Rs 2240bn Punjab Budget 2020-21 presented

Jahangir Hayat

LAHORE: Punjab Finance Minister Makhdoom Hashim Javan Bakht has
presented the budget 2020-21 in the Punjab Assembly with a total
outlay of Rs2240 billion on Monday.

The provincial government has proposed to allocate Rs8.73 billion for
the forest department. Furthermore, Rs13.30 billion has been allocated
for the livestock sector, meanwhile, Rs31.73bn has been allocated for
the agriculture sector.

“The provincial tax collection recorded an increase of 13 percent,
whereas, Rs144bn were distributed among the needy under the Ehsaas
Program,” said Bakht.

A sum of Rs391 billion have been allocated for the education sector
and Rs 3 billion have been allocated for Danis schools.

A handsome amount of money has been allocated for the upgradation of
schools, while Rs37 billion have been allocated for higher education.

Over 1 billion have been allocated for Hunarmand Program, while Rs
6.87 billion have been allocated for vocational training of youth.

A total of Rs2 billion have been allocated for religious tourism and
setting up new tourist centers, whereas, the salary budget has been
frozen at Rs337.60bn.

The entertainment duty rate is proposed to be reduced from 20pc to
5pc. All cinemas are proposed to be exempted from entertainment duty
till June 30, 2021.

A total of Rs 337 billion has been allocated for the development
budget for the next financial year. Rs 97.66 billion has been
earmarked for the social sector in the annual development program,
whereas, Rs 77.86 billion has been allocated for infrastructure
development.

A sum of Rs 17.35 billion has been allocated for the production sector
and Rs. 45.38 billion for the services sector, whereas, Rs 51.24
billion has been allocated for other sectors.

A total of Rs 47.50 billion has been earmarked for special programs,
informed the minister whereas, Rs 25 billion has been allocated for
the Public Private Partnership (PPP).

Hashim Jawan Bakht said the provincial government has allocated Rs106
billion for the Covid-19 pandemic, whereas, Rs284 billion has been
reserved for the health sector.

“The provincial tax collection recorded an increase of 13 percent,
whereas Rs144bn were distributed among the needy under the Ehsaas
Program,” said Bakht.

He said that the government has allocated Rs13.30 billion has been
allocated for the livestock sector, meanwhile, Rs31.73bn has been
allocated for the agriculture sector.

Earlier, Chief Minister Punjab Sardar Usman Buzdar chaired a
provincial cabinet meeting, which unanimously approved the budget
proposals for fiscal year 2020-21, besides finance bill 2020.

Supplementary budget 2019-20 and revised estimates for the financial
year 2019-20 was also approved in the meeting.

On this occasion the Chief Minister said that as per the vision of
Prime Minister Imran Khan steps have been proposed in the budget to
provide relief to the common man.

Rs 2240bn Punjab Budget 2020-21 presented
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