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Where will money come from to finance the new budget?
- Article from:
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Economic Review
- Article date:
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June 1, 2008
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Copyright informationCOPYRIGHT 2008 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Concerns about inadequate resources to plug the budget gap continue to occupy our economic managers during the budget month - June. There have already been two extensions to the date of the budget announcement - from June 7 to June 10 and, more recently, to June 11. While political pundits claim that the one day delay is to ensure that the budget does not coincide with the day of the lawyer protest march, yet delays coupled with last minute shuttle diplomacy by Prime Minister Gillani seem to be a reflection of the yawning gap in the budget.
According to some media reports, the budgetary gap is expected to be around Rs.0.75 trillion with total outlay estimated at Rs.2 ...
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