budget2013

Provision of drinking water, electricity, toilets and boundary walls to help combat low retention rate.

This rate is double the 2% tax collected before the budget.

Terms budget ‘ambitious, risky and fragile’, sees inflation rising and deficit widening.

Does the new government which took over in early June know what to do to revive the economy?

CM had earlier announced that the government will not increase taxation but he had backtracked on his commitment: MQM

Zardari signed the bill into law following on the advice of the Prime Minister.

The city admin apparently forgot to include the projects in their budget documents.

Report on previous year highlights broken promises, missed targets.

Dr Khan questions the govt’s optimism on many fronts, including the power crisis.

Did the P&D Dept fail to do its job or was it poor governance, PML-N member asks.

Opposition decries insufficient funds for development, promises constructive role.

Total budget for new fiscal is Rs3.59t; Dar defends amendments as necessary to revive economy.

Five cut motions rejected.

Minorities issues also surface during the session, MPAs demand law against forced conversions.

No new development project was announced for the next fiscal year.

Last year, Rs850million were allocated for the project.

The engineering department has been given the lion’s share of Rs9.5 billion.

Nearly 13 per cent of the total development budget has been apportioned to health services this time.

Lawmakers, experts say ruling party needs to focus on capacity building of teaching staff.

Rs9 billion have been earmarked for development projects, Rs1.5 billion to non-development expenditure.

The education budget increased by 1% compared to 2012-2013.

The budget has a total outlay of Rs35.5 billion with a surplus of Rs101.1 million.

Merely increasing the amount is not enough: speakers.

MPAs pass resolution calling federal govt to take back its decision to collect FED.

Winds up budget debate, says house committees will be made more effective.

Assembly members hail the proposed budget, education allocations.

Finance Minister Sirajul Haq claims corruption is the province’s biggest problem.

Says IMF will be engaged on terms of mutual respect.

Implicit in the revealed budget strategy is a two-track approach; save economy first and then work on reviving it.

Syndicate also approves initiative to facilitate students from Balochistan by offering free education, board, stipend.

‘Cancellation of tax rebate will cause brain drain’.

Ayesha Javed calls for empowerment of PA committees, local government elections.

‘ADP not based on rational analysis and the factual financial position’.

Ask government to withdraw some tax measures to provide stimulus to economy.

Any fall in projected revenue will be overcome by increase in withholding tax on use of cellular phones.

Its proposals are not binding upon the National Assembly though.

AJK Finance Minister asked banks to introduce small loan schemes.

Govt to hold a donors’ conference to promote investment, cottage industry.

No allocation for primary and secondary schools in CAD’s budget.

Provincial assembly continues budget debate.

Lashes out for not coming up with a clear policy to restore peace.

Experts raise questions over definition of moveable assets.

The government had proposed an increase of the GST from 16% to 17% - a move that was criticised by many.

The government came under fire particularly for its income tax proposals and increasing GST rate.

92 per cent of the budget earmarked for non-development expenditure.

CM Baloch seeks to expand, empower the province’s middle class.

Opp leader criticises tax measures, development plan and education spending.

Says the amount has been provisioned for unrealistically and distort economic realities.

Chief Minister Dr Abdul Malik Baloch says every possible step has been taken to provide relief to the people.

PPP members threaten to stage walkout in protest; other opposition lawmakers lodge complaints against finance minister