Punjab government greenlights Rs.4.48 trillion budget for 2023-24

In a landmark session helmed by Chief Minister Maryam Nawaz, the Punjab Cabinet convened for its second meeting, marking a pivotal moment with the approval of the provincial budget for the fiscal year 2023-24, totaling Rs4480.7 billion. The budget allocation, emphasizing development and social security, sets aside Rs655 billion for development projects and Rs20 billion for social welfare initiatives. Delving into specifics, significant portions of the budget are directed towards healthcare, education, infrastructure, and local governance, reflecting the government’s prioritization of key sectors. Noteworthy allocations include funds for a comprehensive Ramazan package, education supplies, and infrastructure development projects. The session also witnessed the green-lighting of the supplementary budget and amendments to tax regulations, highlighting the government’s proactive stance on financial management. Chief Minister Maryam Nawaz’s leadership drew acclaim, particularly for spearheading an acclaimed Ramazan package and driving effective price control measures. Expressing satisfaction with ongoing efforts, Maryam Nawaz reaffirmed the government’s commitment to enhancing welfare measures and economic stability. With the successful distribution of the Ramazan package underway, the government remains steadfast in its pursuit of prosperity and progress for all residents of Punjab.