LAHORE: The Punjab government has allocated Rs337 billion as Annual Development Plan (ADP) for next fiscal year.
Punjab Finance Minister Makhdoom Hashim Javan Bakht on Monday presented the budget 2020/2021 and said that the provincial government had decided not to compromise on ongoing development projects.
Giving breakup of ADP allocation, the minister said that an allocation of Rs97.66 billion has been made for social sector. Other allocations are included: Rs77.86 billion for infrastructure development; Rs17.35 billion for production sector; Rs45.38 for services sector; Rs51.24 billion for other sectors.
An amount of Rs47.5 billion has been allocated for special programs and another Rs25 billion has been allocated for public private partnership (PPP).
The minister said that realizing the limited resources of the provinces it had been decided to include private sector for innovative financing.
In this regard a Public Private Partnership Authority has been established in the province and about Rs165 billion mega projects have been identified.