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3 graphs that make you smarter about Pakistan’s budget

Loans, GDP, Health v. Defence spending: talking points

SAMAA | - Posted: Jun 14, 2020 | Last Updated: 1 year ago
SAMAA |
Posted: Jun 14, 2020 | Last Updated: 1 year ago

GDP
Pakistan’s economy is trapped in a boom and bust cycle with no growth spurt lasting more than 5 years. Low exports fail to generate forex reserves needed to sustain high growth, fueled by imports and local consumption. The worse came in 2020 after GDP slipped into negative territory for the first time since 1952.

Loans

Pakistan’s mountain of debt: High expenses (repayment of previous loans and security costs) and low revenue (tax evasion and losses of government-owned companies) leave Pakistan with no money to spend on its people. Deficits are plugged through more borrowing.


Defence spending v. Health

Faced with a health emergency, the Government of Pakistan has to revisit its policy. In the last decade, Pakistan’s spending on defence was higher than the world’s average. But spending on health was a distant south of the international average.

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4 Comments

  1. Muhammad Haroon  June 21, 2020 9:15 pm/ Reply

    Dear Samaa !! It;’s not as simple as you are describing it. Please tell the people that who opted for foreign loans just to make non-productive projects like Lahore Metro, Lahore Orange Line, etc etc instead of productive projects like Dams, Factories etc Our 40% of budget is going for the repayment of “Previous Loans” which were mainly taken by the 2 previous Governments of Asif Zardari & Nawaz Sharif. Even if they were borrowing loans, where they were spending that borrowed money ?? .. On political posters ??? and as I said above on building up non-productive projects like Lahore Metro, Lahore Orange Line, etc etc… They could have done something good from that loan money (if they were taking loans) such as building schools, colleges and development projects like Dams (which produces much cheaper electricity as compared to thermal based IPPs), they could have build factories which does exports to increase our revenue as well as Foreign Reserves, they could have build a reasonable good network of schools and colleges at districts or tehsil level, they good have gone for the modernization of hospitals, etc etc. But they did nothing instead of damaging Pakistan and drowning it into the loans. Which favors no one but India only, who wants to see another break-up Pakistan amid collapse of Economy.

    REGARDS !!

    • ابوبکر بن علی بن معاویہ  May 30, 2021 3:57 pm/ Reply

      Try to see the data with the eyes of reality, my bro. I urge you to please see data once again and ask yourself if you are right !!!!
      If loans were to borrowed and spent useless projects then why there is a huge growth in the GDP?
      And if current government is v v v v intelligent in policies and having a good will also, why there is a havoc and collapse in the economy?
      Breaking Pakistan apart is only possible when you got 100B USD loans and no economic infrastructure. It will simply allow western powers to move a resolution in the UN and denuclearize you……
      Please think for pakistan not be a blind follower of someone.

  2. Ayaz  October 20, 2020 2:45 am/ Reply

    Thank you for posting this graphic. Most Pakistani’s vote based on speeches, our nation loves bombastic speeches. However, the electorate lacks education, information, and proper political values, having generally no knowledge of the data. These graphics make reality digestible and easier to understand. This is what investors look at, data.. and looking at the dismal performance of the current regime, who would invest here? So we should not be asking why Pakistan keeps getting poorer, we see how critically important electing the right leadership is.

  3. ابوبکر بن علی بن معاویہ  May 30, 2021 3:46 pm/ Reply

    It shows Nawaz government performed so well as compared to all others. Loans which had been borrowed were used in GDP growth. But i’m so much shocked, how a corrupt government performed most well than all other great people especially IK? Is there something else behind the scenes?

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