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Punjab FM Harpal Cheema presents budget of 1.96 lakh crore, Agriculture, health and education get big allocation

Punjab Budget 2023-23: Punjab finance Minister Harpal Cheema on Friday presented the first full budget worth 1.96-lakh-crore to the Bhagwant Mann government after it came into power in March 2022.  Presenting the budget for the financial year 2023-24, Cheema said education, health, and agriculture are top priority sectors for the government.---Advertisement--- The finance minister said […]

Punjab Budget 2023-23: Punjab finance Minister Harpal Cheema on Friday presented the first full budget worth 1.96-lakh-crore to the Bhagwant Mann government after it came into power in March 2022. 

Presenting the budget for the financial year 2023-24, Cheema said education, health, and agriculture are top priority sectors for the government.

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The finance minister said the total budget allocation has been expanded by 26 per cent to Rs 1,96,462 crore for FY 2023-24 as compared to the previous year.

It is the first full budget of the Aam Aadmi Party (AAP) government after they came to power in March 2022.

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Here are some Key allocations of budget

  • Punjab finance minister announced Rs 13,888 crore for agriculture and sector related to agriculture.
  • FM announced 1,000 for crop diversification, and he announced setting up a revolving fund for Basmati crop purchase.
  • Rs 9,331 crore has been allocated for a free power subsidy.
  • Finance Minister Cheema allocated Rs 11,782 crore for effective capital expenditure.
  • Punjab government allocated Rs 125 crore for the sowing of paddy and purchasing of moong crops.

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HISTORY

Updated By

Manish Shukla

Written By

Aditya Singh


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