1. #1

    Post PTI terms budget futile exercise

    LAHORE: Pakistan Tehreek-e-Insaf spokesperson Asad Omar has termed the annual budget a meaningless exercise. The government presents a budget every year, but the financial year ends with no semblance to the original budget, he said. Omar said the year starts with a target to keep the fiscal deficit at 4.7%, but the government incurs a budget deficit of almost 7% at the yearend. This massive deficit not only devours available financial resources, but it also resulted in heavy borrowing from the S... more

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