hydrabadi_arab
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Just read this piece thanks to Riaz Haq retweet. This Indian guy have wrote half dozen books but didn't even bother to research on Pakistan debt trap.
bharatkarnad.com
"To add to Imran’s troubles, his regime’s main prop — the Pakistan army, accustomed to living comfortably off some 16% of the budget, is uneasy. With some 70% of the budget sequestered for debt repayment, 16% of the remaining 30% in absolute terms leaves the Pakistan government next to nothing to spend on health and social welfare, after other government expenditures — in the main, the salary bill of government employees and the public sector industry, is met."
Things are bad but not that bad,
Debt servicing is 37% of total federal revenues, bad but not 70% bad or Sri Lanka like bad. I get it he is trying to paint bad picture of Pakistan economy to woo extremist Indian regime to change behaviour. Also claiming India GDP is 13 times larger when its more like 8 times. In coming years servicing debt is only going to decrease. Unless Nawaz Sharif again comes back and start ridiculous expensive projects by taking loans.
Xijinpingistan is why India should co-opt Pakistan
[Imran Khan with Prime Minister Modi, 2016] It is my perennial lament. I pen it again, with sorrow, on the country’s 73rd Republic Day. (Yea, I watched the parade — but what’s wit…
bharatkarnad.com
"To add to Imran’s troubles, his regime’s main prop — the Pakistan army, accustomed to living comfortably off some 16% of the budget, is uneasy. With some 70% of the budget sequestered for debt repayment, 16% of the remaining 30% in absolute terms leaves the Pakistan government next to nothing to spend on health and social welfare, after other government expenditures — in the main, the salary bill of government employees and the public sector industry, is met."
Things are bad but not that bad,
Debt servicing is 37% of total federal revenues, bad but not 70% bad or Sri Lanka like bad. I get it he is trying to paint bad picture of Pakistan economy to woo extremist Indian regime to change behaviour. Also claiming India GDP is 13 times larger when its more like 8 times. In coming years servicing debt is only going to decrease. Unless Nawaz Sharif again comes back and start ridiculous expensive projects by taking loans.
