Provincial budget Punjab

Source :    Date : 13-Jun-2017

Total outlay of Rs1681.41 billion

 

General revenue receipts are estimated at Rs1319 billion (as the provincial government would receive a total of Rs1039 billion from federal divisible pool under National Finance Commission (NFC) Award.)

 

a total of Rs280 billion will be generated from province's own revenues which include Rs184.40 billion in tax revenue and Rs95.61 billion in non-tax revenue.

 

Rs550 billion allocated for the annual development programme, Rs168.87 billion have been proposed for vital social sectors which include education, health, water supply and sanitation, women development and social security.(some 41.7 per cent higher than the current Rs119.2bn.)

 

Development budget for social sector consisted of 31 per cent of the total ADP.

 

Development programme of Rs550 billion was 37.5 per cent higher than the Rs400 billion ADP of current financial year ending June 30, 2016.

 

The provincial government has earmarked Rs20 billion for the agriculture sector

 

Rs 10 billion for Khadim-e-Punjab Kissan Package.

 

 

Provincial government has allocated Rs1,584 million for Social Welfare and Baitul Maal department

 

The provincial government has allocated Rs7.5 billion for industrial development

 

According to budget documents, Rs3.086 billion will be spent on salaries of the employees, whereas remaining amount of Rs4.474 billion has been reserved for non-salary expenditure.

 

The Rs73.3bn allocation for education includes Rs47.76bn plus foreign aid of Rs87.5 million for school education, Rs17.218bn for higher education, Rs962m for special education, Rs1.9bn for literacy and Rs5bn for sports.

 

The government has also allocated Rs46.86 billion for the higher education sector and this budget will be utilised for construction of additional university buildings in Sialkot, Bahawalpur, Rahim yar Khan, Faisalabad and Multan besides provision

 

The government in next fiscal plans to spend Rs50bn on Khadim-i-Punjab School Strengthening Programme.

 

A sum of Rs4bn has been earmarked for the Punjab Education Endowment Fund (PEEF), while Rs3bn set aside for the construction of four new Daanish schools in Mankera (Bhakkar district) and in Taunsa (D.G. Khan district). Two Daanish schools are already under construction in Tibba Sultanpura (Vehari district).

 

 

A women university and an IT & Engineering University will also be established in Sialkot.

 

The government has earmarked Rs43.8bn for health – Rs24.5bn for specialised healthcare and medical education; Rs18bn for primary and secondary healthcare; and Rs1.3bn for population planning.