Showing posts from June, 2017

Budget 2017-2018: an anodyne view

Courtesy:-   Malik Muhammad Ashraf Preparing a  budget  and selling it to the public, more so to political opponents, is an arduous undertaking even in the most affluent and developed countries, particularly when it comes to new tax proposals and measures aimed at keeping the corporate sector in good stead to spur economic growth. Besides generating much-needed revenue for the government, taxes also affect the people – changing their economic situation. This makes taxes an unpopular proposition. So every segment of the society tries to look at the  budget  from its own perspective and so there is always a mixed reaction on the  budget s presented by the governments. The exercise is even more excruciating in third world countries like Pakistan that are facing financial constraints. Therefore, not surprisingly the  budget  for 2017-18 presented by the PML-N government has also spurred a debate about who benefits and who loses as a result of it. The debate, however, lacks objectiv