Punjab govt presents budget 2020-21 with total outlay of Rs2240 billion

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Punjab govt presents budget 2020-21 with total outlay of Rs2240 billion

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 agriculture sector.
“The provincial tax collection record 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 education sector and Rs 3 billion have been allocated for Danis schools.
A handsome amount of money has been allocated for the upgradation f schools, while, Rs37 billion have been allocated for the higher education.
Over 1 billion have been allocated for Hunnermand 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 record 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.

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