The provincial government is expected to set a revenue collection target of approximately Rs712 billion for the next financial year.

The largest share of revenue is projected to come from General Sales Tax (GST) on services, which is expected to generate around Rs320 billion.

The sources said that excise duty collections are estimated at Rs128 billion, while stamp duty and registration fees are expected to contribute Rs90 billion.

Revenue from sales tax is projected at Rs82 billion, while motor vehicle tax collections are estimated at Rs47 billion.

Taxes and duties related to electricity are expected to generate Rs35.2 billion, while land revenue is projected at Rs1.7 billion.

The budget proposals also include an allocation of more than Rs550 billion for the transport sector and local governments.

The provincial government has decided to continue subsidy programmes for farmers, students and labourers.

Proposed measures for farmers include subsidised tractors, solar-powered tube wells, low-cost seeds and fertilisers, as well as access to loans.

For students, the government is expected to continue the Honahar Scholarship Programme and the electric bike scheme.

The budget proposals also seek to continue with the policy of allocating at least 35% of development funds to South Punjab.

The budget proposals are expected to be submitted to the provincial cabinet ahead of the presentation of the provincial budget for the next fiscal year.