Asad Umar stands against the government on budget miscalculation issue

Criticism has been observed from the National Assembly’s Standing Committee on Finance against the government for presenting the wrong estimation of the budget deficit.

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  • Asad Umar takes the side of the opposition.

  • The budget deficit widened to 8.9 pc of GDP to 7.2 pc within 20 days.

  • On the wrong estimation of Budget of Finance Ministry, Asad Umar said, “It’s not simply error but more than that”.

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“What kind of budget estimates, the Ministry of Finance is preparing. Somebody should be held accountable who are deliberately making efforts to goof up the parliament,” the National Assembly panel Chairman, Asad Umar, said during the meeting at the Parliament House on Wednesday.

Criticism has been observed from the National Assembly’s Standing Committee on Finance against the government for presenting the wrong estimation of the budget deficit in the range of Rs800 billion.

While addressing to the parliament The Chairman NA Panel on Finance and Revenues, Asad Umar who is one the most active and significant member of PTI raised the issue and demanded that government should notify why they hide the facts.

He further stated that on eve of the budget for 2019-2020 the government presented the budget deficit estimates of 7.2 pc of GDP. After twenty days of presenting the budget on June 30, 2019, all of a sudden the deficit widened to 8.9 pc of GDP which is equivalent to Rs. 800 billion.

The poor performance of Finance Secretary Naveed Kamran Balochwas was also exposed during the session. He was unable to answer the questions raised by parliamentarians and asked the committee to give him some extra time to properly respond to the queries.

Despite that, Asad Umar questions the credibility of the Finance Ministry and said that what kind of calculations did the ministry that their assessment went off immensely to Rs800 billion within 20 days do.

“It’s not simply error but more than that,” he added.

The members of the committee set aside their political differences agreed on the poor performance of the Finance Ministry and were unitedly unsatisfied with the briefing of the ministry.


Also See: Finance Ministry Announces Discontinuation Of 40,000PKR Prize Bonds

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