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"So what did you think of the critique on the budget?"
"That's a first - I had heard of critiquing the budget not a critique on the critique of the budget."
"Well the budget is rather unrealistic but then we all expected that. The unrealism began in April when the Finance Minister gave a growth rate of 4% at the International Monetary Fund/World Bank spring meeting while his minions back home came up with 3.2 percent."
"He came back and ordered the offending department to take 1999-2000 as the base year rather than the 2005-06 base year and viola! The rate rose to 3.7 percent."
"I have a proposal for the Finance Minister?"
"To cut expenditure, raise revenue through tax reforms and..."
"Good heavens no! That won't allow him to keep his job for more than one week, if that. I would suggest that he takes 1947 as the base year, the growth rate then would be more than 20 percent."
"Don't be facetious. Anyway you reckon the Finance Minister would not survive as long as the price for our petroleum products survive - fifteen days - when they are reviewed..."
"Don't be facetious. This is serious business anyway I would like to critique the critiquers of the budget..."
"The critiquers?"
"Yes those who critiqued the budget and I know that's not a word but if you can use the word lota as a new word then critiquers is good too."
"OK."
"Anyway Ishaq Dar is an accountant and there was no flaw in the budget accounting - it balanced and..."
"I see, so you reckon the PML (N) should have requested their economist Sartaj Aziz to critique it."
"Absolutely. Dar is not an economist and furthermore he is not even a technocrat, yes he has been a Finance Minister of this country but not a particularly good one."
"And Imran Khan?"
"Khan sahib talked of corruption and debt servicing and the same old things, he should have instead referred to lack of data integrity all around."
"Ah yes."

Copyright Business Recorder, 2012

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