Rs190807.47cr. Interest

Rs190807.47cr. Interest

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It is very disturbing to note that Union Budget 2008 provides its highest spending towards payment of interest – Rs190807.47crores, approximately Rs1900 per head. It is much more than what we spend on our Defence, Education, Health Care etc. Whereas the Creator and Sustainer of all, in His last testament forbidden usury to safeguard human society. How can a Finance Ministry or Government uplift or safeguard its people by paying such huge portion of resources for interest?

Yaseen Baig
Via E-mail