On Monday, the Punjab caretaker government, headed by Chief Minister Mohsin Naqvi, approved the Rs 2073 billion budget for the next four months of the fiscal year 2023-24. The budget includes a substantial amount of Rs 1718 billion for non-development expenditures, including salaries, pensions, and other operational costs. Rs 50 billion has been allocated to provide relief packages to the masses, Rs 208 billion to the health sector, and Rs 222 billion to education.
The agriculture sector has received a Rs 10 billion allocation, while the National Health Support Program has received Rs 1.8 billion. Rs5 billion has been allocated for the provision of Punjab textbooks, Rs7.3 billion for climate change initiatives, and Rs 351 billion for ongoing development projects across the province.
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The government has also announced an allocation of funds for a 120-day period, which will be rolled out from November 1. This is to ensure that ongoing development projects stay on track and are completed as scheduled.
Budget highlights:
- Rs1718 billion for non-development expenditures
- Rs50 billion for relief packages
- Rs208 billion for health
- Rs222 billion for education
- Rs10 billion for agriculture
- Rs1.8 billion for the National Health Support Program
- Rs5 billion for Punjab textbooks
- Rs7.3 billion for climate change
- Rs351 billion for ongoing development projects
Foreign funding:
The government has also secured foreign funding amounting to Rs 33 billion to support ongoing development projects. This will ensure that the projects stay on track and are completed as scheduled.
Rs33 billion in foreign funding for ongoing development projects
The budget has been welcomed by many, who see it as a positive step towards providing relief to the people and ensuring the continued development of the province.
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