Punjab presents budget for fiscal year 2014-2015

LAHORE: Punjab Finance Minister Mujtaba Shujur Rehman on Friday presented the provincial budget for 2014-2015 financial years with an outlay of Rs 1033.70 billion amid protest from opposition benches.

Amid uproar, the finance minister proposed 10 percent increase in the salaries and pensions of government employees.

He said 10 billion rupees would be allocated for subsidy on fertilizers for which the province would seek five billion rupees assistance from the federation.

He said that 25 billion rupees will be allocated for the Yellow Cab Scheme to provide 50,000 more vehicles under the initiative.

In his budget speech the minister said that Rs263 billions had been allocated for south Punjab development projects and 36 percent of total provincial budget would be spent in south Punjab.

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