LAHORE/PESHAWAR: Punjab government will present the provincial budget for next fiscal year tomorrow (Monday).
The provincial Finance Department spokesperson told media in Lahore that the next fiscal year’s budget would focus on pro-poor initiatives and controlling inflation.
He said no new tax will be imposed in the budget while special concessions and incentives given in the past would continue.
Punjab Chief Minister Hamza Shehbaz says no burden will be put on the poor people in the coming budget and steps will be taken to address difficulties of the common man.
In a statement in Lahore, he said the focus of provincial budget for next fiscal year will be on providing maximum relief to the masses in the present difficult circumstances.
Read more: Tough budget presented in hard times: Miftah Ismail
Meanwhile, Khyber Pakhtunkhwa government will also present the provincial budget for next fiscal year tomorrow.
Budget session of the provincial assembly will start at 3:00 pm in Peshawar.
Earlier, Federal Minister for Finance and Revenue Miftah Ismail said worsening government administration in the past had caused huge damage to the national economy and drifted it to the verge of collapse, compelling the coalition government to present a tough budget.
Addressing the post-budget press conference, he said if that maladministration were not addressed timely, it would cause further devastation and that was why the incumbent government had to present such a budget to address those issues.
