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MACROECONOMIC OUTLOOK AND CHALLENGES TABLE OF CONTENTS 01 2 ESTIMATES OF RECITES 05 3 ESTIMATES OF EXPENDITURES 19 SECTION 1: ANNUAL DEVELOPMENT PROGRAMME 29 4 SECTION II: RISE PUNJAB 41 5 PUBLIC ACCOUNT OF THE PROVINCE 45 6 DEBT, PENSION AND GPF LIABILITIES 47 7 IMPACTS OF COVID-19: FISCAL PRESSURES AND HEALTHCARE DEFICIT 59 DO 65 8 - MSMES REVITALIZING PUNJAB'S ECONOMY 9 PUBLIC FINANCIAL MANAGEMENT (PFM) REFORM 71 BREAKING THE MOULD: 10 77 INCLUSIVE BUDGETING, FRAMEWORK FOR ROLLING EXPENDITURE AND THE REST

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