the pension.
Forty nine point two billion rupees have been allocated for next fiscal year to train and equip the police force on modern lines.
The Punjab government is also enhancing its subsidy for pro-poor projects to twenty-one billion rupees. Of this, thirteen billion rupees subsidy will be provided on wheat, five billion rupees on Sasti Roti Scheme, two billion on Ramadan Package and one billion rupees on Public Transport.
The Finance Minister said two billion rupees have been allocated for Punjab Educational Endowment Fund, one hundred million rupees for teacher training programme, fifty-nine billion rupees for the development of infrastructure, one point six seven billion rupees for the development of tourism and one point nine six billion rupees for the promotion of Information Technolgoy.
A total of forty-three point eight billion rupees willl be spent for the promotion of health sector.
Over one hundred and thirty-five billion rupees will be spent to complete various development projects in the southern Punjab while one hundred and sixty-four billion rupees have been earmarked to make the Local Bodies Governments, the real service oriented.