Miftah Ismail began his address by stating that the previous administration had left the country’s economy in shambles and harmed investor confidence by often changing finance ministers and financial policies.
The finance minister believes that the ruling coalition government gained control of the country despite “the fact that it will have to take painful decisions to save the economy,” which could affect their respective parties’ popularity, but they chose to put the country’s interests ahead of party interests.
He claimed that the budget is geared at providing greater relief to the working class and the poor, as opposed to the wealthy, because the working class prefers to buy local products over foreign ones, boosting the economy.
He slammed Prime Minister Imran Khan, claiming that he never cared about the poor, claiming that “keeping an eye on potato and tomato prices is not a PM’s duty.”
Budget 2022-23, according to Miftah Ismail, will focus on providing facilities to farmers growing crops that produce cooking oil, such as corn and sunflower, so that the country does not need to import palm oil, which is at an all-time high in the worldwide market.