None
SL
No mini-budget
['News Desk']
Pakistan Observer
Tax-to-GDP ratio in Pakistan is one of the lowest in the world as for developed countries it is about 34% while the average for Asia-Pacific region was 19.6%.
There is a definite need to increase this ratio as it would ultimately lead to lessening of crippling dependence on foreign loans.
Some segments of the society are having lavish lifestyles but they are contributing either nothing or negligible to the national kitty.
The repeated failure of the government to make them pay their share is a mockery of the writ of the state and this failure leads to exploitation of the existing tax payers.
The country, therefore, can hardly afford any mini-budget and instead focus should be laid on enforcement and elimination of corruption.