Budget 2013-14 and Effects In Pakistan - Amazing Pakistan

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Sunday, July 28, 2013

Budget 2013-14 and Effects In Pakistan

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Pre-election high hopes are now fading away among the people of Pakistan, who have voted for the big slogans and beautiful dreams.
Like always, these politicians have approached the thinking of poor people of Pakistan with sweet dreams and fruitful results before the elections. Just after the formation of the government and announcement of the budget, these hopeless people once again repenting on their decisions which provided PML N government majority in the recent elections. Traditional approach of addressing the problems of the people of Pakistan is negating the claims and manifesto of Pakistan Muslim League Nawaz.
The government of Pakistan seems to be incapable to address the problems of Pakistan in the good manner. It's like a "New wine in the old bottle" concept with the new government. The business friendly budget does not have anything significant, to offer to the poor of this country besides higher taxes and price. This will certainly hit the poor of the country who are already facing lots of problems like energy crises, gas shortage, poor health and basic life facilities.
Taxing the poor is not a new idea and governments in past have used same practices for its short terms objectives of money gathering. Similarly, indirect taxes on people in the shape of price hike will deteriorate the overall economic situation in the country. Huge taxes in the petroleum prices will provide basis to uncontrolled inflation in the country which will impact to the people in the form of price hike.
An ill-sighted approach of revenue collection and leaving big fishes out of tax net will further increase the fire. Tough proposed cuts in the expenditures of Prime Minister House and government officials are still slogans yet and will be judged later. Furthermore, introducing huge money on laptops schemes across the country is just wastage of national money and the same should be used to strengthen economy.
Moreover, the expenditure in the form of development budget in the new public projects may further result in failed enterprises such as PIA and Railway. Instead of healing wounds of these enterprises, Government of Pakistan is opening new doors for corruption and mismanagement.
I hope that Government of the Pakistan may reconsider its policies and proposals presented in the recent budget 2013-14 for the betterment of the Pakistani people. They should devise such projects and policies which can provide relief to the people of Pakistan so that a healthy society can be build in Pakistan.
M Nouman Umar is a freelance writer and loves to write on variety of topics. You can know more about me through my profile.
Article Source: http://EzineArticles.com/?expert=M_Nouman_Umar


 

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