Mohali, June 27: As Chief Minister Bhagwant Mann-led Aam Aadmi Party government presents its first Punjab Budget, the state's Finance Minister Harpal Singh Cheema announced 300 units of free power for households with effect from July 1.
Notably, providing free power to every household for up to 300 units was one of the key promises made by AAP in the run-up to the Punjab assembly elections in 2022.
While the announcement, the state finance minister said, "promise of free electricity will be fulfilled from July 1," adding that 'One MLA One Pension' scheme will save around 19 crore 53 lakh annually and no new tax will be imposed on it."
Punjab finance minister Harpal Singh Cheema is presenting his maiden budget for the year 2022-23. Delhi Deputy Chief Minister Manish Sisodia and Rajya Sabha MP Vikramjit Sahney are also present at the Budget presentation.
Chief minister Bhagwant Mann promised, “a paperless budget to make the exercise economical”.
FM Harpal Cheema has proposed a total Budget Expenditure of Rs 1,55,860 crore. It reflects 14.20% growth compared to FY 2021-22. Revenue and Fiscal Deficit pegged at 1.99% and 3.78%, respectively.