Punjab Minister for Finance Hashim Jawan Bakhat will present Punjab budget for fiscal year 2020-21 in provincial assembly tomorrow (Monday). A spokesperson of the Finance Department Saturday stated that the first time public was included in the budget making process and finance department advertised in the national dailies for seeking public budget proposals which are included in the budget. The public opinion was kept in consideration so that 68 percent budgetary allocations are made to education, health and employment generation. The special focused has been given to the corona pandemic and allocations were made accordingly to the departments. Further, financial assistance is being ensured to the SME sector through Rise Punjab strategy. The budget has focused towards social protection, ensuring the work for daily wagers, and industrial revival. In order to keep the industry in the backdrop of the covid-19 pandemic, no new tax was being introduced while relaxations are given on the existing taxes on the services sector. The ease of taxation payment is being ensured in excise and taxation and Board of revenue. Concrete steps are being taken for the agriculture growth. Further, for rural areas special focused is given to the people attached with agriculture economy through public private partnership projects. Special funds are allocated for Covid-19 pandemic and locust attack besides allocation of resources to counter the pandemic and emergencies in the future.
Punjab budget to be unveiled tomorrow
Punjab Minister for Finance Hashim Jawan Bakhat will present Punjab budget for fiscal year 2020-21 in provincial assembly tomorrow (Monday). A spokesperson of the Finance Department Saturday stated that the first time public was included in the budget making process and finance department advertised in the national dailies for seeking public budget proposals which are […]
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