National Assembly, Senate begin debate new budget

Saturday, June 15th, 2013 9:52:04 by

The National Assembly and the Senate are set to open debate on the most controversial and the first budget of the PML-N govt on Saturday.

The opposition routinely begin debate on the budget.

Parliamentary parties will hold meetings before the session to chalk out strategy.

Members from the treasury and the opposition benches will highlight different aspects of the budget and put up their proposals for the final document.

The govt did not announce any salary increase for the govt employees, leading to protest rallies across the country.

The GST increase has led to increase in the process of all essential items, the suggestion condemned by the people.

The Finance Minister says the budget envisages several relief measures including 10 percent increase in pension and a housing scheme for low income groups.

According to the budgetary proposals‚ the beneficiaries of Income Support Program will get 1200 rupees per month from the next financial year.

Ministers say that special schemes have also been announced for the young lot to help them stand at their own. Those pursuing masters and doctorate degree will be given laptops under a new scheme.

In view of the crippling energy crisis‚ it has been decided to pay off over 500 billion rupees circular debt in 60 days besides huge allocations have been made for major power projects.

The PML-N government has also taken unprecedented decisions of austerity measures and reduction of non development expenditures by thirty percent. These taxation measures are aimed at steering the country out of financial crisis and other multiple challenges.

Tags: , , ,

Short URL: https://www.newspakistan.pk/?p=40606

Posted by on Jun 15 2013. Filed under Latest News, National, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

You must be logged in to post a comment Login

Join WishFree.com

Photo Gallery

Unique Auction UAE
Log in