Punjab Budget 2015-16 Full Updated Details. LAHORE – The Punjab government will present its annual budget for the fiscal year 2015-16 in the Provincial Assembly today (Friday) with an estimated outlay of Rs1154. Punjab Finance Minister Dr. Ayesha Ghaus Pasha will present the budget. Punjab Budget 2015-16
Punjab Budget 2015-16 Full Updated Details
This is eighth consecutive budget of the Pakistan Muslims League-Nawaz’s (PML-N) provincial government. Punjab Finance Minister Dr Ayesha Ghaus Pasha presenting the budget in Punjab assembly. According to sources, over Rs.400 billion will be spent on the development projects while 36 percent of the developmental budget has been allocated for uplift projects in South Punjab. Punjab Budget 2015-16.
Rs930 million have been earmarked for the promotion of tourism.
2- POTABLE WATER
A project of Rs 70 billion has been announced for safe drinking water.
Rs 50 billion 85 crore have been allocated for the irrigation department.
4- RAISE IN SALARIES
Salaries for government employees have been raised by 7.5 percent.
5- MINIMUM WAGE
Minimum wage increased from Rs 12,000 to 13,000.
6- QUOTA FOR WOMEN
15% quota for women employees in terms of salaries increase has been reserved.
7- NATURAL RESOURCES
Rs 2.17 billion have been allocated for natural resources.
8- APNA ROZGAR SCHEME
At least 50,000 vehicles to be given under Apna Rozgar Scheme.
ARY NEWS Report
According to ARY News Channel Punjab’s first woman Finance Minister Dr. Ayesha Ghaus Pasha on Friday (today) will announce the provincial budget for fiscal year 2015-16, ARY News reports.
According to sources, the volume of the budget for the next fiscal year is Rs. 1220 billion (1.22 trillion) in which Rs. 400 billion have been reserved for development projects in Punjab. A 7 to 7.5 percent increase is expected in the ad-hoc allowances of government employees and retired officials, according to sources.
Sources have said that Rs. 10 billion amount is likely to be allocated for the Orange Line Train Service while Rs. five billion is expected to be earmarked for the provincial government’s laptop scheme. An increase of 10 percent is expected in the property tax, sources said.
It is also being stated that Rs. 35 billion likely to be set aside for improving the conditions of the provincial government’s education centres. Punjab is likely to acquire Rs. 894 billion share from the National Finance Commission (NFC).