Pakistan Government amid coronavirus crisis, presented the budget which has put the PTI rookie at the job incumbents in hot waters. From general public to critics and also US analyst’s claiming the budget not being as descriptive as it should have beenneither of sustenance. Government losing at all ends, from ensuring economic stability to impeding COVID-19 mushrooming, which safe to say has been dealt with woefully. Slashed budget to Slashed survival of the virus-stricken bodies, Government seem extremely unpretentious and guileless on accepting their blames on any at hand circumstance, instead the blame game now even includes general public being called out as the most ‘ignorant nation’ by the Health minister Yasmin Rashid for the envisaged surge in COVID-19 cases.
With the economic damage caused by the COVID-19 pandemic still being equated, the annual CPEC allocation has been reduced from $241 million last year to $159 million in the budget running to June 2021.
Stella Hong Zhang, an expert on China’s economic engagement with Pakistan and currently a postgraduate student at George Mason University in the U.S., said that China’s reaction will become apparent at the next CPEC joint cooperation committee meeting, which will most likely take place in July. “I think China will understand that it’s difficult times for everybody, so the reduction in spending for CPEC projects is understandable,” Zhang told the Nikkei Asian Review.
Some analysts think that Beijing will endure the slowdown acknowledging current global crisis. “If China underestimated the complexity of Pakistani politics in the earlier years of CPEC, by now it should realize that it has many lessons to learn about the ethnic conflicts and partisan politics,” said Zhang. “I don’t think Beijing is in any rush to push forward the CPEC projects if the Pakistani side is not ready.”
A new report by US. has also said that Pakistan’s budget lacked minimum fiscal transparency and it also did not adequately disclose all debt information amid a sharp surge in government’s contingent liabilities in outgoing fiscal year.The 2020 Fiscal Transparency Report by the State Department comes amid 21.5% increase in sovereign guarantees during first nine months of outgoing fiscal year, highlighting fiscal risks due to growing losses incurred by Pakistan’s state-owned enterprises.
With circumstances coming down to military having its budget slashed, the government is nowhere near to a mend. Political analysts’ months old conjectures regarding tensions among ministries has been corroborated by one of major PTI ministers himself. The government has six months to perform, said Federal Science and Technology Minister Fawad Chaudhry in an interview with an international news organisation. Fawad also claimed Prime Minister Imran Khan has told the federal cabinet that if it does not perform within six months, matters may escalate. He stressed that there were great expectations from the prime minister and the PTI government. It came into power on the promise of reforming the entire system, not just fixing nuts and bolts, he said. In much criticized matter of continuous shuffling of ministries by Imran Khan, including his own, in regards to which he said that after being removed as the minister for information and broadcast, he did not wish to be given another ministry. But Syed Zulfiqar Bukhari said the prime minister wanted him to have another ministry.
Punjab’s Provincial Minister for Information Fayyaz ul Hassan Chohan took an aim at Fawad Chaudhry for his blunt remarks about failures of PTI government saying that if the Minister for Science and Technology is dissatisfied with how the government is performing, he should tender his resignation and dissociate himself from it.
PTI government has been one of the lucky incumbents who had relished an incapacitated opposition but not to mention they do not really need one considering their personal ongoing fallouts within the government, Ministeries of PTI are not even at the same page and can also now see themselves failing at proving quarter of what they had promised. The incompetency of Khan’s government has been out of establishment to conceal, and any other option for governance is not in sight. There is no one stopping Imran Khan’s Tehreek-e-Insaaf from completing his five-year tenure then his own party, in ruling governance. COVID-19 pandemic has just been an excuse for the fall of an economy that were to fall anyway.
Writer’s an analyst, sports enthusiast and a public speaker of youth conferences