Thursday, 10 March 2011

CM converted Punjab budget into deficit: Kaira

10 March 2011
Pakistan People’s Party leader and former Punjab finance minister Tanvir Ashraf Kaira on Thursday said that Chief Minister Mian Shabaz Sharif has converted budget of the province into deficit of Rs 88 billion.
Addressing a press conference at Lahore Press Club, he said that provincial government had Rs 7.2 billion as cash balance in February 2008 but it transformed it into Rs 42 billion deficit in June 2009 due to the misuse of the funds by the Punjab CM.
He said that programmes like Sasti Roti Scheme, Food Support Program and Sasta Aata Program were the reasons of the deficit in which the PML-N workers were favoured.
He said the deficit of the Punjab government was Rs 88 billion even after the federal government converted the over draft of Rs 51 billion into loan for the province.

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