Shehbaz Terms Historic Budget Deficit As Disastrous As Covid19, If Not More
PMLN President and National Assembly Opposition Leader Shehbaz Sharif says the historic budget deficit created by this government is a blatant contradiction of its tall claims.
In a statement, Shehbaz said the budget deficit hitting the unprecedented hight of 10 percent of the GDP, is even more disastrous than the new coronavirus. He said PTIied about last year budget deficit being 7.1 which was later revealed to be 9.1. This year the government is claiming 9.1 percent of GDP whereas independent experts say it is well over 10 percent, he said.
Shehbaz said it has now been proven beyond doubt through budget statistics that the budget deficit had already eaten our economy hollow even before the coronavirus outbreak in the country.
“This PTI government has not only shot the budget deficit through the roof but has totally failed to control the circular debt. The PTI increased the Circular Debt at three times the speed that of the PMLN government and this debt now stands at Rs 2.1 trillion”, the PMLN President said.
Shehbaz told the government to treat the treasury as a sacred trust of people and should stop mortgaging the future of the nation. He said, instead of making Pakistani youth Global Debt Slaves the government must invest in healthcare and education. PTI made the most drastic budget cuts to education and healthcare in its federal and provincial budgets, he said.
The National Assembly Opposition Leader said this budget shows that not only is the PTI government incompetent but also lies through their teeth to hide their incompetence.
