All posts tagged: budget

Budgets Reading: Annual Governmental Punishment on the Ordinary Citizens

On Thursday, 10th June 2021, the Cabinet Secretary for Treasury Ukur Yatani tabled the Ksh.3.632 Trillion spending plan for FY2021/2022. The Budget seen has the largest in Kenya’s history with a deficit of about Ksh 1.2 Trillion. The Ksh 1.97 Trillion of the budget will be collected through taxation while Ksh.1.63 coming from Loans and […]

The People of Bangladesh Neither Reacted to the Capitalist Budget, and Nor Do They Expect Anything from the Capitalist Rulers

Bangladesh’s Finance Minister AHM Mustafa Kamal on 3 June 2021 has announced BDT 603,681 crore annual budget for the fiscal year 2021-22. With the rosy title ‘Bangladesh Towards a Resilient Future Protecting Lives and Livelihoods’, this is in fact the biggest ever ‘pro-capitalist budget’ that Hasina government has laid down with corporate tax cuts, reduced […]

Dr Reza Baqir and Dr Abdul Hafeez Shaikh Pakistan’s Economic Hit Men

The CVs of Pakistan’s Governor of State Bank of Pakistan and Finance Minister speak volumes about their Western credentials. Both have degrees from supposedly prestigious institutions, and have worked in many developed countries. And yet, beyond their research publications, one has the right to ask exactly which developing countries have they transformed into developed countries? […]