LAHORE: Opposition leader Mian Shehbaz Sharif has rejected the federal budget for FY 2020-21 calling it antipeople and warning that it would lead to further aggravate inflation and unemployment.
Opposition leader Shehbaz Sharif said in a statement that the government first tried to hide its incompetence behind Pakistan Muslim League Nawaz (PML-N) and now it’s using coronavirus as an excuse. He said that inflation, unemployment and business stagnation are at an all time high.
Shehbaz Sharif said that the incumbent government’s budget would prove to be the final blow to Pakistan’s already ailing economy. He said that my fears have come true and labeled the budget nothing but a recipe for disaster.
He said that the country is paying for the government’s incompetence because it is reversing PML-N’s adopted formula of higher growth and lower inflation. The budget announcement proves that the government is not ready to take the path of reform and wisdom, he added.
The leader said that the historic deficit of Rs 1.7 trillion in tax revenue was due to the performance of the present government as for the first time in 68 years, the country’s GDP has turned negative.