Punjab allocates Rs. 842b development budget for fiscal year 2024-25

LAHORE, Jun 13 (APP): Punjab Government has allocated Rs. 842 billion for the development budget (Medium Term Development Framework – MTDF) for the financial year 2024-25, with the main allocation to the social sector, infrastructure development, manufacturing sectors, service sectors, special initiatives and other sectors.

Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman presented the Punjab Budget for the financial year 2024-25 during the Punjab Assembly session here on Thursday.

According to the budget document, the MTDF breakdown for the next fiscal year starting July 1, 2024 is as follows:

The social sector will receive a total of PLN 500,000. 280.65 billion which includes school education Rs. 42.5 billion, higher education Rs. 17 billion, special education Rs. Rs 2 billion for literacy and non-formal education Rs 4 billion, sports and youth affairs Rs. 7.6 billion, Specialized Healthcare and Medical Education Rs. 86 billion, primary and secondary healthcare Rs. 42.6 billion, population welfare Rs. 3.8 billion, water supply and sanitation Rs. 8 billion, social welfare Rs. 4 billion, women development Rs. 1.4 billion and Local Government and Community Development Rs. 61.750 billion.

Under Infrastructure Development a total of Rs. 246.8 billion has been allocated, of which the road sector will receive Rs. 143 billion, Irrigation Rs. 25,800 billion, power sector Rs. 7.5 billion, public buildings Rs. 30 billion and urban development Rs. 40.5 billion.

Similarly, the manufacturing sector will receive a total of Rs. 107.850 billion. Under productive sectors, agriculture will receive Rs. 64.6 billion, forestry Rs. 4 billion, wildlife Rs. 6.4 billion, fisheries Rs. 5.3 billion, food Rs. 400 million, development of animal husbandry and dairy products Rs. 9 billion, industry, trade and investment sector Rs. 10.7 billion, Mines and Minerals Rs. 950 million and tourism Rs. 6.5 billion.

The budget document shows that the total amount of PLN 500,000 $41 billion will be spent on service sectors, including management and information technology. 20.7 billion, Department of Labor and HR Rs. 400 million, transportation Rs. 18.5 billion and Rescue Service (Rescue-1122) Rs. 1.4 billion.

A significant grant of PLN 500,000. An amount of $101.5 billion has been allocated for special programs/initiatives in fiscal year 2024-25.

A grant of Rs. The amount of 64.2 billion will be spent on various other sectors such as environment and climate change. 10 billion, information and culture Rs. 2.6 billion, archeology Rs. 800 million, Auqaf and religious matters Rs. 800 million, human rights and minority affairs Rs. 4 billion and planning and development Rs. 46 billion.