Former prime minister Imran Khan has rejected the federal budget, 24NewsHD TV channel reported Friday.The imported government has presented the anti-people and anti-business budget, he tweeted,
The budget is based on unrealistic assumptions about inflation (11.5%) and economic growth (5%). Today’s Sensitive Price Index (SPI) of 24% indicates that inflation will be between 25/30% which on the one hand will destroy the common man,”
“And on the other hand, retard economic growth due to high-interest rates. All our progressive tax reforms and pro-poor programs such as Sehat card, Kamyab Pakistan are being shelved. It is an unimaginative, Purana Pakistan budget creating more burdens and misery for the nation,” Khan concluded.
The federal budget 2022-23 has a total outlay of 9502 billion rupees and the government claimed it would ensure ‘sustainable economic growth, industrial and agriculture development, and relief for the poor people.