Punjab to introduce ‘pro-poor’ budget tomorrow – Latest News – The Nation

LAHORE – The Punjab government will present the budget proposals on June 13 for the financial year 2022-23, focusing on pro-poor initiatives and controlling inflation.

Speaking to the media, a finance ministry spokesman said on Saturday that no new taxes would be imposed in the budget while special concessions and incentives given in the past would continue.

The government planned to launch a special aid program to control inflation, while measures would be taken to control the prices of edibles, in addition to increasing the purchasing power of commoners.

In addition, various programs have been planned to reduce electricity and gas bills through efficient use of energy. These measures would not only reduce load shedding, but also reduce electricity bills. To minimize hardship for business, commerce and commoners due to the energy crisis, the government has decided to continue the tax breaks and exemptions granted over the past two years.

Similarly, Punjab Chief Minister Hamza Shehbaz’s facility program for availability of flour at lower prices would also continue. The overall volume of Punjab’s budget for the next financial year would also be increased. The development budget would be increased with particular emphasis on the social sectors, including health and education.

Punjab budget to relieve the masses: CM Hamza

A large part of the budget would be devoted to achieving development goals. The government’s top priority in next year’s budget would be to develop the social sector and revive the economy. Several important initiatives would be introduced. In order to achieve the Sustainable Development Goals, the solution to public problems at the district level would be ensured. Meanwhile, Punjab Chief Minister Hamza Shehbaz Sharif said the aim of the provincial budget was to provide maximum relief to the masses in the current circumstances and bring essential edibles within reach of man. ordinary.

He said the current government is taking creative steps to try to make people’s lives easier. The CM emphasized that no burden would be placed on the poor in the upcoming budget and that measures would be taken to address the hardships of the common man, a document circulated here said.

He said the country was facing economic challenges; however, the government was trying to avoid the current situation. He said the government was drawing up a comprehensive plan to relieve the masses as special measures would be proposed in the budget to control inflation. The historic program to provide subsidized flour across the province will also continue in the next fiscal year, he added.

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