What Will the People Get from the 2025–26 Budget? A Poor Citizen Tells Unfiltered Truth | Top Story
#lahorenewshd #topstory What Will the People Get from the 2025–26 Budget? A Poor Citizen Tells Unfiltered Truth | Top Story The 2024–25 Federal Budget of Pakistan, presented on June 12, 2024, and passed by the National Assembly on June 28, 2024, has been a subject of significant public and political discourse. The budget, totaling Rs 18.877 trillion, outlines various fiscal measures and allocations aimed at addressing the country's economic challenges. 💰 Salary and Pension Increases In an effort to provide relief to government employees and pensioners amidst rising inflation, the federal government proposed a 35% increase in salaries for employees in grades 1–16 and a 30% increase for those in grades 17–22. Additionally, pensions were increased, with a notable 20% hike for pensioners over the age of 80. The minimum wage was also raised from Rs 32,000 to Rs 36,000. These measures were part of the government's strategy to enhance the purchasing power of public sector workers and address their economic concerns. 🗣️ Public Reaction The budget has elicited mixed reactions from various segments of society. While the salary and pension increases were welcomed by government employees and pensioners, there has been criticism regarding the overall fiscal strategy. The proposed tax hikes, particularly the 18% General Sales Tax (GST) on essential items like agricultural implements and fertilizers, have raised concerns among the business community and economists. Critics argue that these measures could exacerbate the cost of living and burden the already struggling middle and lower-income groups. Furthermore, the ambitious tax revenue target of Rs 13 trillion has been viewed by some as unrealistic, given the challenges in Pakistan's tax collection system. Political analysts have also pointed out that the budget's reliance on securing an IMF loan and implementing stringent tax measures may lead to increased public dissatisfaction if the anticipated economic benefits do not materialize promptly. 🔍 Conclusion The 2024–25 Federal Budget reflects the government's efforts to balance fiscal discipline with social welfare. While the salary and pension increases are steps towards supporting public sector employees, the broader economic implications of the proposed tax measures and revenue targets remain a topic of debate. The coming months will be crucial in determining the effectiveness of these policies in achieving economic stability and growth. #PakistanBudget2024 #SalaryIncrease #PensionHike #PublicReaction #EconomicPolicy #TaxReforms #IMFLoan #FiscalPolicy #GovernmentEmployees #CostOfLiving ................................... Visit our website: http://lahorenews.tv To watch news live, visit: https://lahorenews.tv/live Facebook: / lahorenews.tv Twitter: / lahorenewshd #LahoreNewsHD