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 financ
e department advertised in the n
ational dailies for seeking public budget proposals which are included in the budget. The public opinion was kept in consideration so that 68 percent budgetary al
locations are made to education, h
ealth and employment generation. The special focused has been given to the corona pandemic and al
locations were made accordingly to th
e 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 servi
ces 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 al
location of resources to counter the pandemic and emergencies in the future.
