Punjab Budget session: Increased budget for higher education; 117 Mohalla clinics to be opened in the state
The Aam Aadmi Party (AAP) government of Punjab is presenting its first budget. It is being presented to the Assembly by Finance Minister Harpal Cheema. Cheema stated that the budget expenditure for 2022–2023 has been estimated at one lakh 55 thousand 860 crores while giving the budget estimate. This is a 14% increase over 2021–2022. According to him, this involves a 66,440 crore annual expense.
This covers wages, loans, pensions, etc. This represents an increase of 11.10% from the prior fiscal year. For which he discussed the repayment of inherited loans, the implementation of the sixth pay commission, and loan forgiveness.
A capital expenditure of Rs. 10,978 crore, he claimed, had been maintained. Where there has been a growth of 9% since the previous time. As a result, the state will be encouraged to attract investment.
Here are the key points from the Punjab Budget 2022-23: