Punjab govt decides to only present supplementary budget

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LAHORE (City News) – Punjab government on Friday has decided to not present budget for fiscal year 2018-2019 however, supplementary budget will be announced.

According to sources, session of Punjab Assembly has been summoned on May 14 in this regard.

Earlier, Punjab Finance Minister Dr Ayesha Ghaus Pasha had said that the government won’t table budget for fiscal year 2018-19. The government, however, had prepared the budget, she said.

She added that caretaker government would present the budget. “We will present interim budget for the current fiscal year,” she said.

On April 28, Minister for Finance Miftah Ismail unveiled Rs 5.246 trillian “tax-free” budget for fiscal year 2018-19 amid ruckus in the National Assembly.

The total budgeted government of Rs 5.246 trillion was announced, with the tax revenue and FBR revenue targets set at Rs 4.88 trillion and Rs 4.435 trillion.

Miftah Ismail said despite many difficulties and challenges, the government achieved economic stability over the last five years and took the growth rate to the record level.

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