Budget to Prevent Pakistan Escaping the IMF Debt Trap Bunya
In a long-winded budget speech of 3 June 2014, Pakistan's Finance Minister did not deviate by even one word from the agreement with the IMF on 10 May 2014. In future rather than boring the people with unwarranted self-praise, the regime should simply photocopy the agreement and distribute it. The regime's 2014-15 budget ensures that Pakistan never escapes the usury based colonialist debt trap, preventing Pakistan ever standing on its own feet, let alone rising to its full immense potential. The IMF approved budget further eases the privatization of immensely valuable national assets by which Pakistan could fund its own needs without needing loans, drowns Pakistan in interest-based debt so that future generations face worse than we face now and strangles the life out of the local economy by ever-increasing taxes. Indeed, patting itself on the back for such a crippling budget is the regime rubbing salt in the deep wounds of the people.