Cabinet Punjab Budget 2023 24 Highlights, Proposals

Lahore: The latest news came from the office of the chief minister of the Punjab PML-N that the Punjab government has decided to announce the Cabinet Punjab Budget 2023 24 for three months for the time period of April 2024 to June 2024 amounting to Rs. 280 billion for annual development program.

Cabinet Punjab Budget 2023 24 Highlights, Proposals

The Punjab government has recently presented its budget proposals for the next three months, aiming for approval. This Cabinet Punjab Budget 2023 24, totaling Rs.4,480.7 billion, outlines various allocations and revenue estimates. The Finance Minister of Punjab, Mian Mujtaba Shuja-ur-Rehman, presented the budget in the Punjab Assembly, albeit a bit delayed.

Cabinet Punjab Budget 2023 24 three months budget for ADP

Key highlights of the budget include revenue estimates of around Rs. 3,331.7 billion, with expectations of significant contributions from various sectors. Revenue projections include Rs. 2,706.4 billion from the federal divisible pool under the National Finance Commission, and anticipations of increased revenue collections from entities like the Punjab Revenue Authority, the Board of Revenue, and the excise department.

The budget allocates considerable funds for different sectors such as salaries, pensions, local governments, and development projects. Notable allocations include significant sums for health, education, infrastructure, and social security measures. Initiatives like the Ramazan package, free book supplies, and investments in IT infrastructure and agriculture are also highlighted.

Cabinet Punjab Budget 2023 24 Highlights, Proposals

The current chief minster of the Punjab has approved the rs. 4480 billion for the amendments of Punjab Sales tax service Act 2023 24 for these months. Check the Punjab Budget document rs. 473.6 billion allotted for the health department, rs. 127.7 billion for the server projects started by the local government and Rs. 596 billion for the education department.

The Cabinet Punjab Budget 2023 24 sessions was presented in the Punjab Assembly is set to discuss and approve these proposals over several sessions. It is a comprehensive plan aimed at addressing various needs and priorities of the province for the designated period.

author avatar
Rashid Javed