Punjab Budget 2023 HIGHLIGHTS: AAP's first full Budget focuses on education, health and agriculture sectors; no new tax imposed
Rs 6,596 crore is proposed in FY 2023-24 for Local Government and Urban Development
Allocation of Rs 567 crore for transport sector
• Rs 35 crore allotted for establishment, upgradation of 28 bus stands in the State
• Rs 48 crore has been provided for Punjab State Road Safety Fund
The effective Outstanding Debt to GSDP has been estimated to be 46.81% for FY 2023-24
Punjab Govt have to pay whooping Rs 16,626 crore as principal and ₹22,000 crore as interest
FM Cheema introduces “Bill Leyao Inaam Pao” Scheme in on basis of draw taken out, monthly prizes to be given to people/customers who would submit their bills with the Taxation Department
No new tax imposed in Punjab : FM Harpal Cheema
Allocation of Rs 3,319 crore to gram panchayats for development work
According to the budget proposals, domestic power consumers in Punjab will receive a subsidy of Rs 7,780 crore, agriculture pumpset consumers will receive a subsidy of Rs 9064 crore, & industry will receive a subsidy of Rs 2700 crore
For construction and maintenance of roads, bridges, and buildings in 2023–24, the budgetary allocation has been raised to Rs 3,297 crore against Rs 1,495 crore in 2022–23
Rs 26,295 crore budget allocation for infrastructure development, which is an increase of 13% over the last year
Allocation of Rs 8,678 crore for Social welfare programs and policies
For maintenance of law and order, Punjab FM proposes allocation of Rs 10,523 crore, up by 11 per cent over previous year
Allocation of Rs 281 crore for tourism sector
• Rs 110 crore for construction, maintenance and restoration of various memorials in the State
• Rs 5 crore proposed to create a brand image and publicity campaigns for the tourism sector
Allocation of Rs 84 crore for Defence services
• Rs 15 cr allotted for setting up two new galleries of War Memorial Complex at Amritsar
• Rs 3 cr allotted for maintenance of Sainik School, Kapurthala
Rs 77 crore allotted for various e-governance projects
Allocation of Rs ₹3,751 crore for industries
• Rs ₹895 crore provided to various industrial units in form of 100% Electricity Duty Exemption
• Rs ₹2,700 crore provided by the Government for providing subsidized Power to the industrial units situated in the State
Allocation of Rs 1,834 proposed for revenue department for services to ensure transparency
This financial year will end with an outstanding debt of Rs 3.12 lakh crore: FM
Punjab’s debt expected to rise to Rs 3.47 lakh crore by the end of 2023-24: FM
Allocation of Rs 231 crore for Employment Generation and Skill Development
Government has entered into MOU's with different agencies to provide training to around 5,000 candidates in FY 2023-24.
Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) and Pradhan Mantri Kaushal Vikas Yojana (PMKVY), etc - 163 crore for skill development.
For industry, an outlay of Rs 3,751 crore has been provisioned in 2023-24 i.e., an increase of 19% over 2022-23: FM
Rs 4,781 crore allotted for Health and Family Welfare
• 504 Aam Aadmi Clinics already established
• 142 clinics expected to be operational in next few days
• Rs 39 crore allotted for strengthening of Secondary Health Care Institutions
• Rs 16 crore allotted for Maternal & Child Health
• Rs 18 crore for 50 bedded integrated AYUSH Hospitals
• Rs 40 crore for running & upgradation of Drug Management facilities-
• Rs 17 crore for procurement of PET SCAN & SPECT CT Machine
• Rs 61 crore for 24 hours Emergency Response Services
A budgetary provision of Rs 4,781 crore for health and family welfare in 2023–24
Two new medical colleges, each with 100 MBBS seats, are being built in Kapurthala and Hoshiarpur at a cost of Rs 422 crore and Rs 412 crore, respectively, and their designs have been approved; they are expected to open soon: FM
Allocation of Rs 258 crore for sports and Youth services
• Khedan Vatan Punjab Diyan was conducted from Block to the State level
• Multipurpose Sports Arenas set up at district level & sub-divisional level
• Rs 35 cr proposed for the construction, up-gradation, strengthening of Sports Infra
• Rs 3 cr allotted for purchase of sports equipment
Rs 1015 crore allocated for medical education and research: FM
Allocation of Rs 258 crore for sports and Youth services
A budgetary outlay of Rs 68 crore is proposed for undertaking infrastructure development; improving infrastructure facilities, and creating libraries in the government colleges of the State: FM
Punjab Budget 2023-23: Education
Total allocation for the education sector is Rs 17,072 crore
• Nod to regularisation of contractual employees
• Mission 100%: Give Your Best” launched to improve the performance of students
• 7,700 schools have been provided assistance of Rs 4 crore
• Rs 99 crore allotted for ensuring basic cleanliness and upkeep of schools
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• Rs 20 crore allotted to send school principals to Singapore for training
• Rs 200 crore allotted for Schools of Eminence
• Rs 18 crore for OBC students ; Rs 60 crore for SC students under Scholarship scheme
• Installation of Roof-Top Solar Panel System in Govt Schools
• Rs 1,425 crore for Samagra Shiksha Abhiyan
• Rs 456 crore for providing Mid-Day Meal
Total allocation for the education sector is Rs 17072 crore: FM
Punjab Budget 2023-23: Forestry & Wildlife 
Rs 258 crore allotted for Department of Forest and Wildlife
• PUNCAMPA- Rs 196 crore
• Wildlife and Zoo Development – Rs 13 crore
• Green Punjab Mission – Rs 31 crore
Punjab Budget 2023-23: Cooperation
• Rs 75 crore provided for setting up of sugar complexes at Batala and Gurdaspur.
• Rs 100 crore allocated to MILKFED
• Rs 100 crore for completion of the remaining 07 projects of Godowns setup be MARKFED.
• New 110 TPD physical refinery for processing of crude palm oil
• 100 TPD Vanaspati plant at Khanna
• Two new Oil Mills at Budhlada and Gidderbaha
₹100 cr is hereby proposed in the next financial year to nudge MILKFED to reach new heights. Our government envisages doubling the turnover of MILKFED from Rs 4,886 crore in FY 2021-22 to Rs 10,000 crore by FY 2026-27.: FM
Introduction of 110 Ton Per Day (TPD) physical refinery for processing of crude palm oil and 100 TPD Vanaspati plant at Khanna
New Horticulture Estates to be set up at Ludhiana, Gurdaspur, Patiala, Bathinda and Faridkot: FM
Guru Nanak Dev University, Amritsar has created an apple variety through tissue culture, which is suited for Punjab’s Climate Conditions : FM Cheema
Punjab Budget 2023-23: Agriculture
• Rs 13,888 allotted in Agriculture sector
• 2,574 Kisan Mitras to be recruited for agri extension services
• 30,312 famers provided incentive for adopting the practice of Direct
• 50,000 farmers benefitted from the sale of traceable seeds by PUNSEED
• Major Push to Diversification
• 125 crore allocated for Direct Seeding of Rice and Procurement of Moongi at MSP
Punjab introduces "New Agricultural Policy" with the objective to conserve natural resources and increase farmers' income.
FM Harpal Singh Cheema allots Rs 13888 crore for agriculture sector
We have also swapped our high-interest loans with low-interest loans to help us improve the state's fiscal health: FM
Effective Capital Expenditure is pegged at 11,782 crore i.e. an increase of 22% over FY 2022-23 (RE).
The effective Revenue Deficit and Fiscal Deficit have been pegged at 3.32% and 4.98% respectively.
Harpal Singh Cheema presents budget of Rs 1,96,462 cr for financial year 2023-24
Punjab contributed Rs
3,000 crore in Consolidated Sinking Fund in one year : FM Cheema
Rs 6,98,635 crore GSDP projected for FY 2023-24
Punjab Govt fulfilled the promises in key areas of education,
agriculture and health: Harpal Singh Cheema
Cheema says schools of eminence, envisioned in the last budget, would soon become a reality in the state
AAP fulfilled poll promise of 300 units of free power to families each month, says FM Harpal Singh Cheema
Punjab FM Harpal Singh Cheema reads out digital budget from tab
Finance Minister Harpal Singh Cheema presents 2023-24 Budget in Punjab assembly
AAP government's first full budget will be presented shortly
Finance Minister Harpal Singh Cheema presenting AAP Govt’s Budget 2023-24 | LIVE
Finance Minister @HarpalCheemaMLa Presenting AAP Govt’s Budget 2023-24 | LIVE https://t.co/5YyHFz1CpG
— AAP Punjab (@AAPPunjab) March 10, 2023
Proceedings of budget session of Punjab Vidhan Sabha begins.
Finance Minister Harpal Singh Cheema will present the budget at 11 am.
ਅੱਜ ਦਾ ਦਿਨ ਸਾਡੇ ਲਈ ਇਤਿਹਾਸਕ ਹੈ...ਪਿਛਲੇ ਸਾਲ ਅੱਜ ਦੇ ਹੀ ਦਿਨ ਪੰਜਾਬ ਦੇ ਲੋਕਾਂ ਦਾ ਫ਼ਤਵਾ ਚੋਣ ਨਤੀਜਿਆਂ ਦੇ ਰੂਪ 'ਚ ਸਾਨੂੰ ਮਿਲਿਆ ਸੀ ਤੇ ਅੱਜ ਸਾਡੀ ਸਰਕਾਰ ਆਪਣਾ ਪਹਿਲਾ ਪੂਰਨ ਬਜਟ ਪੇਸ਼ ਕਰਨ ਜਾ ਰਹੀ ਹੈ...
— Bhagwant Mann (@BhagwantMann) March 10, 2023
ਮੈਨੂੰ ਉਮੀਦ ਹੈ ਕਿ ਅੱਜ ਦਾ ਬਜਟ ਲੋਕ ਪੱਖੀ ਹੋਵੇਗਾ...ਤੇ 'ਰੰਗਲੇ ਪੰਜਾਬ' ਵੱਲ ਵੱਧਦੇ ਪੰਜਾਬ ਦੀ ਝਲਕ ਵਿਖਾਈ ਦੇਵੇਗੀ...
Punjab Budget 2023 LIVE UPDATES: Punjab Finance Minister Harpal Singh Cheema on Friday presented a Rs 1.96-lakh-crore full Budget for 2023-24. The Budget this year focuses on agriculture, education and health segments. He proposed an outlay of Rs 17,072 crore for school and higher education
Speaking in the Punjab Assembly, Finance Minister Harpal Cheema said education, health, and agriculture were among the priority sectors for the AAP-led Punjab Government.
Also Read: Punjab Budget session 2023: Do not cherry-pick on corruption, Partap Bajwa tells CM Bhagwant Mann
Notably, the Budget session of the Punjab assembly began on March 3 and is taking place in two phases.
The first phase will begin on March 3 and continue till March 11. The second phase of the Budget session will commence from March 22 and will continue till March 24.
The initial days of Punjab Budget Session witnessed uproar and heated arguments between the opposition leaders and ruling Aam Aadmi Party members.
On the second day of the Punjab Budget session, there was a heated exchange between Chief Minister Bhagwant Mann and Opposition Leader Partap Singh Bajwa.
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There was a ruckus in the house as the Congress MLAs demanded an apology from CM Bhagwant Mann over his “threatening posture” towards its members.
Meanwhile, the parents of Punjabi singer Sidhu Moosewala, accompanied by Congress leaders, sat on a dharna outside Punjab Vidhan Sabha demanding justice for their son.
On Day 3, as soon as the Chief Minister of Punjab arrived the House, Punjab Congress President Amarinder Singh Raja Waring, Leader of the Opposition Pratap Singh Bajwa and other Congress MLAs boycotted the session and walked out of the house.
Also Read: Punjab Budget Session 2023: Partap Singh Bajwa compares CM Bhagwant Mann to ‘Hitler’
Fourth Day of Budget Session witnessed a stormy start as AAP and Congress MLAs exchanged heated words over the sharing of details regarding the cut in the security cover of VIPs, including Sidhu Moosewala, on social media allegedly by “key functionaries” of the AAP government days before his murder.
- PTC NEWS
