Punjab government started preparations budget for the next financial year
Web Desk 13 November 2020
LAHORE: The Punjab government started preparations budget for the next financial year. The provincial departments and MPAs will submit recommendations to the people by December 31.
According to details, preparation of budget for the next financial year has been started in Punjab province. Departments have been directed to identify development budget targets by the end of this month.
A deadline of November 30 for submission of preliminary estimates was also issued in which details of development and non-development budgets should be submitted to the Finance Department.
By January 1, the department will make recommendations on revenue targets.
By May 10, 2021, the budget proposals will be finalized. The budget will be presented in the provincial cabinet on June 1, 2021. The budget will be presented in the Punjab Assembly after approval.
The opposition may also express reservations about the budget.