Islamabad: The Pakistan Economy Watch (PEW) said the federal budget reflects priority of rulers to compromise national interests to please nobility and their vote bank.
The third budget of the incumbent government was not different from earlier ones which added to the frustration of masses and business community, it said.
“The budget again protected the interests of aristocracy while overburdening the corporate sector which is already paying 70 percent of the total collection,” said Dr. Murtaza Mughal, President PEW.
In a statement issued , he said that despite tall claims, the budget will result in nothing but inflation and unemployment to the masses which will add to the uncertainty.
Dr. Murtaza Mughal said that the federal government blasted the petrol bomb just five days before the budget setting a record of twenty-five mini budgets in the last three years.
The only duty of the FBR seems to bleed the masses white to protect nobility and provide funds for the princely living of the rulers as the expanses of PM and President House continue to rise by 10 percent annually which is now over million rupees per day.
Ten years back, the expanses of the army of ministers, advisors, special assistants were 240 million which is now Rs20 billion and increasing.
“Pakistan’s total debt is equal to 65 percent of the GDP while which eats up 68 percent of the whole tax collection which is leading country on path of economic suicide,” said Dr. Mughal.
He said that country can only survive if proper taxes are imposed on agricultural income, wholesalers and retailers, a majority of whom are PML-N supporters.
