Pakistan : Terrorist Wahabi Islamic Rep Pakistan 7

[Naresh]

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[url="http://www.geo.tv/6-3-2011/82065.htm"]Budget 2011-12: Defence to go up by 12pc[/url]



KARACHI: The government has finalized a budget of around Rs 3.7 trillion for the next financial year [color="#FF0000"]while the fiscal deficit has been estimated at Rs 1.0 trillion.[/color]



[color="#FF0000"]Defence budget may be increased by 12 percent[/color] and salaries may go up by 10 percent, according to the budget document.



The government will aim to contain its fiscal deficit to 4 percent of gross domestic product in its budget for the 2011/12 fiscal year to be announced later today, according to budget document received by Geo News, as the country tries to revive an economy hit by floods and militancy.



Pakistan had already been struggling since 2008 to keep its economy afloat with an $11 billion International Monetary Fund (IMF) loan, when the devastating floods last year inflicted another $10 billion in losses on the economy.



Dr. Farrukh Saleem anticipated this deficit as per the following two Articles :



[url="http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=44574&Cat=9&dt=5/1/2011"]1. Rs1,000,000,000,000 : Dr Farrukh Saleem - Sunday, May 01, 2011[/url]



[url="http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=43386&Cat=9&dt=4/24/2011"]2. Capital suggestion : Dr Farrukh Saleem - Sunday, April 24, 2011[/url]



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