LAHORE, June 1: Pakistan Tehreek-e-Insaf-led (PTI) Punjab government on Friday unveiled the provincial budget with a total outlay of over Rs2.3 trillion for fiscal year 2019-20 in the provincial assembly on Friday. Presenting the budget, Provincial Finance Minister Hashim Jawan Bakht said that out of total volume, Rs3.5 trillion have been reserved for development while Rs17.17 trillion for non-development purpose.
He said that an estimate of collections worth Rs1990 billion has been ascertained for General Revenue Receipts. Punjab is expected to receive more than Rs1601 billion from federal government as its share from National Finance Commission (NFC) Award.
With an increase of 8.4 percent, more than Rs0.308 trillion have been allocated for health sector. A total of Rs1.13 trillion with an increase of 24 percent have been allocated for agricultural sector, while Rs181.60 billion have been reserved for law and order and public safety.
The provincial minister said that Rs337.60 billion will spent under salaries, while Rs245 billion would be spent under pension in the province. Rs437 billion would be released for districts under Provincial Financial Commission, while the tax income in Punjab during the next fiscal year would be Rs388.40 billion. DNA
