An amount of Rs.337 billion has been allocated by the Punjab Government as Annual Development Plan (ADP) for the next fiscal year in the current budget presented on June 15, 2020.
As per the sayings of the Finance Minister of Punjab Makhdoom Hashim Javan Bakht, it has been decided by the provincial government to not compromise on ongoing development projects.
The breakup of ADP allocation:
- Rs.97.66 billion for social sector
- Rs.77.86 billion for infrastructure development
- Rs.17.35 billion for the production sector
- Rs.45.38 for the services sector
- Rs.51.24 billion for other sectors
- Rs47.5 billion for special programs
- Rs25 billion for public-private partnership (PPP)
Keeping in view the limited resources of the province, it has been decided by the government to include the private sector for raising finances.
For this purpose, a Public-Private Partnership Authority has been established in the province and mega projects of amount Rs.165 billion have been identified.