Punjab is expected to present its budget for the 2026-27 fiscal year during the second week of June, following the federal budget announcement scheduled for June 5.
According to sources in the Punjab Finance Department, preparations for the provincial budget have been completed, with the total budget size expected to be around Rs6 trillion.
The new budget is expected to focus on major sectors including education, healthcare, road infrastructure, sanitation, agriculture and public safety. The provincial government plans to allocate resources to both social welfare programs and economic development projects.
Sources said Punjab Finance Minister Mujtaba Shuja-ur-Rehman is likely to present the budget in the provincial assembly.
The budget is expected to remain free of new taxes, with no additional taxes proposed for the next fiscal year. Government employees and pensioners are also likely to receive salary and pension increases in line with those announced by the federal government.
A development budget of about Rs1.6 trillion has reportedly been proposed to support infrastructure schemes and improvements in public services across the province.
The budget may also include measures to expand the tax net and make adjustments to some service-sector tax rates to improve revenue collection without imposing new taxes.
Punjab is expected to receive more than Rs4.5 trillion under the National Finance Commission (NFC) Award, which will continue to be a major source of provincial revenue.
Sources further said that subsidy programs for farmers, students and labourers are expected to continue under the new budget, reflecting the government’s focus on social welfare and economic stability.
The final details of the budget will be confirmed when it is formally presented before the provincial assembly later this month.
