Former Minister Rana Criticizes Ambitious Budget, Cites Debt and Infrastructure Imbalance
Summary
Former Finance Minister Uday Shumsher Rana criticizes the government's upcoming fiscal year budget for being overly ambitious, highlighting concerns over debt levels and insufficient infrastructure expenditure.
Key Points
- Uday Shumsher Rana critiques the upcoming fiscal year's budget as excessively ambitious with a 25% increase from the current year.
- He highlights an imbalance between planned debt acquisition and infrastructure development spending.
- The government plans to take a loan of 6 kharba 57 arab rupees but allocates only 4 kharba 31 arab rupees for infrastructure.
- Rana warns of difficulties in debt repayment if funds are not used productively and doubts achieving 7% economic growth target.
