Punjab Budget: Rs 1.55 Lakh Crore, No New Taxes Imposed, 300 Units Free Power, Here’s All You Need To Know

The Aam Aadmi Party government of Punjab has presented its budget of ₹ 1.55 Lakh Crore. The government has proposed to earn ₹ 95,378.28 crore this fiscal, against an expenditure of Rs 1,55,859.78 crore, which means a revenue deficit of Rs 12553.80 crore. This time, the budget seems to be more focused on the education sector.

As per the media reports, ₹ 123 crore budget has been allotted for the maintenance of government schools in the state, while ₹ 30 crore will be spent on the training of principals, teachers and officials, whereas ₹ 40 crore will be spent on digital classrooms in 500 schools, while 100 schools have been proposed to be upgraded with facilities like vocational training facilities, digital classrooms and well equipped labs. 

Though no new taxes have been announced, the government has assured to provide 300 units of free electricity to all, and even announced to regularise 36,000 contractual employees for which ₹ 450 crore have been proposed. The govt also assured to fill 24,400 posts in the government sector. Finance minister Harpal Singh Cheema added that 4 of the 5 guarantees of the AAP government have been fulfilled, the promise of ₹1000 allowance to each woman will soon be fulfilled. 

Along with this, the AAP government also proposed to give a seed money of ₹ 2,000 per student under the Punjab Young Entrepreneur Programme, encouraging them to start their own business and come up with new start-up ideas. 

While ₹ 1,033 crore have been proposed for medical education, 56% more as compared to 2021-22, and ₹ 200 crore have been allotted for Punjabi University, Patiala. While the government also proposed to implement one MLA one pension scheme in the state. This time the Punjab’s budget was paperless. All the documents related to the budget had been uploaded on the “Punjab Budget” app.

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