Home Business Punjab unveils Rs1.977 trillion budget for the year 2017-18

Punjab unveils Rs1.977 trillion budget for the year 2017-18

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LAHORE: Punjab Finance Minister Dr. Ayesha Ghaus Presented The Fifth Provincial Budget for the Upcoming Fiscal Year 2017-18 with total outlay of Rs1.977 billion.

The Budget session was presiden over by Punjab Assembly Speaker Rana Muhammad Iqbal Khan, and also Attendee by Chief Minister Muhammad Shehbaz Sharif.

Agriculture

The Government has Allocated 20 billion for agriculture in the province.
Development Programs

Allocated Rs635 billion for the Annual Development Program.
Rs 95 billion for roads.
Rs57 billion have been Allocated for Water and Sanitation.
Health

A total of 341 billion have been Allocated for Education in Punjab.
Rs57 billion have been fixed for the Health Sector.
Rs 20 billion have been fixed for DHQs, THQs.
Primary Healthcare will get a boost RS1 billion in the next fiscal year.
Salaries & Pension

A raise of 10 percent has been made in the salaries and pensions of provincial government employees.

Education

Rs52.35 billion will be Allocated for school education.
A sum of Rs230 billion has been set aside for District Education Authorities.
Rs28 billion have been fixed for Providing basic facilities at government schools.
Rs6.03 billion have been set aside for construction of new schools Classrooms in Punjab.
Increase of 10 percent in the salaries of employees Govt

The Government of Punjab has proposed a 10 percent Increase in the salaries and pensions of the government employee in the Budget for the fiscal year 2017-18.

The Government has Allocated a total of Rs 285 billion for salaries whereat Rs 173 billion for Pensioners in the budget for the Upcoming Year.