Lahore (Zuaib Butt) The Punjab government has finalized the key features of its budget for the fiscal year 2026-27, with preparations entering the final stage ahead of its presentation in the Provincial Assembly.
According to credible sources, the provincial government is considering providing fiscal relief to the federal government as part of broader efforts to support national economic management. The move is expected to help the federation manage its budget deficit and meet key fiscal targets.
Sources indicate that the salary and pension increase for Punjab government employees is likely to follow the formula announced by the federal government, ensuring consistency between federal and provincial pay structures.
The upcoming Punjab budget is expected to focus on development spending, infrastructure projects, public service delivery, health, education, and social welfare initiatives. Significant allocations are also likely for ongoing development schemes and public sector reforms.
Officials say the provincial government has completed consultations regarding revenue estimates, expenditure priorities, and development allocations. The final budget document is being prepared for formal approval before presentation.
Economic managers are aiming to strike a balance between development spending, fiscal discipline, and public relief measures while maintaining financial stability during the new fiscal year.
