Twirp : Terrorist Wahabi Islamic Republic Pakistan 3

[Naresh]

<b>Fudging the Pakistani budget</b>

<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Since the announcement of the actual budgetary figures for the 2007-08 financial year many stories have appeared in the press about the government’s economic inefficiency.</b> Most of these stories related to the federal government’s inability to make use of the full allocation for the Public Sector Development Programme (PSDP) and to ensure fiscal transfers to the provinces, as announced under the National Finance Commission (NFC) Award. But the real point has been missed somewhere.

<b>There has been an increasing trend in Pakistan to project the revised budgetary figures of the current fiscal year included in the budget document of the subsequent financial year, in a manner that they hide the government‘s inefficiency which becomes evident only after the actual budgetary figures are released by the Finance Division in end August.</b> As the focus of attention has drifted from the budget by then, the government normally does not have to face much criticism from the opposition parties, civil society or the media. <b>(Unfortunately, the financial acumen of most parliamentarians, the one who actually pass the budget and enact it as law, is something about which the least said the better.)</b><!--QuoteEnd--><!--QuoteEEnd-->

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