Rejects criticism, strongly advocates privatisation of state-owned enterprises
Promises to cut government expenditures through measures like abolishing unnecessary ministries and departments at federal levelTOBA TEK SINGH – Finance Minister Muhammad Aurangzeb on Tuesday said the federal ministries covering the subjects devolved to provinces after the 18th Amendment should immediately be abolished so that the unnecessary government expenditures could be curbed.
He said billions of rupees spent to cover the losses and sustain the SOEs could have been used to provide relief to the people, adding that the entire country was carrying their burden which must be disposed of. Aurangzeb presented his arguments after admitting that those demanding the government expenditures were right and said the government plans about privatisation was part of the overall restructuring.
Privatisation 18Th Amendment Tax Net Tax-To-GDP Ratio IMF IMF Programme Bretton Woods Institutions
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