Govt expenses - Are the costs too high? | Junaid Iqbal | Ep 5
Вставка
- Опубліковано 1 сер 2024
- Pakistan's government spends taxpayer money on salaries, perks and pensions for the benefit of federal employees. But is this system bloated and inefficient? Are government expenses out of control?
This is the fifth episode in a new series of videos I will be hosting, to try and understand Pakistan’s economic situation and how we got here. Join me as we take a deep dive into Pakistan’s development challenges, and its economic potential. In this episode we will analyze Pakistan’s federal employees' skill set, contributions, and costs; and we will also look at potential solutions to reduce government expenses.
#pakistan #pakistanbudget #pakistanrupee #imfpakistan #junaidiqbal #loans #debt #pakistanieconomy #worldbank #rupee #pakistanrupee #taxes #taxreform #budget2024
Time Stamps
00:00 - 00:25 Introduction
00:25 - 01:56 Size of government
01:56 - 02:40 Breakup of government employees
02:40 - 04:32 Skill set of government employees
04:32 - 05:23 Job security
05:23 - 05:59 Government responsibilities
05:59 - 06:25 Pensions
06:25 - 06:57 Defined benefit
06:57 - 07:34 Defined contribution
07:34 - 08:22 Federal pensions
08:22 - 08:49 KP pensions
08:49 - 10:10 Inefficient spending
10:10 - 10:29 One last question
This video is based on publicly available macroeconomic data on Pakistan. If you are interested in further reading, please see the following sources:
pparc.establishment.gov.pk/Si...
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This video is based on publicly available macroeconomic data on Pakistan. If you are interested in further reading, please see the following sources:
pparc.establishment.gov.pk/SiteImage/Publication/attached21-22.pdf
The assertion that the content of this report comprises publicly available data, yet condensing it into a 10-minute and 28-second video is astonishing. Simplifying economic concepts may seem simple, but effectively communicating intricate ideas to the general public necessitates extensive expertise, knowledge, and education accumulated over decades. Likewise, comparing the economies of diverse developed nations with those of purportedly developing Asian countries requires thorough research, time, and effort to compile and analyze the essential information for clarity.
:)
This channel has proven really helpful in understanding basic, day-to-day concepts that we normally hear but do not quite understand. Kudos to the entire team for bringing innovative analysis to the public domain!
Great work
You are continuously pushing the boundaries of greatness, Junaid. Very impressive. Again.
Pakistani government is the biggest Income Support Program in itself.
just found your channel today. Really amazing insights.
amazing content, keep it up sir
yeh channel har Pakistani ko subscribe karna chaiye, simple or easy way mai sab samaj ajata hai
Awesome video.
Amazing contentsl!
Good Content, Promoting financial literacy should be the goal, instead of materialistic things!
Good work Junaid bhai
Video topic recommendation:
1. Economic impact of establishment's interference in democracy
2. Economic impact of current Political psychic (short-term focus only)
3. Economic impact of brain drain by industries
Thank you for the suggestion. While very interesting, these would be subjective topics. We are focusing on building a culture where one should say what can be backed by verified facts.
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Sir please make a detailed video about energy sector, or you can bring in a guest and do a podcast with him. My recommendation about guest: Ahdmd Jamal Pirzada Sb
Working on it
Great content. Can we hear more about military funds?
AND you really need to work on what background music you put in there.
thank you for your videos, you're doing a great job!
Just a constructive criticism, please change the background music
Great video
Very good content and your delivery is also very good.
Can you please lower down the volume of background music?
Very informative!!! Thuri defence pe bhi bat krn
1)why can not govt just use technology to build system to automate the basic jobs and decrease the labour force/empolyees ??
It absolutely can :)
Any stats/details of how much kp government has saved from change in pension policy as you mentioned?
I guess pension k liye kuch rules hone chaiye Jese property agar kisi k pas itni property h k vo bagair pension l survive kar sakta h toh usko pension na di jaye.. only needy should get this benefit..
Brilliant Content as always.
Please remove the music next time. It's very distracting!
Thanks for the feedback. We are working on it
Sir fine explaination, but background sound thora focus hata rha he at 1.5x
Thanks for the feedback. We will try to improve it.
Please talk about the sectoral contribution in taxes. The share of retailers, exporters, salaries persons, real estate sector in direct taxes. Moreover, why have provinces failed to collect taxes from sevice and agricultural sector ?
Hello Osama, you may find our video on Taxation in Pakistan interesting: ua-cam.com/video/lHOYTOVIkic/v-deo.htmlsi=CXu0UhI8VmSdvUKX Let us know what you think.
@TBT podcast help me in find you sir
ٹیون میوزک کی ضرورت نہیں بات سمجھنے میں مشکل ہورہی ہے
For Defined Contribution, where does the government invest? Is it denominated in PKR?
It could invest with State Life or NIT. could also include private sector funds like UBL Funds, Meezan Asset Management, etc. The Gov should contribute and not worry about managing. This is how its done in developed markets.
Nahin bhai hamain halal rozi milty hai
I dont agree with Privatisation Episode. The govt should make these SOEs to be efficient. Why these instiutions becomes efficient after privatisation? Why not before?? It means that Education should also be privatised
Jaani zara military ki pension per Baat kero!
Colonial Babus leaching out the natives since 18 century