Punjab cabinet approves Rs5.3 trillion budget for FY 2026-27

Lahore (Web Desk): Punjab Chief Minister Maryam Nawaz Sharif on Tuesday gave formal approval to the provincial budget for the financial year 2026–27, after the 35th meeting of the provincial cabinet endorsed the budget proposal.

During the meeting, she stated that the government had worked to extend the highest possible relief to the general public and to lessen the economic pressure on citizens, despite challenging economic conditions and an uncertain global environment.

The Punjab CM added that although a considerable share of resources had to be transferred to the federal government, the provincial administration remained committed to prioritising public welfare and protecting citizens’ interests.

She further said that the FY2026–27 budget had been formulated without introducing any fresh taxes and was focused on development, public service delivery, and economic improvement.

Calling it a “budget of hope,” she said it aimed to provide relief to people by relying on the province’s own financial resources.

The chief minister also directed the Punjab Revenue Authority to enhance its performance and take effective steps for improving revenue collection, so the province’s financial strength could be further increased.

Maryam Nawaz expressed confidence in her government’s performance and hoped that, like previous budgets, this one would also meet public expectations.

The Punjab CM appreciated the teamwork and coordination shown by ministers and officials in preparing the budget, describing it as a citizen-focused financial plan.

She also prayed for continued strength and guidance to serve the people of Punjab with sincerity and commitment.

The Punjab CM acknowledged the contributions of Senior Minister Marriyum Aurangzeb, Finance Minister Mujtaba Shuja-ur-Rehman, Information Minister Azma Zahid Bukhari, Chief Secretary Zahid Akhtar Zaman, Finance Secretary Mujahid Sherdil, and the wider team involved in drafting the budget proposals.