Download THE PUNJAB LOCAL GOVERNMENTS (BUDGET) RULES, 2017 — They shall come into force at once. They shall apply to all the Local Governments except the Union Councils, District Education Authorities and District Health Authorities in the Punjab. Budget means a statement of estimated receipts and expenditure of the Local Government for a Financial Year. Annual Budget Statement means the statement of the estimated receipts in the local fund of the Local Government and the estimated expenditure thereon, for a financial year, required to be laid before the House before the commencement of that year. Before the commencement of the next financial year, the Mayor or Chairman shall present the Budget for consideration and approval of the House.