Prime Minister Shehbaz Sharif said that the making of Budget (FY2023-24) was particularly a difficult task in view of the persistent challenges arising out of the floods-related relief & rehabilitation, global supply chain disruptions & geostrategic upheavals.
In his twitter account he said that never-ending headwinds of political instability created by chairman PTI damaged the economy and created uncertainty, as the country remained on the boil for well over a year.
Budget (FY23-24) represents the beginning of the process to fix the economy's long-term ailments. The coalition government has prioritized the right areas that have the potential to spur economic growth, attract investment and make the economy self-sufficient.
The making of Budget (FY2023-24) was particularly a difficult task in view of the persistent challenges arising out of the floods-related relief & rehabilitation, global supply chain disruptions & geostrategic upheavals. Never-ending headwinds of political instability created by…— Shehbaz Sharif (@CMShehbaz) June 10, 2023
Mindful of the impact of inflation, the government has provided relief to public sector employees and pensioners in the form of pay raise of up to 35% and 17.5% respectively, and increased minimum wage to Rs. 32000.
He further stated that a more balanced budget that levies no new tax could not have been possible within the existing constraints. I commend all those who remained part of this exercise and played their role in this budget-making exercise.
The economy direly needs reforms, which, in turn, can be undertaken in a stable political environment, for economic development is intrinsically linked to political stability. It is here that the Charter of Economy appears to be the only way forward for our political parties to achieve prosperity for our people.