Fiscal Budget 2019-20

[VCheng]

If middle class is removed from equation, Pakistan will fall soon. We hand to mouth people run the show.

Elite class has ways to evade taxes or move their money outside. Poor's has nothing to loss so they stay at this place.

May I remind you of the famous quotes by PM Gilani in this regard?

 

[shah_123]

Congratulations for the Awaam dost budget --- the prices of daily necessities will increase, and these are not the ones imported.

 

[ghazi52]

Budget 2019-20: Maritime Affairs receives Rs 3.6 billion allocation

ISLAMABAD: The government has allocated around Rs 3.6 billion for the ongoing and new projects of Maritime Affairs Division (MAD) for the fiscal year 2019-20 under the Public Sector Development Programme (PSDP).

The fiscal allocations earmarked included Rs 3.535 billion for the ongoing projects and Rs 64.848 million for the new projects.

The maximum allocation (ongoing projects) had been made for the construction of Eastbay Expressway of Rs 2.4 billion, Rs 425.583 million for Pak-China Technical and Vocational Institute at Gwadar, Rs 292.3 million for the development and construction of port allied structures at Mullah Band Area and Rs 279.8 million for Business Complex R.O Plant (0.2 million gallons per day capacity).

The share for new schemes in the budgetary allocations included Rs 21.230 million for development of IT structure for implementation of E-Office, Rs 18.556 million for enhancement of seafarers reporting module and installation of new computer hardware/ID card printers Karachi and the project for providing and installation of security lights and street lights in premises of PMA got Rs 25.062 million allocation.

Budget 2019-20: Govt earmarks Rs1,340.225 mln for Law and Justice Division

ISLAMABAD: The Government has earmarked Rs 1,340.225 million under Public Sector Development Programme (PSDP) for completing various projects of Law and Justice Division during financial year 2019-20.

According to latest data of Public Sector Development Programme (PSDP) 2019-20 released by the Planning Commission, Ministry of Planning, Development and Reforms Rs 400 million has been allocated for the construction of Sessions Complex (East and West) in Mauve Area, Sector G-10/1, Islamabad.

While the estimated cost of the project is Rs 3,000 million.

From out of a total of Rs 6,119 million estimated cost of 10 ongoing schemes, the Federal Government has allocated Rs 940.225 million during Rs 2019-20 for the ongoing projects.

The Government has allocated Rs 34.179 million for the ongoing automation of Federal Courts located at Federal courts Complex at Islamabad for PSDP of 2019-20. Rs 11 million has been earmarked for ongoing construction of additional block in Judicial and Administration Complex at Mauve Area, G -10/1, Islamabad.

Yet other Rs 35 million has been earmarked during the next financial year for ongoing construction of Camp office for Federal Shariat Court at Peshawar.

Rs 89.869 million has been allocated for next FY for ongoing construction of Federal Courts Complex, Tribunal at Lahore.

Rs 655.981 million has been allocated in next FY for construction of Islamabad High court.

 

[maithil]

Best part of the budget is 11 slabs in income tax. Very revolutionary.

Meanwhile few idiots have started crying already.

https://twitter.com/x/status/1138440506562756608

 

[Verve]

Being middle class is a sin in Pakistan . If it's poor favouring budget yet middle class get grilled, and if it is industrial/investor's favouring yet middle class get grilled. Middle class has only option, whether to leave the country or start stealing and try to join elite or last to join poor class (between 2009-2013 many middle class families become Poor's this new budget will do same.

Overall taxes has been increased, tax slabs are now more brutal, same time development budget has been decreased. Nothing favouring overseas or investors, no new Opportunities for common people to earn.
.
(Let me go through complete, so far it looks like as per expectations i.e. based on IMF demands)

Well that's the price to be paid for living on borrowed money. When a nation borrows billions, it has to pay it back.

 

[ziaulislam]

Looking for tax details as it is looking gov. may implement tax on export industry and that can be very damaging. There is severe unrest in industry right now pending budget. Lets see!

The problem is tax industry wants blanket tax relief for products even sold at home..end resulrs why export at all..
Tax should be at manufacturing with refunds on exports simple ..the industrialist demands is unreasonable

Being middle class is a sin in Pakistan . If it's poor favouring budget yet middle class get grilled, and if it is industrial/investor's favouring yet middle class get grilled. Middle class has only option, whether to leave the country or start stealing and try to join elite or last to join poor class (between 2009-2013 many middle class families become Poor's this new budget will do same.

Overall taxes has been increased, tax slabs are now more brutal, same time development budget has been decreased. Nothing favouring overseas or investors, no new Opportunities for common people to earn.
.
(Let me go through complete, so far it looks like as per expectations i.e. based on IMF demands)

Leave the country as middle class is enjoying big releif not paying a penny in taxed apart from direct tax paid by poor(only exception is govt employees)

 

[VCheng]

Best part of the budget is 11 slabs in income tax. Very revolutionary.

Meanwhile few idiots have started crying already.

https://twitter.com/x/status/1138440506562756608

Just buy less, or do without. Problem solved.

 

[ziaulislam]

If middle class is removed from equation, Pakistan will fall soon. We hand to mouth people run the show.

Elite class has ways to evade taxes or move their money outside. Poor's has nothing to loss so they stay at this place.

Can you explain how?
Non fillers middle class pay less tax than poor in Pakistan (per proportion of their income)
And not even 5% of adult above 18 file

 

[i!i!i!i!i]

Many food items GST has been decreased or removed.

This budget was for poor and it's going to rightly hurt the middle and upper class and rightly so as all tax evaders are in these two classes.

This is what happens when people don't pay taxes.

Personally I would have linked tax filing to utilities bills. Non filers should be charged 30 times the electricity and gas price. Tax filing requirement over a limit set on units consumed. Force those above that set units to submit NTN numbers and then cross reference for confirmation of last tax filing.

Care to elaborate how this bill is for poor and not for middle/upper class?

 

[HammerHead081]

Can you explain how?
Non fillers middle class pay less tax than poor in Pakistan (per proportion of their income)
And not even 5% of adult above 18 file

Tu usa beth kei bakwas kar rha hai. Jo tax pay kar rhe hain ab unki kya ghalti? Yeh government jo existing tax base hai usi ko hi chodei ja rhi hai... bajae logo ko force karei kei woh tax dei. In bc nei budget kei andar even yeh bi dala tha Non-Filers can now purchase property, **** PTI seriously. People have less and less incentives now to become filers. There should be extremely harsh shit done on non filers for example they cant buy cars, cant go overseas, cant fuckin buy property but PTI government is actually favoring these non filers with their bullshit policies

 

[H!TchHiker]

Another amnesty for tax chor and black money makers..Non-filers are allowed to park there money in real state once again as the restrictions is being lifted...Sugar, oil and daily commodities are more expensive now..Unfortunately government has no choice so have to comply with IMF and put burden on poor people..Hope opposition does not react like PTI in previous era and let the people help government to raise more money..Being a filer is more problematic then being a non-filer..

 

[Jango]

Another amnesty for tax chor and black money makers..Non-filers are allowed to park there money in real state once again as the restrictions is being lifted...Sugar, oil and daily commodities are more expensive now..Unfortunately government has no choice so have to comply with IMF and put burden on poor people..Hope opposition does not react like PTI in previous era and let the people help government to raise more money..Being a filer is more problematic then being a non-filer..

You really have no clue what you are talking about right?

Best part of the budget is 11 slabs in income tax. Very revolutionary.

Meanwhile few idiots have started crying already.

https://twitter.com/x/status/1138440506562756608

Someone tell this guy this used to be the case since a long time, with the exception of the final few months of N-league government (which was to get votes).

We are back to the norm now.

 

[Beethoven]

Baqi sab chodo yaar meri salary is baar sirf 2600 rupay badhi hai

 

[H!TchHiker]

You really have no clue what you are talking about right?



Someone tell this guy this used to be the case since a long time, with the exception of the final few months of N-league government (which was to get votes).

We are back to the norm now.

Lets leave it..you mean non-filer can't purchase property more then 5 million or non-filers does not have black money..May be you are right when government itself saying that sugar prices will increase and taxation on oil has been increased but since you know what you are saying please elaborate and let us know..

 

[shah_123]

Tax on ghee, tax on sugar.----- any tax on waderas???