It is IMF budget, says JI




LAHORE, June 3: The Jamaat e Islami chief, Syed Munawar Hasan, 
 and Secretary General, Liaquat Baloch, have termed the FY2011-12 annual budget as the budget of international money lenders and not of the Pakistani people with no relief for the masses.
            In their reaction to the budget speech of the Finance Minister, they said the 15 per cent pay raise for government employees was totally inadequate in view of 25 per cent price rise during the outgoing year.
            They said that the Rs. 27.67 trillion budget included budget deficit of Rs. 3.4 trillion besides financial deficit of Rs. 851 billion. Almost one third of the budget, i.e. 791 billion would go to the foreign financial institutions as interest on loans.
            The JI leaders said that the government was seemed bent upon acquiring foreign and domestic loans which would lead to further raise in taxes, POL prices besides
electricity and gas charges. Only a paltry amount of Rs. 40 billion had been allocated for education and public health that reflected the government’s concern for the public welfare, they added.



                       

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