Punjab Chief Minister Bhagwant Mann’s government has showcased strong financial management, achieving a record-breaking growth of 22.35% in GST collections.
Bhagwant Mann’s Government Achieves Record GST Collection Growth of 22.35%
In the first half of the financial year 2025-26 (April to September), Punjab’s GST revenue reached ₹13,971 crore, compared to ₹11,418 crore collected during the same period in the previous year (2024-25). This impressive increase reflects the state government’s effective fiscal policies and robust economic planning.
The rise in GST collections is being attributed to improved compliance
The rise in GST collections is being attributed to improved compliance, efficient tax administration, and streamlined processes that have made it easier for businesses to pay taxes. Experts believe that such growth indicates the state’s improving economic health and a steady increase in business activities across sectors.
With this additional revenue, the Mann government plans to further invest in infrastructure development, social welfare schemes, and public services, directly benefiting the citizens of Punjab. Sectors like education, healthcare, and rural development are expected to see enhanced funding, ensuring inclusive growth across the state.
Moreover, the consistent increase in GST collections signals investor confidence in Punjab’s economy. Analysts suggest that the state’s proactive governance and stable financial policies have created a favorable environment for both local businesses and potential investors, promising sustained economic growth in the coming years.
