Mighty Mini Budget

Towards the last days of its tenure, the PML-N led Government came up with a concessional and appeasing Budget, ostensibly to woo the voters. Given the macroeconomic vulnerabilities in the economy it was a budget that could hardly be termed as sustainable. The new government had to step in and right the fiscal wrongs, with little room for fiscal maneuverability facing a double deficit and high expectations from the voters. As expected the Finance Minister proposed changes to the FY2018-19 budget through a mini-budget. The worrisome aspect of the mini-budget is that many of the commendable features of the PML-N budget, which were meant to control money-laundering and the parallel economy have been scrapped, contrary to the tall claims made by the PTI leadership in their criticism of the last government in the pre-election sloganeering. The mini-budget and the governance of the country is starting to portray an image of a government that does not have an economic plan in place and appears to be learning on the job.

Read Complete Article: Mighty Mini Budget