Budget aims at stabilising economy: Ahsan Iqbal

Jun 17, 2013

ahsan-iqbal-nni-640x480RAWALPINDI: Pakistan Muslim League-Nawaz central leader and Federal Minister for Planning and Development Ahsan Iqbal has said that the budget was presented to stabilise the economy not to fulfil its promises. He said that the government decided not to print more notes of rupees as it would have increased inflation. He said that the PML-N government would realise all promises it made with the people within its five-year tenure. He said that if the government did not expand tax revenue net in the budget it would have been forced to raise begging bowl before foreign countries, referring to Kerry-Lugar Act. He said that strong and stable economy was his government’s first priority. It was his government’s first objective to stop damage to country’s economy, he said.

Ahsan Iqbal said this while talking with Hamid Mir in his Geo News programme “Capital Talk” on Thursday. Topic of the talk was ‘Budget 2013-2014’. Pakistan Tehrik-e-Insaf senior leader and MNA Arif Alvi taking part in the discussion said that they were weighing and evaluating the PML-N government on the scale of promises it made with the masses during the election campaign. He said the government has claimed to end the circulating debts within 60 days however we want government commitment that there will be no mini-budget in future.

Ahsan Iqbal in reply to a question of a viewer of the programme said that when the economy reaches at 8.8 levels, it starts ringing alarm bells. He said that tough measures are introduced in the budget to make economy sustain. He said the name of Benazir Income Support Programme (BISP) has been changed to National Income Support Programme which was started by Ishaq Dar. He said this programme should have a national role.

Another questioner asked it was strange that in the budget there was no mention about the labour class. He said that there were many departments left behind to bring in the tax net.

Some viewers welcomed government step of introducing housing scheme for the poor people. However it was beyond understanding that how a poor man will be successful in getting Rs1.5 million loan and later repay the same. (Courtesy: The News)