Punjab Cabinet on Tuesday approved to present the state budget — Annual Financial Statement (budget estimates) — for the year 2023-24 on the floor of Punjab Vidhan Sabha in the ensuing session of the state assembly, scheduled to begin from March 3.
 
“In pursuance of the provisions contained in Article 202 and Clause (1) of Article 204 of the Constitution of India, the Annual Financial Statement (Budget Estimates) of the Government of Punjab for the year 2023-24 is required to be presented in the Punjab Vidhan Sabha after recommendation of the Governor of Punjab. Keeping this in view, the Cabinet has decided to present the same in the ensuing Punjab Vidhan Sabha session,” said the government spokesperson.
 
The Cabinet also approved to present Supplementary Demands for Grants of the Government of Punjab for the year 2022-23, case of regularization of excess expenditure incurred from year 2015-16 to year 2018-19; and CAG reports, in the House.
 
The reports of the Comptroller and Auditor General of India on Performance Audit on the Implementation of Mahatma Gandhi National Rural Employment Guarantee Scheme in Punjab; on State Finances for the year ended March 31, 2022; on Compliance Audit for the year ended March 31, 2021; Finance Accounts, Appropriation Accounts for the year 2021-22, will be tabled during the ensuing session of Punjab Vidhan Sabha.
 
The cabinet also gave its approval to the annual administrative report of the Industries Department for the year 2020-21.