AGL 35.20 Decreased By ▼ -0.50 (-1.4%)
AIRLINK 123.23 Decreased By ▼ -10.27 (-7.69%)
BOP 5.04 Increased By ▲ 0.07 (1.41%)
CNERGY 3.91 Decreased By ▼ -0.12 (-2.98%)
DCL 8.15 Decreased By ▼ -0.27 (-3.21%)
DFML 44.22 Decreased By ▼ -3.18 (-6.71%)
DGKC 74.35 Decreased By ▼ -0.65 (-0.87%)
FCCL 24.47 Increased By ▲ 0.22 (0.91%)
FFBL 48.20 Increased By ▲ 2.20 (4.78%)
FFL 8.78 Decreased By ▼ -0.15 (-1.68%)
HUBC 145.85 Decreased By ▼ -8.25 (-5.35%)
HUMNL 10.85 Decreased By ▼ -0.15 (-1.36%)
KEL 4.00 Decreased By ▼ -0.06 (-1.48%)
KOSM 8.00 Decreased By ▼ -0.88 (-9.91%)
MLCF 32.80 Increased By ▲ 0.05 (0.15%)
NBP 57.15 Decreased By ▼ -0.65 (-1.12%)
OGDC 145.35 Increased By ▲ 2.55 (1.79%)
PAEL 25.75 Decreased By ▼ -0.26 (-1%)
PIBTL 5.76 Decreased By ▼ -0.16 (-2.7%)
PPL 116.80 Increased By ▲ 2.20 (1.92%)
PRL 24.00 Decreased By ▼ -0.15 (-0.62%)
PTC 11.05 Decreased By ▼ -0.42 (-3.66%)
SEARL 58.41 Increased By ▲ 0.41 (0.71%)
TELE 7.49 Decreased By ▼ -0.22 (-2.85%)
TOMCL 41.10 Decreased By ▼ -0.04 (-0.1%)
TPLP 8.31 Decreased By ▼ -0.36 (-4.15%)
TREET 15.20 Increased By ▲ 0.12 (0.8%)
TRG 55.20 Decreased By ▼ -4.70 (-7.85%)
UNITY 27.85 Decreased By ▼ -0.15 (-0.54%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 8,528 Increased By 68.1 (0.8%)
BR30 26,868 Decreased By -400.5 (-1.47%)
KSE100 81,459 Increased By 998 (1.24%)
KSE30 25,800 Increased By 331.7 (1.3%)
Print Print 2012-04-05

Partly Facetious: When PSDP becomes a political tool

"Allocations for Public Sector Development Programme (PSDP) would be increased for next year."
Published April 5, 2012

"Allocations for Public Sector Development Programme (PSDP) would be increased for next year."
"In next year's budget?"
"Yes, isn't that what I said?"
"There is a difference you know, a critical difference"
"I don't understand what you are trying to say."
"The budget allocation for PSDP allows the government to strut around claiming that its budget document is people friendly as it is committed to the welfare or shall we say development of the country but this allocated amount has never been actually disbursed by the end of the year?"
"Ah yes, but that's not the government's fault. The dratted budget deficit is becoming as intractable as the inter-circular debt..."
"Hey, the blame for both deficits/debts rests with the government as it is the government that holds the purse strings and even determines how heavy the purse would be as it levies taxes."
"But those dratted parliamentarians who refuse to pay taxes, and..."
"Whatever the reason the fact remains that the government of the day is responsible for the performance of key macroeconomic indicators; which needless to add have been impacting negatively on our quality of life in recent years!"
"The price of oil was raised due to a rise in its international price and it was not the government's fault..."
"The government nets over 120 billion rupees as development levy on petroleum and products and billions of rupees as sales tax on this very commodity, collections under which, I would like to point out, rise as the price of oil rises. So my point is petrol prices are higher than the regional average as well as higher than in the US and the West because of our heavy taxation on this product."
"But, as I said those dratted parliamentarians don't want to pay farm tax and..."
"The government of the day is responsible."
"But, constitutionally farm tax is a provincial subject."
"Which ought to have been amended during the 18 amendment discussions."
"Ah, there was a consensus and both PPP and PML (N) parliamentarians agreed not to tax the farm income."
"Ah yes!"

Copyright Business Recorder, 2012

Comments

Comments are closed.