Socio-economic implications of budget

Budget preparation and presentation have recently become more of a ceremonial exercise, primarily aimed at reassuring lenders about fulfilled promises or demonstrating the intent to secure the next round of funding. Once the dust settles on the post-budget debate, the average citizen is left to wonder just how deeply the knife has cut this time. Meanwhile, as the finance minister wrapped up the budget debate, an unusual scene unfolded at the Karachi Press Club. Members of the so-called “Salaried Class Alliance” held a press conference, airing their grievances. Although the Q-block, as usual, turned a deaf ear to their demands, this unprecedented event could very well be the first drop of rain before an impending storm.