Bilawal Bhutto Zardari began by stressing the significance of the annual budget discussion in alleviating Pakistan’s economic difficulties, particularly inflation, unemployment, and poverty. He underscored the importance of a bipartisan ‘Charter of Economy’ to foster long-term economic stability, emphasizing that such an initiative must be consensus-driven and not dictated by unilateral decisions.
Regarding the budget process, Bilawal expressed disappointment over the lack of consultation with the PPP, despite prior agreements. He suggested that involving both allies and opposition parties in budget formulation could yield better outcomes, politically and economically.
Economic hardships faced by Pakistani citizens were a central concern in his address. Bilawal highlighted staggering price increases in essential commodities over the past five years, illustrating the severe impact of inflation on ordinary families. He commended the slight dip in inflation but urged sustained policies to address its root causes.
The Benazir Income Support Programme (BISP) was acknowledged for its role in poverty alleviation, with Bilawal advocating for its constitutional protection to safeguard against political interference. He criticized the budget’s emphasis on indirect taxes, advocating instead for progressive taxation targeting wealthier individuals and corporations.
Bilawal also discussed agricultural reforms, advocating for increased support to farmers similar to neighboring countries, which could enhance food security and boost exports. He emphasized climate change as a critical issue for Pakistan, advocating for proactive measures in budget allocations to mitigate its impact.
On energy policy, Bilawal supported the shift towards renewable energy sources and criticized lobbying efforts that hinder such transitions. He proposed incentivizing solar energy adoption among both affluent and impoverished communities to address energy crises effectively.
In conclusion, Bilawal called for greater political input in budget decisions, asserting that policies affecting vulnerable populations should be driven by elected representatives rather than bureaucratic recommendations. He urged for the reversal of decisions like taxing health devices and emphasized the need for inclusive, consultative governance to foster national progress.
Overall, Bilawal Bhutto Zardari’s address underscored his party’s commitment to addressing Pakistan’s economic challenges through collaboration, progressive policies, and advocacy for social welfare initiatives.
