Lahore: The Punjab government has presented a budget of Rs. 22 trillion.The budget recommended tax exemptions for health insurance, doctor’s consultancy fees and hospitals, while tax rates on more than 20services would be 16% to 5%, property tax payments in two installments, and cinemas by next year. It was recommended to reduce the rate of stamp duty from 5% to 1% for exemption from entertainment tax and development of construction sector.
The volume of development budget of the province for the next financial year has been fixed at Rs. 337 billion, including ongoing expenditure for health sector, Rs. 284.20 billion, Rs. And a total of Rs. 31.73 billion has been allocated for agriculture.
The agenda of the budget session of the Punjab Assembly for the new financial year 2020-21 has been released. According to the agenda issued for the budget session of the Punjab Assembly for the new financial year 2020-21, the supplementary budget along with the budget of the Punjab Assembly for the financial year 2020-21 will also be presented in the session on Monday, June 15 at 02:00 pm.
The budget meeting will be chaired by Speaker Punjab Assembly Chaudhry Pervez Elahi while the Assembly Secretariat has completed preparations for the budget meeting and PTI members have been directed to ensure attendance in the budget meeting.
Punjab provincial government has also decided not to increase the salaries and pensions of government employees in Punjab budget 2020-21. The Punjab government has said that there will be no increase or decrease in salaries and pensions. The provincial government has decided not to increase salaries and pensions in Punjab budget 2020 21 Pakistan.
Punjab Budget increase in Govt Employees Pay & Pension:
It has been decided not to increase the salaries and pensions of government employees in Pakistan budget 2020 for the next financial year 21-2020. Salaries and pensions will be maintained at last year’s level in the budget for the next financial year.
The federal cabinet has also decided not to impose any new tax.salary increase defense Pakistan budget 2020 June. Punjab financial budget speech in assembly on 15th June 2020.
Punjab health budget Pakistan 2020:
Pinjab health budget 2020-2021
Punjab Budget Govt Employees Salary Increase New
Punjab budget 2020-21 Pakistan, Punjab budget 2020 Pakistan, Punjab budget news 2020 of Pakistan. Last year, the salaries of government employees were increased grade-wise. Grade 1 to 16 salaries were increased by 10%.proposed budget Pakistan 2020-2021 pdf
Salary update in Punjab budget 2020/21.
The Punjab Finance Bill 2020 will also be presented in the Punjab Assembly budget session. According to the spokesperson, the government has amended the Punjab Finance Bill 2020 regarding taxes and Provincial Minister Hashim Javan bakht will present Finance Bill 2020 in the budget session. Funds for the health department have been increased by 40%.Punjab budget 2020-21 copy pdf.
Punjab budget news 2020 of Pakistan:
Thirteen sectors of Punjab will get direct tax relief. A proposal to levy property tax in two installments is also under consideration. The 16% tax on doctors’ services and hospital room charges will be abolished in Punjab budget 2020-21 in Pakistan.
It was also proposed to abolish the 16% tax on health insurance. It is proposed to reduce the tax rate on various services, including reducing the tax on hotels and guest houses with up to twenty rooms from 16% to 5% in budget 2020 Pakistan.
13.30 billion for livestock and dairy development, Rs. 8.73 billion for Green Pakistan Tsunami Program, Rs. 1 billion for New Pakistan Housing Scheme, Rs. 37.40 billion for Irrigation Department, Rs. 2.5 billion for Water Authority and Rs. An amount of Rs. 10 billion has been allocated for rehabilitation and construction