The federal government is set to present the mini-budget worth Rs350 billion today that is likely to bring a renewed wave of inflation in the country. Prime Minister Imran Khan has called a meeting of the federal cabinet that will approve the mini-budget today. PM Khan and the federal cabinet will be conveying it to the Finance Bill which will be presented to the National Assembly.
Later when the Finance Amendment Bill 2021 will be presented to the National Assembly, it will be the government’s contribution to acquiring IMF package worth $6 billion. Before that, PM Khan will chair a meeting of the members of PTI’s parliamentary party and guide them about the mini-budget.
The mini0bduget may cause the hike in prices of petroleum products, gas, and power due to the tough situation of the International Monetary Fund (IMF). Moreover, taxes, duties, and over 1,700 items will be increasing in the budget.
Do you agree with the widespread perception that the mini-budget will further add to people’s financial woes?