September, 30, 2023
Government failures on IMF

Government failures on IMF

The government of Pakistan can take steps to prioritize expenditure and availability of additional funds for provincial elections, our issues are limited to economic stability

Blaming government failures on IMF deepens crisis of confidence: IMF representative Esther Perez’s statement, free flour scheme may pose threat to loan program, sources

ISLAMABAD (From Shehbaz Rana) The IMF has rejected the perception that the delay in the elections of two provinces was linked by the government of Pakistan to the conditions of the IMF loan program and clarified that the international organization is the internal politics of Pakistan. Nothing to do with The Government of Pakistan can set its spending priorities and take steps to make available additional funds to fulfill its constitutional obligations. These matters should not be linked to the loan granted by the International Organization under the Expansion Fund Facility. This has been said in a statement issued on Thursday by Esther Perez Ruiz, the representative of the IMF in Pakistan. For the second time in the last four days, the IMF has convinced Pakistan that the bailout package of 6.5 billion dollars given to Pakistan by the international organization should not be linked to supporting the politics of PDM. go This statement has come at a time when the Election Commission of Pakistan has postponed the provincial elections of Punjab and Khyber Pakhtunkhwa till October 18 on the basis of security and financial reasons. The statement added that the government of Pakistan shirking its international and internal responsibilities and blaming its failures on the IMF, deepening the crisis of confidence in both. The IMF has set its targets at the federal and provincial levels before the government of Pakistan, it is now the responsibility of the government to decide how it sets its priorities. It is the responsibility of the institutions of Pakistan to decide the constitutional issues of Pakistan or to determine the dates of the elections. It should be noted that just this week, the Economic Coordination Committee saved Pakistan from default by approving a supplementary grant of 27 billion rupees for the payment of diesel to Kuwait. Two days ago, the Planning Minister announced the launch of a 150 billion rupees program for the development of youth for political gain. On the other hand, the Election Commission has announced the postponement of the provincial elections and said that the Secretary Tree Finance has told it in a briefing that the government does not have money to conduct the elections. Due to the IMF program, the government is forced to stay within the limits set by the international organization in terms of fiscal discipline. Therefore, the government cannot arrange a lot of capital for the first two provinces and then for the general elections. The Election Commission has asked for 20 and a half billion rupees for the provincial elections of Punjab and Khyber Pakhtunkhwa. After that, the Election Commission will need another five billion rupees for the vacant 93 seats of the National Assembly. The government says it cannot arrange money to hold separate elections. Last month, the federal cabinet approved a revised budget estimate of Rs 11.2 trillion. On the other hand, Prime Minister Shehbaz Sharif has announced giving 73 billion rupees to distribute free food in two provinces of Punjab and Khyber Pakhtunkhwa where elections were being held this month. The expenses of these schemes started with the funds of the provincial governments are three times more than the expenses of the elections in these provinces.

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