Tuesday, October 4, 2022

Punjab govt to unveil budget for next fiscal year on 14th

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LAHORE: Punjab Governor Chaudhry Muhammad Sarwar on Monday summoned a session of the Punjab Assembly.

The session of the provincial legislature will begin on Thursday. The Punjab government will present its budget for forthcoming fiscal year on Friday at 3:00 pm.

It is noteworthy that the PTI-led federal government is presenting its first budget for the next fiscal year on Tuesday (tomorrow).

The budget will likely envisage taxation measures, elimination of tax exemptions, curtailment of special treatments and improvement in the tax administration.

It will also aim at boosting exports and reducing development spending besides providing relief to the masses, promoting investment for job creation and people friendly policies for the socio economic prosperity of the country.

Main focus in the budget would be on fiscal consolidation and revenue mobilisation while the government is likely to enhance allocations for social safety for providing maximum relief to the vulnerable segment of society.

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