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Investor Presentaiton

Chapter III - Estimates of Expenditure Government of Punjab commits to providing maximum resources for necessary procurement of medicines and equipment and repair of machinery & equipment. The allocations will help the Government in provision of better healthcare services to citizens in Punjab. Recreational, Culture & Religion Before COVID-19 took the entire world by surprise, Government of the Punjab was geared towards creating conducive environment for sporting events, promotion of cultural activities and development of tourism sector particularly cultural and religious tourism, tapping and highlighting the indigenous potential of the Province. Punjab has rich and diverse cultural history which deserves to be preserved for both present and future generations. Moreover, promoting cultural activities can attract investments and help in economic growth. Details of budgetary outlays are indicated below: Recreational, Culture & Religion BE 2019-20 RE 2019-20 (PKR Billion) BE 2020-21 Recreational and Sporting Services 1.018 0.951 0.921 Cultural Services 1.036 0.819 1.029 Broadcasting and Publishing 1.036 0.827 1.142 Religious Affairs 0.571 1.029 0.517 Admn. of Info. / Recreation & Culture 0.182 0.152 0.171 Total 3.842 3.777 3.780 Education Affairs and Services One of the most significant social sectors, Education captures the interest of all policy makers and practitioners alike. Improvement in Human Capital and the quality of employable labour has a direct causal relationship with investments in Education sector. Government Expenditure in Education sector has clearly shown positive impact on economic growth after some time lag although it may show negative impact on growth in the short run. Increased and effective Government spending on Education sector improves social cohesion, indirectly affects Health sector through consequentially improved nutrition, preventive care and sanitation and the educated population has more informed participation in public decision making. Since Primary and Secondary education is a legislative subject devolved to Local Governments after promulgation of Punjab Local Government Act, 2019, an amount of PKR215 billion has been allocated for District Education Authorities. In addition to this, an allocation of PKR 71.802 billion is proposed for Education sector at the Provincial level. Table below shows breakup of different services under this functional classification and allocations against each for financial year 2020-21 along with Revised Estimates for FY 2019-20. Education Affairs & Services Pre. Primary Education Affairs & Services Secondary Education Affairs & Services Tertiary Education Affairs & Services Education Services Non-Definable by Level Subsidiary Services to Education Education Affairs, Services Not Elsewhere Classified Total Page 27 (PKR Billion) BE 2019-20 RE 2019-20 BE 2020-21 1.712 1.351 2.089 29.332 22.234 30.366 35.288 31.950 34.852 0.280 0.271 0.271 0.577 0.485 0.566 4.122 4.816 3.657 71.311 61.107 71.802
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