LAHORE - After getting formal information from the Punjab government regarding its share under Provincial Finance Commission (PFC) Award, City District Government Lahore (CDGL) has started preparing budget for the fiscal year 2010-11, officials told The Nation on Wednesday. The CDGL budget for the fiscal year 2010-11 estimated at over Rs 18 billion will be presented during the last week of the current month. According to the CDGL officials, the budget will be finalised within next 6-7 days and it will be presented during the last week of July. Under the PFC Award 2010, CDGL will get Rs 9824.789 million from provincial resources to meet its expenditures in the coming fiscal year. The amount will be transferred to the CDGL on monthly basis. The allocation for the CDGL in fiscal year 2010-11 is 20.12 per cent more than the amount allocated during the last financial year. In the year 2009-10, CDGL got Rs 8179.428 million under PFC Award. The additional resources will primarily be used to adjust the recent increase in salaries announced by the provincial government. Like other local governments in the province, CDGL heavily rely on fund transfers under PFC Award as own resources fulfill only half of the budget requirements. The Punjab government has made it clear to the CDGL that it would have to meet its expenditures in the available resources as no additional fund or supplementary grant would be given during the ongoing financial year. The Punjab government has advised the CDGL to keep development expenditures at a bare minimum level and in any case these should not be allowed to increase by more than 5 per cent of the budget estimates for the fiscal year 2009-10. According to the officials, the CDGL will have to cut development projects to meet the growing expenditures in the wake of recent increase in salaries of employees. They say that over Rs 2 billion will be consumed in meeting the growing expenditures of paying the salary bill due to recent increase in employees salaries.