Chandigarh, March 27 -- Punjab's financial situation remains precarious, with a significant portion of its budget being consumed by salaries, pensions, and debt servicing. Finance Minister Harpal Singh Cheema on Wednesday presented his fourth budget for the financial year 2025-26, outlining an expenditure plan of Rs 2.36 lakh crore. However, with mounting debt and heavy reliance on central grants and indirect taxes, Punjab finds itself struggling to allocate resources for new developmental initiatives.
From Where Punjab Will Get Its Money?
The total revenue receipts for the upcoming financial year are projected to be Rs 1,11,740.32 crore. The primary sources of income for the state include State Goods and Services Tax (SGST) - the biggest...