Budget 22-23: Punjab and Khyber Pakhtunkhwa

punjab budget 22-23

Punjab increases salaries by 30%

On Monday, the cabinet of the Punjab province approved including in the budget for the next fiscal year, 2022-2023, a significant rise in the amount of money allocated to the wages of government workers working in grades 1-9.

The go-ahead was granted today at the pre-budget meeting headed by Chief Minister Hamza Shahbaz. The panel also provided consent for an increase in pension of 5 percent following the decision made by the federal government. “Roshan Rahay Naya Sawera” is the name that has been given to the budget that amounts to Rs3.226 trillion for the fiscal year 2022-2023.

In addition to the salary increases of thirty percent and the discrepancy allowance of fifteen percent, many departments will provide their staff members with both benefits.

The secretariat and CM House personnel would only get a raise in their pay of 15 percent. The provincial administration has concluded that Sardar Awais Leghari should be given the position of finance minister for him to propose the budget.

According to the papers that have been made available to Geo News, a request to allot Rs900 million for women’s development projects has been approved. In contrast, Rs19.5 billion has been allocated to the local government. In the meanwhile, the cabinet gave its approval to a proposal that would provide 164.26 billion rupees to projects relating to the development of infrastructure. Out of this total amount, Rs80.77 billion would be used to fund the development of roads.

According to the records, there has been an allocation of Rs27.63 billion allocated for the sector of irrigation, Rs5 billion earmarked for the industry of electricity, and Rs41.4 billion allocated for the sector of production. It has been advised by the provincial finance minister that public buildings get 29.5 billion rupees and that urban development receives more than 21 billion rupees.

KP announces a 16% pay increase for government employees:

PESHAWAR – On Monday, the government of Khyber Pakhtunkhwa presented the budget for the next fiscal year 2022-2023, which included an expenditure of Rs1,332 billion and allocated Rs350 billion for the various development initiatives.

KP Finance Minister Taimur Saleem Khan Jhagra, delivering the budget address in the provincial parliament, announced a 16 percent hike in wages and a 15 percent boost in pensions for government workers. Both of these increases would take effect in the next year.

Major brand new undertakings

A budget of Rs223 billion has been suggested for the former FATA region.
The administration proposed an increase in the budget for the health sector of Rs55 billion.
It has been proposed that the budget for education be increased by Rs47 billion.
The government proposed to boost the Shuhada Package for the police Contributory Pension Scheme.
During the budget session, Taimur Saleem Khan Jhagra said that there would not be any changes made to the pension scheme that is already in place for government workers.

He insisted that they had chosen to implement the “Contributory Contributory Pension Scheme” for the new workers of the government. The minister said that every month, ten percent of the basic salaries of the newly hired government workers would be contributed to the pension fund.

According to the minister, the entire development budget for Khyber Pakthunkhwa was Rs418.2 billion, with Rs319.2 billion designated for settled districts and Rs99 billion set for merging tribal areas. In terms of the collection of revenues and receipts, the minister said that it was predicted that overall receipts would amount to 1,332 billion rupees, with 750.9 billion rupees expected to be received through collections of federal taxes.

According to him, the royalty and surcharge on oil and gas production will bring in Rs31 billion, while net hydropower generation would bring in Rs61.9 billion.

The minister stated that an additional Rs212.7 billion would be received from other resources in addition to the Rs85 billion that would be collected through provincial tax and non-tax revenue, Rs4.3 billion under the head of foreign program assistance (FPA) for settled districts, and Rs208.7 billion grant for merged tribal communities.

Jhagra stated that a total of 447.9 billion rupees would be spent on salaries, of which 372.1 billion rupees would be spent in settled districts, and 75.8 billion rupees would be paid through merged tribal communities. Jhagra also stated that 107 billion rupees would be spent on pensions, of which 106 billion rupees would be spent in settled communities, and 1 billion rupees would be spent in merged tribal districts.

In addition to salaries, he stated that 247.4 billion rupees would be spent on O&M, emergency, and district expenditures; 111.4 billion rupees would be spent on current other expenses; the volume of provincial development programs, including the budget for the accelerated development program was 241 billion rupees; this included 185 billion rupees for settled districts and 56 billion rupees for merged tribal communities; the volume of the total development budget was 383.5 billion rupees; this comprised 319.

It is estimated that 93.2 billion rupees will be spent on foreign program assistance, including 88.9 billion rupees for settled districts and 4.3 billion rupees for merged tribal communities. It is also estimated that 8.3 billion rupees will be received through the Public Sector Development Program for settled districts of Khyber Pakhtunkhwa.