he budget for the fiscal year of 2019-20 has been presented in the Assembly Minister for revenue Hammad Azhar read the budget inspite of Mr. Hafeez Sheikh, because the advisor of finance is not elected and an objection could be arisen in the parliament house. The house was showing the cricket stadium look because of the hue and cry of the opposition. The presenter of the budget did not care of fuss made by the opposition and he kept reading the budget.
As expected, almost all the articles have been taxed and these prices will be enhanced expect very few import of lavishly things have been discouraged but tax on cigarettes, oil, beverage has been levied due to which the prices of these items will further increase. Oil and sugar is such essential kitchen items without that the whole family cannot live. Though the tax on other things will also leave negative impact of routine life of the people yet the prices of daily use will be a hell for the poor uncontrollable inflation and price-hike will make the life disrupted and as compare there will be no uptick of income. The government, though increased ten percent in the salaries but this does not matter due to the taxes on consumers items. This is the same as push forward and at the same time pull back and the people are left empty handed.
Few aspects of the budget are mentionable that the minister has decreased ten percent of their salaries in pursuing of the Army. It is actually a gesture of austerity. The government has tried to eye wash the government employees by increasing ten percent of the wages.
To set the minimum wages at 17500 is though not reasonable addition but it can be called something is better than nothing. People believe that difficulties of the middle class will enhance and the coming time is harder for them. This budget cannot be termed people friendly rather it is anti social budget. Following value of the rupee against dollar has lessened the income of the people and the inflation has further reduced the purchase capacity of the have not’s.
The government accepts that the financial state of the people is precarious and circumstances are not affordable while the government is also unable to provide a slight relief to the people due to the staggering economy. It seems that Khan Government has strong resolve to fix the economy at any cost. The question is that the detracked financial situation can be taken on track within short time span, certainly not, so the people will have to bear the agony of forced thrust inflation.
Addressing the nation PM described the budget and for not giving the relief to the people, he told the perspective of former governments. He has intention to setup a high powered commission consisting on the high level probing agencies, who will ascertain the causes of deterioration condition of economy of the country. We think that it is a good step for better making the system. It should be setup on permanent basis.