Senate Approve The Recommendations oF Mini Budget bill

ISLAMABAD: The Senate on Tuesday approved the recommendations on the Finance (Supplementary) Bill 2021, which the Opposition calls a “mini-budget”.

 The final report related to the bill, Standing Committee on Finance Chairman Senator Muhammad Talha Mahmood highlighted that the Opposition did not raise any objections to the bill.

The Federal Minister for Finance Shaukat Tarin presented the supplementary finance bill in the National Assembly last month, as a pre-requisite to resuming the $6 billion External Fund Facility (EFF) from the International Monetary Fund (IMF).

Terming the “mini-budget” an “IMF budget”, Mahmood said that the supplementary finance bill will bring a tsunami of inflation in the country.

He added that this is not just an Rs343 billion budget it is far more than that, adding that the finance bill will have a “negative impact on the common man.”

He was of the view that the government calls those a thief “whose money is used to run this country and the Parliament.”

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PM  Said that the purpose of the mini-budget is to document the economy effectively, adding that if the country’s wealth generation is not properly registered, it cannot raise tax collection.

“The country is facing imported inflation due to a rise in commodity prices internationally,” he said. “Inflation will ease in the coming months as pandemic pressures on the economy subside.”