Budget exercise meaningless: PTI

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Pakistan Tehreek-e-Insaf (PTI) spokesperson Asad Omar has termed the annual budget exercise meaningless on the basis of the performance statistics released by the government yesterday.
In a statement, he said the government has presented a budget every year and then proceeded to completely ignore it and end the year with no semblance to the original budget presented.
He said that starting the year with a budget that set a target of 4.7% of GDP as the fiscal deficit, by its own admission will end the year with a budget deficit of almost 7% (including circular debt) and which in reality will probably end up close to 8%.
This massive deficit is not only devouring almost all available bank debt but is also resulting in heavy monetization of the deficit through recourse to huge borrowing from the state bank of Pakistan, he added.

2 COMMENTS

  1. It is PTI or PMLN workers or supporters who are running mad becoz of this fifth year in power. I am sure no doctor will ever be able to treat their madness after next election, becoz next election will also be won by PPP and allies NS and IK will living in a mad house. Rural Punjab, Seraiki area, Sindh and KP are with PPP and allies. It is few Punjabi cities who r crying. Next elections will bring another PPP govt and disappointment for opponents

    • What will happen After PPP will win elections???… IS zardari madari beemari going to resolve power crises, Stop drones attacks, Stop terrorism, Solve balochistan and tribal issue, Get rid Pakistan of the IMF??…

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