Lahore June 14 2021: Punjab has announced its budget for the fiscal year 2022 with total outlay of PKR2,653 billion with provincial budgeted surplus of PKR125 billion.
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Out of the total outlay, an amount of PKR560 billion is to be spent on development projects which is approximately 66.2 percent higher in comparison to last year budget amount of PKR337 billion. Current expenditure are set at PKR1,427 billion reflecting an increase of 8.3 percent compared to previous year.
Punjab government has set aside PKR360 billion for district development projects while PKR80 billion has been allocated for Universal Health Insurance for entire Population of Punjab. Punjab provincial budget contains PKR105 billion for rehabilitation and development of Roads.
An amount of PKR86 billion is budgeted at Punjab Rural Sustainable Water Supply and Sanitation Projects.