General

Punjab, Balochistan budget to be unveiled today

The Punjab government will present its supplementary Budget today for the fiscal year 2017-18 worth over 155 billion.
In this regard, the Punjab governor has summoned the session of the Punjab Assembly on Monday, 14 May 3pm to present the Supplementary Budget for the financial year. Notification to this effect has been issued by the Assembly Secretariat. Speaker Rana Muhammad Iqbal Khan will preside this 36th session of the assembly.
The finance department officials said the Punjab government had prepared the full year budget, but it might prefer to announce only four months budget to let the interim set-up run its day-to-day business and leave it to the next elected government to table a formal budget for the rest of the year.
The Punjab Finance Department officials said that the Punjab government had remained indecisive about presenting the provincial budget for full fiscal year 2018-19. Punjab Finance Minister Dr Ayesha Ghaus Pasha said the Punjab government had decided that it would not table budget for the fiscal year 2018-19 and present only supplementary budget; despite the fact that the same ruling party presented the full budget in the Centre. Dr Ayesha said the government had prepared the budget for full year. The bureaucrats had opposed the idea of presenting the budget by the incumbent government. The Punjab chief secretary, the law department and the finance departments have advised the government not to present the budget.
Balochistan budget to be unveiled today
The Balochistan annual budget for the financial year 2018-19 will be present in the Balochistan assembly on Monday evening.
The Balochistan annual budget for the financial year 2018-19 will be present in the Balochistan assembly on Monday evening.
The Advisor to the Chief Minister of Finance, Dr. Ruquyia Saeed Hashmi will present the next financial year Budget. The total outlay of the budget is expected around Rs. 350 billion. It will be a defect budget and no new tax will be imposing in the new budget.