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Pakistan Budget Based on Transparency, Realism: Prime Minister
Source: brecorder.com
Source Date: Saturday, June 26, 2010
Country: Pakistan
Created: Jun 28, 2010

Prime Minister Yusuf Raza Gilani on Friday said the budget for the next fiscal year is based on realism and transparency. Speaking in the National Assembly after the passage of Finance Bill 2010, Gilani said there was no exaggeration in figures and whatever has been allocated in the budget would be spent. The Prime Minister was referring to the development budget for the ongoing fiscal year which was massively slashed.

He said after the approval of 18th Constitutional Amendment the budget for the next fiscal year is of entirely different nature. The focus has been shifted from federal government to provinces after more allocation of funds to the federating units. The provinces would have more resources and their responsibilities have also increased.

The Prime Minister expressed the hope that provincial governments would now effectively cater to the poor masses by themselves and also through their respective local governments. Gilani said majority of the recommendations of the opposition have been incorporated in the budget. Gilani thanked opposition as well as coalition partners and also those in the opposition who supported the budget. The Prime Minister also announced honorarium equivalent to one-month basic salary for the Speaker's staff, assembly staff, police, security personnel, CDA employees and information and attached department, who remained associated with the budget process.
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