Punjab Cabinet Approves RS3 Trillion budget 2022-23

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The provincial cabinet approved the Rs 3 trillion annual budget for fiscal year 2022-23 on Monday, in addition to an overall development funds.

Under the chaired of Punjab Chief Minister Hamza Shehbaz, the cabinet approved a financial bill for 2022-23, as well as revised estimates for 2021-22.

The provincial cabinet has approved a 15% increase in government employee salaries and pensions, as well as a 15% special allowance.

Employees will receive a 15% raise in basic pay and a 15% disparity allowance, according to details.

Employees will receive a 15% raise in basic pay and a 15% disparity allowance, according to details.

The disparity allowance, however, will be restricted to certain departments of the provincial government.

Awais Leghari, Punjab’s provincial minister, will present the province’s budget for fiscal year 2022-23 today (Monday), with a total outlay of around Rs 3 trillion.

According to sources, no new taxes will be charged in the budget, and existing special concessions and incentives will be maintained.

Furthermore, Rs683.5 billion has been proposed for development schemes, including Rs56 billion for education, Rs173 billion for health, and Rs11.95 billion for the ‘Saaf Pani’ project.

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