Quote:
Originally Posted by Neo[t]
Finance Minister, Ishaq Dar has presented the Federal Budget 2013-14 on the floor of the National Assembly.
The Rs 3.5 trillion budget was formally approved by the Federal Cabinet earlier. The focus of the budget was on overcoming the energy crisis, stabilization of the economy, cutting down on non-development expenditures and enhancing productivity through new growth strategies.
What opinion you people would like to give regarding this budget? Is it good enough for public or is it a public enemy budget?
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Salam.
The present bugdet was approved by Finance minister.The statistics he briefed regarding bugdet is quite good in some sectors like Railway sector(RS 31 billion) which is actively destroyed.They need much improvement to get it on level as compare to other sectors.On other angle if we throw some light on them is Sales tax which is increased from 16% to 17% which means that products we buy is the need of our daily life price will increase depend on its fixed price(E.g the cigeratte is (28.44RS + 17%)=33.2.
RS 31 billion has allocated for Education which is same to Railway.The main important figure regarding pensioneries is increased to 5000rs / month which is quite impressed.
Regarding this approved budget for (2013-14) is quite good.But in some sectors sales tax has been touched the higher level.But this budget hit the middle class people.Some people was not expecting this reaction in form of budget.present Budget will spend the bulk of development for the energy sector and total 225 billionRs has been allocated for this purpose.Rs 59 billion have been allocated for the construction of new dams.The biggest most problem we are presently facing is energy crises which swallowed most of industries due to this energy crises.The budget,aims at restricting power sector losses, is expected to do so by bringing down subsidies and gradually increasing electricity tariff for all consumers.
Ministers discretionary fund has been scrapped.Prime Minister's house has been brought down by 40%.The Prime Minister's discretionary fund and secret funds of all government departments, except for national security agencies, have been frozen and scrapped.Benazir income support has been increased from 40 billion to 70 billion RS which means that Lower status people that depend on this Benazir income fund will be given 1200rs / month.
The Gwadar sea port will be linked to the northern areas of the country through a road link.The Pakistan Railways will be converted into a corporation.
The Government planes to build a road network inbfrasrtuctures.Motor way will be expanded.
Regards
Zohaib Khan Babar