CONTRACTORS PTI say the economy is doing better now than ever before and to keep it strong, even though some have used data iffy. Many enjoy a constant high tax of Rs4.1 trillion. New rates mean less. Although inflation is 0.001 percent, it rises annually. It must have reached Rs4.1tr in 2019 and is close to Rs6tr now in the growth of 2013-18.
One also looks at the unparalleled boxes, cherry or bad choices, small and contradictory to the 2020 shortcomings. To confirm the concerns, I compare the end times of PTI, PML-N and PPP on 16 key factors based on their annual growth or distribution in GDP through Economic Survey research by State Bank.
GDP growth and inflation affect people. Despite the estimated GDP growth rate of 3.9pc, the annual average is 1.8pc vs 2.8pc for PPP and 4.7pc for PML-N. Our GDP consists of unsustainable jobs that provide fewer jobs than factories. Their share has risen under government to 61.4pc and industry has fallen by 1.2pc to 19.3pc (South and East Asia on average: 25pc and 35pc).
Saving a little money but spending it on a team / group also opens up. That means the revenue was 16pc of GL for PML-N, 15.4pc for PTI and 11pc for PPP (approx Saarc: 29pc). As a result, the paranoid allusions of the critics of this process were completely substantiated. Prices were higher under PPP (12pc inclusive) and significantly lower under PML-N (approximately 5pc).
The financial history of PTI is not as good as some say.
Foreign exchange deficits reduce GDP growth. PTI sees a recent decline in accounting (CAD) accounts. Its 2.07pc CAD GDP beats PML-N’s 2.8pc but roughly the same as PPP’s 2.16pc, which received a larger CAD 8.2pc GDP from 2007-08 (vs 6.1pc and PTI from 2017-18) due to overpayments measure under Musharraf.
The PTI cut CAD significantly through temporary blockade; PPP exports 4pc annually vs PTI’s 0.3pc and PML-N’s -0.02pc. Even external IT exports grew very fast under PPP. It was significantly larger than the PTI despite experiencing similar fall prices and high interest rates under the watchful eye of the IMF, high oil prices and terrorism and a major global crisis. The PTI states that the maximum amount of remittances sent. Its 13.3pc annual growth beats PML-N’s 7.4pc but not 16.7pc of PPP. What he means is that foreign exchange earnings are lower than PML-N’s and similar to those of PPPs. CPEC Investment fell by 40pc from its 2016-18 peak. It met external debt by 6.8pc annually vs 8pc and 3.5pc under PML-N and PPP and grew foreign shares faster than the other two.
In economic terms, its tax-to-GDP ratio beats PPP but is 2pc compared to PML-N’s despite such growth in GDP due to overcrowding. Which means the reduction in funding by the end of 2020-21 could exceed 7.5pc vs 5.5pc for PML-N and 7pc for PPP. Prevented by the IMF from growing through CADs as the PML-N did in 2018, it has grown steadily due to a sharp economic downturn such as the PPP. The increase in PTI fees and the decrease in CAD funding are particularly significant, as are its tax rates (67.5pc vs 66pc for PML-N and 65pc for PPP). It grew mortgages faster than PML-N but slower than PPP.
Of those 16 measures, the PTI performed very well in the storage areas. But it does show a better economic outlook than, say, exports. PML-N performed well on nine levels (GDP, income, inflation, FDI, taxation, inflation, development rate, local debt and two twins) but PTI reimbursed its profits by doing more than just four (CAD, exports, financing). exports and external loans). Faced with more complex and `same page ” issues than PTI, PPP performed better in six areas (corporate sector, CAD, exports, exports, foreign loans and direct taxes).
Recent PTI additions in particular contradict its most serious side effects, e.g., PTI beats PTI only. Wealth is not better than in the past or in the short term growth. It has been using less money to make it less and less: deindustrialization; low income; high utilization, rising prices and indirect taxes; near sales, FDI and real pay; and extreme poverty and unemployment.
The economic downturn is not only more severe than CAD. As a result, economic stimulation contributes to the economic downturn. But we are seeing a shift. That is why inflation reduces its cost. We have valuable assets and incredible debts, and we need to use them wisely. But the sharp decline in the economy led to much lower growth than the PPPs.
Faced with the controversy, fans are criticizing the negative effects on PML-N and Covid-19. 2pc growth in 2018-19 reflects what PML-N did while PTI was supposed to reduce the rupee from 123 to 155. This growth slowed down and economic growth. However, the decisions of its parties, the lack of information, the delayed IMF agreement, CPEC drift, and so on also hurt. We had a -0.5pc growth in 2019-20 but the rupee only went from 155 to 165, and at that time more from PTI did than PML-N. Covid-19 hit last year. But even in 2019-20, the first increase in GDP based on July-March data is only one week at -0.4pc. As a result the PTI government contributed significantly to our first growth since 1952.
The author is a political politician.
Published in Dawn, June 15, 2021