Jun 17

Punjab Assembly presents fiscal budget

LAHORE: The Punjab Assembly presented its fiscal budget on Monday, Express Newsreported.

The budget for year 2013-14 presented by Minster of Finance Mian Mujtaba Shujaur Rehman is worth Rs882 billion.

“We are willing to meet challenges facing the government head-on,” said Rehman.Punjab Assembly

Below is the breakdown of amount allocated to major sectors. The amounts are rounded to the nearest billion.

Heads

Funds

Education

Rs25 billion

Health

Rs17 billion

Developmental projects

Rs93 billion

Energy

Rs20.43 billion

Security

Rs87 billion

Chief Minister House will have its expenditure cut down by 30%, Rehman said.

In addition, Rs10.87 billion has been earmarked for the provision of clean water by creating a water system.

Rs1.5 billion was allocated for the purchase of computers in schools and an additional Rs2 billion was announced for the provision of education, Rehman announced.

Moreover, Rs6.5 billion has been allocated for the construction of 2000 flats for labourers. Minimum wage was set at Rs10,000.

Under the new budget, government employees will see a salary increase of 10%.

In a move to help students, Rs1 billion was also allocated for the provision of solar energy lamps. Rs1.5 billion has been allocated for internship programs.

Restrictions were announced on the purchase of government cars.

The Punjab budget is interesting because this is the first time since the fiscal 2008 budget that Lahore and Islamabad are being governed by the same political party.

For the past five years, the PML-N has been complaining that the problems in their province have been caused by an uncooperative federal government. Now that excuse no longer exists and the PML-N will be free to pursue its desired policies in Punjab, knowing that they have the full backing of Islamabad.