Will PPP vote in favor of budget 2024? - Saleem Mandviwalla Told Inside Story

3 months ago

#sawalyehai #budget2024 #saleemmandviwala #pmshehbazsharif

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Transcript

00:00The first question at this time is that the mutual issues of the unions regarding the budget were uncertain.

00:09Were they cleared or not?

00:11Because there is no clarity about the difference of opinion on the budget of People's Party and PMLN.

00:18It's been three days and meetings are going on.

00:23I see that in any political process, in coalition government, these things happen.

00:31It's not that unusual.

00:35When I remember our government, we had disagreements with PMLN.

00:41When it was their government, you know, so on.

00:44This is not something unusual.

00:47I think that things have been resolved to a large extent.

00:52And God willing, it will be resolved in a day or two.

00:55But Manwar sahib, there is no list of demands, no list of demands.

01:01There is no list of demands.

01:03There is no list of demands.

01:06There is no list of demands.

01:10On which aspects of the budget did the Pakistan People's Party actually disagree with?

01:17Look, there are some issues related to the budget in some areas.

01:22Not in every area of the budget.

01:24Some were that there are salary people who are imposing taxes on milk.

01:31Which you are taking such steps that the public will further be taxed.

01:38And indirect tax will increase more in Pakistan.

01:42The argument is that we are going to end the exemptions.

01:46The culture of exemptions in Pakistan is because the system of subsidy doesn't work in Pakistan.

01:54In developed countries, it happens that they collect taxes and then give subsidies to that sector.

02:01This system did not work for us over a period of years.

02:05So what did we do?

02:07We adopted the culture of giving direct subsidies.

02:10And it is now a direct exemption on 750 odd things.

02:19And it has reached some 1.3 trillion.

02:23So I think we need to change this.

02:26And we need to collect taxes and then give subsidies.

02:31So there were some concerns on that.

02:34There were some sectors in which we wanted that taxes should not be imposed.

02:39Because the government is not geared up to give subsidy in that area.

02:44Let's go one by one.

02:46First of all, you talked about the salaried class.

02:49The People's Party of Pakistan was also concerned about the salaried class.

02:52That they were burdened with another 75 billion.

02:55Despite the fact that the salaried class has taxed more than 300 billion.

02:59This is more than the exporters.

03:00This is more than the retailers yearly.

03:03But has there been any breakthrough on this?

03:06Will the burden on the salaried class be reduced?

03:10Because apart from the People's Party, the PMLN was also raising questions on this.

03:15We have suggested that the people on the lower pay scale.

03:20You have increased the tax by 100%.

03:24Instead of that, you increase it less.

03:27The people in the higher pay grade.

03:30You shift the burden on them.

03:33Instead of shifting it to such people.

03:36Because of inflation, their value was, let's say, 100,000.

03:42Now it is 60,000.

03:44What will you get by further taxing them?

03:47The government has received it well.

03:50The finance minister has assured me that we will review it.

03:54And we will tax the people who can afford to pay more tax.

03:58Right.

03:59On the other hand, you have talked about subsidies.

04:02Unfortunately, our subsidies, as you have rightly pointed out, have not worked.

04:08Our direct subsidies have not worked.

04:11We subsidized exporters.

04:13There was no increase in our exports.

04:16We did not increase the tax net in many sectors.

04:22We did not benefit from that either.

04:24There is no policy shift in this budget, Mr. Mandwala.

04:28Instead of a policy shift, we will keep giving knee-jerk reactions in our budget.

04:32Then how can we expect that Pakistan's economic situation will change?

04:37First, there is a policy shift that you are terminating the exemptions.

04:41Now we have to see whether we can subsidize those sectors by terminating the exemptions.

04:48Or will we be able to do it next year?

04:50If we cannot do it, then this means that this measure has failed.

04:55Secondly, I have told you why we have gone in this direction.

05:02And we have tried this before, that we take tax and then give subsidies.

05:08Now we are going to try this again.

05:11But look, for this you need a mechanism.

05:14You need a proper operating body that will do this work.

05:20Because most of our organizations, which are federal organizations,

05:25they are more or less dysfunctional.

05:28So as long as you don't set them up properly,

05:33don't provide them with proper resources,

05:36don't build proper capacity,

05:39then whatever measures you take, they will fail.

05:43Because these people have no capacity,

05:46neither can these people do this work, nor do they have an understanding of it.

05:51So I think this is the bigger challenge to the government.

05:55And this has been a challenge for successive governments.

05:57It has not only been a challenge for this government.

05:59Successive governments have failed to adopt this system.

06:04Okay, Mr. Manwal, there is a blame on you,

06:07there is a blame on the People's Party,

06:09that sweet, sweet, bitter, bitter, bitter,

06:11when it is the turn of accountability,

06:13because of being a part of the government,

06:15then you guys are on the side,

06:16that we are not a part of the government,

06:18we are not a part of the cabinet,

06:19we are not a part of the government,

06:20we are just giving a push to run the government.

06:23But when it is time to take credit,

06:27then the Pakistan People's Party comes forward.

06:29PMLN is complaining that if you are a part of the government,

06:33and you are taking perks and privileges in the government,

06:35that is, you have those positions,

06:38which are ceremonial, but important,

06:42constitutional positions,

06:43then take responsibility too.

06:45Look, we are taking responsibility to the extent,

06:51to the extent that responsibility is taken in the parliament.

06:54When you are not a part of the cabinet,

06:57then how can you take responsibility for the administrative decisions?

07:02As far as the parliament is concerned,

07:05as far as supporting the government in the parliament is concerned,

07:09we are their allies, we will support them.

07:11But to say that you support the actions of the government,

07:16they are not asking us to take those actions,

07:18they are not asking us to take those decisions,

07:21so when they are not asking you to take them,

07:24then why do anybody expect us to support those decisions?

07:29We will support the good decisions,

07:31we will criticize the wrong decisions.

07:34But Mr. Hanif Abbasi has to say that

07:36basically the budget was made with the advice of the People's Party,

07:41they were not kept in a blind spot by the People's Party,

07:44is that true?

07:45I think Mr. Hanif Abbasi does not know that the budget was not made by asking us,

07:51nor have we been given a briefing on the budget,

07:54but he did not ask us anything,

07:56that which project is to be put in the PSDP,

07:59who has to be taxed, who has to do what,

08:02he did not ask us anything, this is wrong,

08:05I think he is misinformed,

08:07so he thinks that we were asked,

08:10it is not like that, but we were given a briefing.

08:13Right.

08:14A very interesting suggestion has come from Mr. Mustafa Kamal,

08:16he says, and I quote,

08:18that Mr. Nawaz Sharif should give the palace of Raiwind,

08:22Bani PTI, Bani Gala, Asif Zardari should give the Bilawal House to Pakistan,

08:27all the generals and politicians together,

08:29first of all collect 1000 billion rupees,

08:32and after showing this,

08:35go out of Aiwan and talk to the people.

08:38Is this a possibility, Mr. Mahindwala?

08:40Look, this is Mr. Mustafa Kamal's suggestion,

Will PPP vote in favor of budget 2024? - Saleem Mandviwalla Told Inside Story

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