Punjab unveils budget with Rs2,653 billion outlay
LAHORE: The Punjab government on Monday presented the provincial budget with total outlay of Rs2,653 for the fiscal year 2021-22.
Punjab Finance Minister Hashim Jawan Bakht presented the budget in the Punjab Assembly, amid protest by the opposition parties.
“This year the development budget has increased by 66% which is the biggest ever increase for ADP in a year. Total development budget for Punjab will be Rs560 billion,” he said.
He said the health development budget got a 182% increase in Punjab Budget 2021-22 with allocation of Rs369 billion. “This shows our commitment to social sector development and making health and education our top priority,” he added.
The finance minister said the universal health coverage will be provided for entire population of the province with an allocation of Rs80 billion. Every individual in Punjab will be covered under the health programme by December 2021, he maintained. Rs19bn allocated for primary and secondary health care.
Rs196 billion package announced for south Punjab. The city of Lahore with huge economic, social and cultural significance has been allocated Rs 28 billion for health, infrastructure and surface water treatment plants. Rs50 billion earmarked for business sector.
Rs442 billion earmarked for the education sector. Seven new universities will be established during the next financial year. Rs 834 million has been allocated for Rehmat-ullil-Aalamin (SAWW) Scholarships. A university will be built in Sialkot with Rs7 billion. 83,600 schools will be upgraded.
Salaries and pensions of public servants have been increased by 10 percent. 35,000 apartments will be constructed under the Naya Pakistan scheme. Rs30 billion earmarked for communication and roads development.
Rs 10 billion allocated for Economic Stimulus and Growth initiatives. “This will encourage the innovative ideas and projects that can provide the stimulus for growth,” the finance minister said.