Follow Us on Google News
The Punjab Finance Department proposed a 20 percent increase in the salaries of government employees in the Punjab budget for the new financial year 2024-25.
According to a private TV channel, the sources said the 20 percent increase in the salaries will be for ad hoc relief and there will be no increase in the basic salary of government employees.
The sources in the finance department also said that a 15 percent increase in pension is proposed.
The channel reported that the Punjab Budget 2024-25 will be presented on June 12 as the Punjab Finance Department has sent the summary of the Punjab Budget session to the law department on that date.
The volume of the Punjab budget for the next financial year (FY) 2024-25 will be Rs53.9 trillion. Punjab is likely to receive Rs3700 billion from the federal government, while Rs1027 billion has been set as the tax collection target in the budget under the head of income generation.
Similarly, the Punjab government has earmarked Rs597 billion for salaries and Rs447 billion for pensions of its employees in the budget.
