Punjab Finance Minister Mian Mujtabaur Rehman introduced the provincial price range on Tuesday after the cupboard permitted a people-friendly Rs5.9 trillion price range for fiscal 12 months 2026-27.
Punjab Chief Minister Maryam Nawaz Sharif, provincial ministers and MPAs attended the session.
The proposed price range for the upcoming fiscal 12 months is 10.7 % larger than the present 12 months’s, based on the price range speech.
The Punjab authorities has projected whole income for the upcoming fiscal 12 months at Rs1.2tr.
Whole present and capital expenditures are projected at Rs679 billion.
The federal government plans to spend Rs752 billion on growth, Rs750bn on training and Rs500bn on well being. The proposed allocation for training is 15pc larger than the quantity allotted in FY2025-26, whereas the proposed allocation for well being is 10pc larger than that of the present fiscal 12 months.
The Punjab authorities has proposed a 7pc enhance within the salaries of presidency staff, taking the whole wage expenditure to Rs639bn.
In accordance with the proposed price range, pensions for retired authorities staff will enhance by 3.5pc, taking the whole pension expenditure to Rs500bn.
Within the well being sector, the federal government will spend Rs20bn on the under-construction Nawaz Sharif Institute of Most cancers Remedy and Analysis. In accordance with the proposed price range, Rs169bn has been allotted for the institution of the Nawaz Sharif Medical District.
The Punjab authorities has additionally put aside Rs1.75bn for Neuro Cath Labs underneath the Stroke Initiative. An extra Rs5bn has been proposed for emergency companies within the upcoming fiscal 12 months.
The federal government can be proposing an extra Rs15.21bn for a most cancers hospital in Dera Ghazi Khan, together with Rs23.37 billion for a youngsters’s hospital in Bahawalpur.
The federal government can be proposing Rs1.9bn for the event and building of autism faculties in each division of the province.
A Rs6.9bn mission for the institution of IT labs in schools can be being proposed.
The federal government has proposed Rs40bn for the Maryam Nawaz Sharif Heart of Tutorial Management, Nawaz Sharif Heart of Excellence, and STEAM laboratory packages.
The Punjab authorities has proposed an allocation of Rs252bn for legislation and order within the upcoming fiscal 12 months.
In accordance with the proposed price range, Rs2.2bn will probably be spent on the development of police stations and posts in riverine areas. An extra Rs14bn has been put aside for the institution of crime scene models in 28 districts.
To help ongoing mass transit tasks in Gujranwala and Faisalabad, the federal government is proposing Rs26.6 billion in expenditure within the upcoming 12 months.
Within the proposed price range, the Punjab authorities expects to spend Rs168bn on an electrical buses programme. For regional railways, the federal government is proposing an extra Rs10bn in expenditure.
‘People-friendly’ budget
Earlier today, CM Maryam approved a “people-friendly” Rs5.9tr provincial budget for the fiscal year 2026-27 after the 35th meeting of the provincial cabinet accorded its formal approval to the budget document.
The chief minister, while chairing the meeting, said the government had made every possible effort to provide maximum relief to citizens and minimize the financial burden on them despite economic challenges and prevailing global conditions.
She added that although the province had to allocate a substantial amount as its share to the federation, the government remained committed to safeguarding public interests.
CM Maryam said the FY2026-27 budget had been prepared without imposing any new taxes and was focused on public welfare, development and prosperity. She described it as a budget of hope aimed at delivering relief to citizens through the province’s own resources.
The CM directed the Punjab Revenue Authority to take effective measures to enhance revenue generation and strengthen the province’s financial capacity.
Expressing confidence in the government’s performance, CM Maryam said she hoped the budget would meet the aspirations of the people as in previous years.
She appreciated the collective efforts of the cabinet members and officials, saying the entire team had worked as one unit to prepare a people-friendly budget. She also prayed for the ability to continue serving the people of Punjab with sincerity and dedication.
The CM also praised the efforts of Senior Minister Marriyum Aurangzeb, Provincial Finance Minister Mujtaba Shuja-ur-Rehman, Information Minister Azma Zahid Bukhari, Chief Secretary Zahid Akhtar Zaman, Finance Secretary Mujahid Sherdil and the entire team involved in preparing the budget.
