Budget for FY2019-20 to be unveiled on June 11: SAPM Awan

Published May 28, 2019
Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Dr Firdous Ashiq Awan addressing a press conference in Islamabad. — DawnNewsTV
Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Dr Firdous Ashiq Awan addressing a press conference in Islamabad. — DawnNewsTV

Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Dr Firdous Ashiq Awan announced via a post-cabinet meeting press conference on Tuesday that the budget for the upcoming fiscal year will be announced on June 11.

She said that the budget strategy and policy document which is closely linked to the Pakistan Tehreek-i-Insaf's vision was presented in today's cabinet meeting by Adviser to the Prime Minister on Finance Hafeez Shaikh and his team.

Awan said that the details of the budget and the suspense associated with its terms will be addressed by the finance adviser himself, but attempted to provide a "general layout" as a window to the terms of the budget.

Read next: Hafeez aims for record high revenue target

She said that the guiding principles of the budget set in light of Prime Minister Imran Khan's directives prioritised, first and foremost, the government's desire to steer the economy on to the path of stabilisation.

"Our focus will be the stabilisation of the economy, managing external deficit by decreasing imports, reduction of fiscal deficit through revenue mobilisation and expenditure control, setting the path for public debt reduction," she said.

The SAPM revealed that special focus was accorded throughout the meeting to "how the government can protect the vulnerable segment of society in the forthcoming budget".

She said that the discussion and debate revolved around reducing the impact of the budget on the common man as much as possible.

"The government's purpose in this budget is to create a platform for growth because job opportunities are linked to growth and only when growth increases will job opportunities grow," she said.

Awan said that the provincial governments played a central role in the development of the budget due to the National Finance Commission (NFC) Award which sees a major chunk of the budget go to the provinces and the space subsequently shrunk for the federal government within which to operate.

"Whilst laying [the foundations of] the budget all provincial governments were taken onboard and the challenges being faced on the economic front were incorporated and a way forward charted with the consensus of all parties involved."

She said that the way forward devised and put into action by the government's economic team has stabilised the value of the rupee and that uncertainty and "rumour factories" which had brought instability to the economy have been shut down.

"Positive indicators have begun to emerge. The stock exchange has contributed and behaved positively and ultimately is making new records."

Death penalty proposed for child abuse

Awan told the news conference that Prime Minister Imran Khan had during the meeting expressed his resolve and concern regarding the rise in misuse of internet for child pornography and an increase in incidents of child abuse as a result.

"A rise to a dangerous extent has been observed in cases of child molestation. Therefore, the prime minister addressed in detail the ministries of human rights, law, and especially the interior ministry, and gave them the responsibility of examining, assessing and analysing the existing juvenile laws regarding sexual violence, sexual exploitation, rape of children, and other violent behaviours."

Prime Minister Imran proposed that death penalty be fixed for all those engaging in the exploitation of children, according to Awan.

"All three ministries have been instructed to get together on this, prepare an implementation plan and bring it before the cabinet so that this growing menace can be curbed with an effective law and a mechanism of deterrence as well as awareness can be created," she said.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Desperate measures
Updated 27 Dec, 2024

Desperate measures

Sadly in Pakistan, street protests and sit-ins have become the only resort to catch the attention of a callous power elite.
Economic outlook
27 Dec, 2024

Economic outlook

THE post-pandemic years, marked by extreme volatility in the global oil and commodity markets as well as slowing...
Cricket and visas
27 Dec, 2024

Cricket and visas

PAKISTAN has asserted that delay in the announcement of the schedule of next year’s Champions Trophy will not...
Afghan strikes
Updated 26 Dec, 2024

Afghan strikes

The military option has been employed by the govt apparently to signal its unhappiness over the state of affairs with Afghanistan.
Revamping tax policy
26 Dec, 2024

Revamping tax policy

THE tax bureaucracy appears to have convinced the government that it can boost revenues simply by taking harsher...
Betraying women voters
26 Dec, 2024

Betraying women voters

THE ECP’s recent pledge to eliminate the gender gap among voters falls flat in the face of troubling revelations...