The Budget 2019-20 was presented within the backdrop of arrests of former president Asif Ali Zardari and Opposition Leader in Punjab Assembly Hamza Shahbaz. This unfortunately took away the attention from the much-desired financial discourse on the budget announcement day and all media outfits remained more focused on the evolving political panorama. The federal government, for its part, in a well-crafted budget speech provided its analysis of the dismal economic efficiency, and on the same time, provided a message of hope.
For someone who has been following these finances speeches for almost twenty years now, it got here as a harsh reality that the nation sadly couldn’t discover a full-time finance minister to present PTI’s first federal price range.
A key success indicator throughout fiscal 12 months 2019-20 might be to strategy the excessive income targets set by the federal government. This, sadly, won’t be doable with the present tax assortment equipment and a weak response to amnesty scheme. Will the PTI authorities have the political will to overtake the tax administration, doc the financial system and run after the tax evaders? Or will this authorities additionally proceed to tax the already taxed. Maybe solely time will inform.