Punjab Budget 2011-2012 was presented to the Provincial Assembly of the Punjab on June 10, 2011. This paper, prepared especially for the benefit of the Members of the Provincial Assembly of the Punjab looks at main contours of the Punjab Provincial Budget 2011-2012 and will serve as a backgrounder to PILDAT Briefing for Punjab MPAs on How to effectively participate in Parliamentary Budget Debate? scheduled at the start of the budget debate so as to equip MPAs to make an effective and useful contribution while reviewing the budget before its passage. The Budget analysis precedes an explanation of the context within which the budget is presented while also detailing the federal overview. The paper is authored by Mr. Nohman Ishtiaq who is a public financial management specialist and is currently advising the Federal Government and the Government of Khyber PakhtunKhuwa. He has helped the Federal Government in implementing country-wide reform programmes related to Financial Management. He works with AbacusConsulting, Pvt. Ltd, a premier management consulting company in Pakistan as a Director. Professionally he is a Chartered Accountant and a Chartered Management Accountant from the United Kingdom.