Re: Pakistan budget 2012
Headache nahi tu aur kiya hay!!!
Cunning Zardari must be smiling, because he have enough numbers in the parliament to get this budget approved! then call for early elections, that is dissolving assemblies and setting up care-taker govt by the end of this year!!!
From where the funds are going to come? the deficit is already claimed at Rs 1200 Billion… and there is no amount kept for pay-off the circular debt!!! so there you go, a big chunk out there waiting to either to be added on this or get printed and add a great deal on the Inflation % which is another tax!!! No other source of revenue to over come such huge deficit but to go to IMF again and get chitrol!!!
However the Budget have funnier parts as well!
The most funniest part is, NO NEW TAX HAVE BEEN IMPOSED, LOL, All ministers including Dr. Sheikh must have smiled at it!!! because even after lots of research and all other consultation, they couldn’t comeup with any new kind of tax to impose!!!
Govt says that the New target of FBR is something aroung Rs 2,500, now that is some 25% increase from the existing collection which after reviewing twice have brought under Rs 2,000… with no new taxes how come they are going to be close to this number??? one may argue that, it is simple you stupid critic, just by devaluing Rupee and printing more notes!!!
And then they say they have included 3000 MW in the system??? when that happened??? last i knew the short-fall between the demand and supply is no longer 4000 MW it is aroung 8000 MW… so where is that 3000MW, i guess govt wanted to say they have managed to increase the short-fall and here we said govt did nothing on power crisis…
But yea as EyEsOnSkY](http://www.paklinks.com/gs/members/eyesonsky.html) have mentioned, it can be challenging as well, there are still ways to manage the crisis but it certainly would take 2 or 3 good years by the next govt to get out of this!!!