Since no new tax has been announced and the revenue receipts are projected to increase by almost Rs 14,000 crore over 2021-22, Finance Minister Harpal Cherma said revenue augmentation would be through excise policy, which would yield the state a revenue increase of 56 per cent. Buoyancy in GST collection will get state an increased revenue of 27 per cent over last year. And increase in non-tax revenue by 11 per cent.
The government also announced to fill 24,400 posts in government sector and regularisation of jobs for 36,000 contractual employees.
Punjab’s Aam Aadmi Party on Monday presented its maiden budget of Rs 1.55 lakh crore. No new taxes have been imposed and the focus of the budget has been on education, health and agriculture sectors.Though the AAP government has not made any provisions or announcement for implementing its promise of Rs 1,000 allowance for each woman over 18, the government reiterated its commitment to provide 300 units of free power to all.
Punjab’s AAP government proposes to earn Rs 95,378.28 crore this fiscal, against an expenditure of Rs 1,55,859.78 crore. This would mean a revenue deficit of Rs 12553.80 crore.Since no new tax has been announced and the revenue receipts are projected to increase by almost Rs 14,000 crore over 2021-22, Finance Minister Harpal Cherma said revenue augmentation would be through excise policy, which would yield the state a revenue increase of 56 per cent. Buoyancy in GST collection will get state an increased revenue of 27 per cent over last year. And increase in non-tax revenue by 11 per cent.The government also announced to fill 24,400 posts in government sector and regularisation of jobs for 36,000 contractual employees.
