LAHORE: The Punjab Assembly presented its fiscal budget on Monday, Express News reported.
The budget for year 2013-14 presented by Minster of Finance Mian Mujtaba Shujaur Rehman is worth Rs897.5 billion.
“We are willing to meet challenges facing the government head-on,” said Rehman.
Below is the breakdown of amount allocated to major sectors. The amounts are rounded to the nearest billion.
Chief Minister House will have its expenditure cut down by 30%, Rehman said.
Minimum wage was set at Rs10,000.
Under the new budget, government employees will see a salary increase of 10%.
Restrictions were announced on the purchase of government cars.
The Punjab budget is interesting because this is the first time since the fiscal 2008 budget that Lahore and Islamabad are being governed by the same political party.
For the past five years, the PML-N has been complaining that the problems in their province have been caused by an uncooperative federal government. Now that excuse no longer exists and the PML-N will be free to pursue its desired policies in Punjab, knowing that they have the full backing of Islamabad.
The white paper of the Punjab budget 2013-2014 can be found here.