Despite a vision document spelling out the precarious situation of the present and enlisting the steps needed to become a Developed Punjab by 2047, Budget 2023-24 failed to stick to the path of fiscal consolidation, and instead cut back on much needed expenditure needed to sustain human capital, industry and infrastructure
Punjab Vidhan Sabha Budget Session 2024 Date: In a major development, the Punjab Cabinet led by Chief Minister Bhagwant Mann on Thursday decided to convene the Budget Session in the state Assembly on March 1. The decision was taken in the Punjab Cabinet meeting today.
As per the states Budget estimate for FY24, salaries, pension, interest payments and power subsidies account for a whopping 71 percent of Punjab s total expenditure, while only 8 percent goes for capital spending.