Govt to bring mini-budget this month, claims Tarin
ISLAMABAD – PTI leader and former finance minister Shaukat Tarin on Wednesday said that the government would bring in a new mini-budget in the last week of the current month and warned of further inflation by imposition of petroleum levy up to Rs50.
Talking to media persons, he also said that a potential deal with the International Monetary Fund (IMF) for the revival of the extended fund facility (EFF) was still weeks away. He said that the deal would materialise by the end of July.
He lashed out at the ruling coalition for its economic policies and said the government had made several misstatements during last few weeks. He warned that the country was heading towards a serious economic crisis.
He said that the PTI government was focused on collecting more taxes from retailers through point-of-sale machines. Now, the government had gone for a fixed tax for retailers to protect its “constituency”, he added. “They have gone back to purana (old) Pakistan.”
Shaukat Tarin urged the government to focus on broadening the tax base. The PTI government, he said, had identified 43 million people who were not paying taxes.
On the issue of petroleum levy, he said that it would bring a storm of inflation in the county. He predicted that inflation would rise to 35-40 percent while economic growth would be between 2-3 percent. He said that the government was going to increase prices of gas and electricity from next month which would severely affect the poor people.
Tarin urged the government to announce fresh elections to take the country out of crisis.