Twirp : Terrorist Wahabi Islamic Republic Pakistan 2

[Naresh]

<b>Fiscal deficit may go up to 7.5pc</b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo-->

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->LAHORE, June 28 : <b>The federal budget for the fiscal 2008-09 may have understated expenditure on account of interest payments, federal and provincial salary bill, subsidies and development expenditure by Rs410 billion and overstated the growth in the expected tax revenue target by 7.5 per cent to 25 per cent over the outgoing year’s Rs1 trillion.

A study – A risky Federal Budget 2008-09 – by a private university estimates that the level of current and development expenditure could exceed the budget estimates for 2008-09 by almost Rs360 billion (if the government actually manages to curtail its non-salary bill by Rs50 billion and adjust part of the understated expenditure accordingly).</b><!--QuoteEnd--><!--QuoteEEnd-->

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->