Punjab, KP all set to unveil provincial finances for fiscal yr 2022-23 in the present day

Representational image of money. — AFP


Representational image of money. — AFP
Representational image of money. — AFP
  • Punjab allocates Rs683.5 billion and KP Rs350 billion for development outlays.
  • Punjab reserves over Rs127b for health card and 15% pay raise.
  • KP reserves Rs440b under 15% raise in salaries.

LAHORE/PESHAWAR: The provincial government’s of Punjab and Khyber Pakhtunkhwa (KP) are all set to present the budget for fiscal year 2022-23, with a development outlay of Rs683.5 billion and Rs 350 billion, respectively.

Punjab will unveil the provincial budget with a total allocation of Rs3.226 for the incoming fiscal year, with over Rs127 billion reserved for the health card and a 15% pay raise, The News reported Monday.

Meanwhile, the Punjab government has decided to appoint Sardar Awais Laghari to the portfolio of finance minister to present the budget in today’s session summoned by Punjab Governor Balighur Rehman.

The government has planned an over Rs350 billion subsidy package in the budget, including Rs200 billion for flour subsidy and Rs134 billion for other subsidies. A new subsidy of Rs15 billion is earmarked to the power consumers with up to 200 units consumption. Further, the subsidy on public transport will also continue. The government intends to increase the subsidy on public transport to encourage people to use it and reduce personal vehicles to reduce petrol consumption.

Like the federal government, the Punjab government has also decided to increase salaries and pension of employees with a similar proportionate alongside merging the previous ad hoc increases into the basic salary. By doing it, almost a 20% real time increase will be in the salaries.

The Punjab government will also continue the PTI’s flagship project of health card with a whooping allocation of Rs127.34 billion. According to the proposed plan, the total allocation for the Annual Development Plan (ADP) 2022-23 is Rs683.5 billion.

The health sector has the highest allocation with Rs173 billion, including Rs152 billion for specialised healthcare and medical education and Rs21 billion for primary and secondary healthcare. The special initiatives/programmes have the second highest allocation of Rs110.5 billion, while the road sector has the third highest allocation with Rs78 billion. The education sector’s total development allocation is Rs56.2 billion. School education gets Rs39 billion, higher education Rs13 billion, special education Rs1.2 billion and literacy and non-formal education Rs3 billion.

According to the proposed plan, Rs7.5 billion was earmarked for sports and youth affairs, Rs2.4 billion for population welfare, Rs1.6 billion for social welfare, Rs11.95 billion for water supplies and sanitation, while Rs900 million for women development.

The government has planned to allocate Rs19.05 billion to local government and community development projects, Rs78 billion to roads and infrastructure, Rs27.63 billion to energy, Rs21.37 billion to urban development, Rs14.77 billion to agriculture, Rs4.5 billion to forestry, Rs990 million to wildlife, Rs1.1 billion to fisheries, and Rs500 million to food department development projects.

According to the proposed ADP, the government has allocated Rs12.5 billion to industries, commerce and investment, Rs4.29 billion to livestock and dairy development, Rs1.5 billion to mines and minerals, Rs1.22 billion to tourism, Rs6 billion to governance and Information Technology, Rs500 million to labour and HR development, Rs6.32 billion to transport, Rs1.8 billion to the emergency services (Rescue 1122), Rs5 billion to environment and climate change, Rs530 million to information and culture, Rs700 million to archaeology, Rs680 million to Auqaf and religious affairs, Rs2.5 billion to Human Rights and Minority Affairs, Rs28 billion to planning and development, Rs31.5 billion to south Punjab development programs, Rs4 billion to priority programs, Rs5 billion for land acquisition and VGF for development projects, Rs10 billion for road rehabilitation program, Rs58.5 billion to sustainable development program, Rs1.5 billion for solarization or irrigation and water supply system and Rs45 billion for public private partnership programs.

On current expenditure, the education sector received the highest allocation of over Rs415 billion, followed by the health sector of Rs370 billion, excise and taxation department Rs367 billion and police department Rs150 billion. The planning and development department was earmarked Rs104 billion, local government and community development Rs100 billion.

KP finance minister to present provincial budget

KP Acting Governor Mushtaq Ahmad Ghani has convened a special session of the House for the budget. Provincial Minister for Finance Taimur Salim Jhagra will present the budget at the assembly session to be held at 2pm, as per The News. The government employees may get a 15% raise in salaries as Rs440 billion has been allocated for salaries. The pensioners may get a 5% hike and the pension bill has been put at Rs 105 billion.

Allocations of more than Rs222 billion have been suggested for the merged districts as the province expects to get Rs68.50 billion on account of the war on terror due to which the province suffered badly; Rs 550 billion is expected as a share from federal taxes, more than Rs30 billion on account of royalty on oil and gas and over Rs61 billion as net hydel profit. The budget documents showed over Rs80 billion revenue target was expected to be achieved from provincial taxes while Rs90 billion in foreign aid has been included in the budget.



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