Lahore: Punjab Finance Minister Dr Ayesha Ghaus Pasha unveiled the annual budget of Punjab province with a total outlay of 1447.2 billion rupees for the fiscal year 2015-16, allocating Rs.400 billion for development projects.

Presenting the budget in the Provincial Assembly, Punjab Finance Minister Dr. Ayesha Ghaus Pasha said four hundred billion rupees have been allocated for the next year's Annual Development Programme.

This is eighth consecutive budget of the Pakistan Muslim League-Nawaz (PML-N)'s provincial government.

As per the details of the budget read out by the provincial finance minister, the provincial government is eyeing a target of Rs160bn from provincial taxes and other sources.

The government has allocated Rs 400 billion for development works – a Rs 55bn increase from last year – and Rs 733 billion for non-developmental expenditure.

According to the 2015-2016 budget, The government has proposed a 7.5 percent increase in salaries and pensions of Punjab government employees, while it has set the proposed minimum wage of private sector workers to Rs 13,000.

Provincial government has also set aside Rs 103bn for education, Rs 82bn for health, Rs 117bn for rural development, Rs 105bn for expenditure on construction of roads and bridges, and Rs 87bn for the provincial police department.

Separately, the Punjab government is proposing Rs 31bn to end the power crisis, and Rs 17bn to develop the Multan metro bus project.

One hundred and ten billion rupees have been earmarked for maintaining law and order. Likewise, 166 billion 16 crore rupees have been allocated for health sector. Rs 21 billion have been allocated for irrigation while seventy billion rupees for clean drinking water in the next three years.

Medical allowance of government employees has been raised by 25% and the salaries of government employees have increased by 7.5%. Rs.20 billion have been earmarked for rehabilitation of flood affectees; Rs.10 billion for Orange Line Metro service and Rs.17 billion have been allocated for for Multan metro bus service.