Finance department, Punjab (Pakistan)

Finance Department is a department of Government of Punjab, Pakistan. The Finance Department is responsible for supervision and control of provincial finances, preparation of provincial budget, formulation of Financial Rules, management of public debt.[1]

It is headed by the provinicial Health Secretary Punjab.

Functions

The major functions of Finance Department are:[2]

  • Management of public funds
  • Framing of financial rules for guidance of departments
  • Supervision of accounts of provincial departments
  • Flotation and administration of provincial loans
  • Administration of public revenue
  • Audit matters of provincial receipts and expenditure

Wings

Following are the main Wings of Finance Department to perform and manage the functions of the department:[3]

  • Budget Wing
  • Regulations Wing
  • Local Government Finance
  • Economic Services Wing
  • Social Services Wing
  • Policy Analysis Cell
  • Monitoring Wing

Attached Departments

Punjab Revenue Authority

Punjab Revenue Authority is Semi Autonomous Revenue Administration for the collection of tax on services in the province. After Eighteenth Amendment to the Constitution of Pakistan collection of sales tax on Services was transferred to provincial governments by federal government.[4] [5] [6]

Local Fund Audit

Local Fund Audit (LFA) Department is responsible for personnel administration of the Treasuries and Local Fund Audit establishments.[7]

Risk Management Unit

Risk Management Unit (RMU) is the fiscal guardian for projects using Public Private Partnership (PPP) approach for procurement of infrastructure projects. [8]

See also


References

  1. ↑ About Us | finance.punjab.gov.pk
  2. ↑ Overview | finance.punjab.gov.pk
  3. ↑ Wings | finance.punjab.gov.pk
  4. ↑ Punjab Revenue Authority (PRA) | finance.punjab.gov.pk
  5. ↑ Punjab Revenue Authority to collect GST on services - thenews.com.pk
  6. ↑ Establishment of Punjab Revenue Authority challenged | Business Recorder
  7. ↑ Local Fund Audit (LFA) | finance.punjab.gov.pk
  8. ↑ About Us | Risk Management Unit
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