Pakistan's FY26-27 Budgets Show Little Relief for Ordinary Citizens Amidst Economic Hardship
THE budgets for FY26-27 are mostly out and the story they tell is the same as before: they don’t really care about us. Even when Pakistan has just gone through one of the worst inflationary periods of its history and everyone knows that fixed income groups have been hurt the most, both on the expenditure — through increases in prices of goods and services — and income side — through limited income-increase opportunities due to slow growth and greater direct and indirect taxat
Pakistan's newly released budgets for Fiscal Years 2026-2027 offer minimal relief to the general populace, despite the nation experiencing severe inflation. Fixed-income groups, in particular, have faced significant burdens from rising prices and limited income growth opportunities. The government's allocation for education has also seen a concerning decline, falling below the recommended international GDP percentage. While leaders emphasize education as a priority, the budget for higher education has remained stagnant, failing to account for inflation. This situation leaves many universities struggling with basic operational costs, including salary and pension payments. The budget also includes funding for 'vanity projects' alongside essential educational needs, raising questions about resource allocation.
The budgets indicate a lack of focus on the needs of ordinary citizens and a decline in crucial sectors like education, despite prevailing economic difficulties.
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