2023–24 Punjab, Pakistan budget

2023 (2023) 2023–24 Punjab, Pakistan budgetPresented| June 19, 2023

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Parliament| Punjab Assembly

‹ 2022

2024›

The 2023–24 Punjab, Pakistan budget on 19 June I2023, the interim government of Punjab, led by Chief Minister Mohsin Naqvi, approved a budget of the fiscal year 2023-24 for the first four months (Since there is no elected government, the caretaker government lacks the authority to approve a full-year budget. However, after the revision and approval of the budget, it was then officially released).[1]

The budget has a total outlay of Rs 1719.3 billion and covers the months of July to October 2023.[2][3]

## Details

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The budget is a 30% increase in salaries for government employees and a 20% increase in pensions for pensioners above 80 years of age. The budget also includes increased allocations for various sectors such as agriculture, education, health, and information technology. The budget for health and education has been increased by 31%.[4][5]

The budget includes the withdrawal of all duties and taxes for the promotion of business in the Information Technology and education sectors, an allocation of more than Rs 47 billion for the agriculture sector, and the establishment of an Information Technology Park in Lahore Knowledge Park.[6]

The cabinet also approved the establishment of an endowment fund with Rs 1 billion for journalists. And no new taxes had been enforced in the budget.[7]

## References

[edit]

1. ^ "Caretaker govt announces four-month Punjab budget". 20 June 2023.
2. ^ "Punjab caretaker govt presents 'truncated' four-month budget". 20 June 2023.
3. ^ "Budget 2023-24: Punjab govt employees' get 30% raise in salaries".
4. ^ "Punjab govt presents 4-month budget with 30pc pay raise". 20 June 2023.
5. ^ "Punjab cabinet approves FY2023-24 budget". 19 June 2023.
6. ^ "Punjab cabinet approves FY2023-24 budget". 19 June 2023.
7. ^ "Punjab cabinet approves FY2023-24 budget". 19 June 2023.

## External links

[edit]

* Budget Strategy Paper FY2023-24 to FY2025-26 by Government of Punjab, Pakistan

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* National debt of Pakistan
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