Deteriorating exports resulting in budget deficit: PEW
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The Pakistan Economy Watch (PEW) on Friday said deteriorating external sector is resulting in budget deficit which will take toll on economy and the poor.
Government will have no option to cut developmental expenditures to finance deficit which will hut poor which is not acceptable, said Dr. Murtaza Mughal, President PEW.
In a statement issued here today he asked for a plan to boost exports as situation has been hurting every facet of economy and society.
He said that national resources are being diverted towards affluent while leaving poor high and dry while the economic situation is not as good as portrayed.
Dr. Murtaza Mughal said that sliding exports have started hurting basic facilities like health and education frustrating all except for those who can afford services offered by the private sector.
Frustrated masses are protesting for provision of facilities on reasonable rates while remaining in the system after which they can take to the streets, he warned.
