Lahore/Islamabad: Pakistan Tehreek-e-Insaf has severely criticized the government by calling the budget of the next fiscal year an economic murder of the people and Jamaat-e-Islami calling it an IMF budget.
The budget for the upcoming financial year 2024-2025, presented by the federal government, has been called a poison killer by the Pakistan Tehreek-e-Insaf. In the ongoing response from Pakistan Tehreek-e-Insaaf, it has been said that the anti-people budget of the federal government is not only a means of economic murder of the people but also an attack on the daily life of the common man. The current budget is actually the IMF budget in which the government There is no intention involved.
The spokesperson of Tehreek-e-Insaf said that the economic growth rate target for the next financial year was set at 3.6%, while according to the World Bank, the growth rate will not exceed 2.4%. The target of 12% inflation rate is completely unrealistic considering the budget. It will be impossible to achieve.
In the statement, it is said that according to the budget presented by the federal government, there will be a storm of inflation as a result of the heavy taxes on the people. At the request of the IMF, the tax target has been increased by 48% to 12970 billion rupees, which is the government’s extreme It is a cruel act.
The Tehreek-e-Insaaf spokesperson said that non-tax revenue, which is a major source of inflation, has been increased to Rs 3,587 billion, the budget deficit, which according to the Federal Finance Minister will be 6.9 percent of GDP, the highest level in history. While the end of tax exemptions on exporters will affect the country’s exports badly.
Tehreek-e-Insaaf spokesperson said that the increase in tax on real estate sector will not only spread panic in the market but also encourage transactions through cash. which is insufficient to pay only 9775 billion rupees in interest.
Tehreek-e-Insaf said that for the first time, the pension bill has been increased from the expenditure of 839 billion to 1014 billion by the civil government, the tax rate has been increased from 35 to 45 percent and the salaried class has been strangled by changes in tax slabs. For the first time, tax on real estate sector has been reduced to 15% and for poor non-filers to 45%.
Tehreek-e-Insaf spokesperson said that the addition of late filer category after tax filer and non-tax filer category is another stupid move of the government, while surprisingly 593 billion rupees have been allocated for the Benazir Income Support Program, which benefited families. number is only 9.3 to 10 million, it is a joke to allocate only 5 billion rupees for the agriculture package as opposed to the claim of 1800 billion by Shahbaz Sharif.
Tehreek-e-Insaaf said that in the context of 12% inflation rate, the proposal of 22 to 25% increase in the salaries of government employees is beyond understanding, the increase in petroleum levy up to 80 rupees is another attempt to put more burden on the public, the federal budget. 25-2024 is a collection of contradictions that are against people, employment and economic development.
On the other hand, Jamaat-e-Islami Ameer Hafiz Naeem-ur-Rehman has responded and said that the IMF’s slavery document has been called the budget, the Finance Minister’s speech was a story of failures, the government has also allowed the IMF to interfere in the institutions. has given
He said that the rulers do not have the courage to negotiate with the IMF keeping in mind the national interests, the finance ministers are imported into the country, the economy did not improve with 23 programs taken from the IMF, FB in increasing the tax revenue. R has no credit.
He said that 326 billion was collected from the salaried class, the poor were squeezed by petroleum levy, expensive gas and electricity billing, 87% of the tax income goes to pay the debt and interest, as long as the interest remains, the economy is not good. Hoagie, expensive electricity is the result of cruel and anti-people contracts made with IPPs.
