Budget Cuts - News Summed Up

Budget Cuts


In a meeting hosted by the PM of Azad Jammu and Kashmir (AJK), Sardar Tanveer Ilyas, it was decided by the regional government that it would not present its own budget for the new fiscal year in light of the ‘enormous’ cuts in the budgetary grants by the federal government. Given the economic constraints within which this budget was released, it is vital that the federal government looks to overcome any grievances and explains that cuts were experienced by most sectors, provinces and ministries, not just AJK alone. The budget for AJK was slashed by Rs.5.2 billion in total, prompting immense opposition from the region. The health ministry, arguably one of the most relevant and important ministries given the current global health crisis, also experienced a budget cut from Rs.154 billion to Rs.19 billion. We are living through a national economic crisis and animosity between the government and regional authorities will only create more trouble.


Source: The Nation June 14, 2022 10:11 UTC



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