How will the budget impact

CSE_KING · 1 How will the budget impact Thu Aug 16, 2012 11:11 am

CSE_KING

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I hope the market will move up with pre-budget.

stockmania · 2 Re: How will the budget impact Thu Aug 16, 2012 11:34 am

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Vehicle tax will be reduced jocolor

Slstock · 3 Re: How will the budget impact Thu Aug 16, 2012 11:35 am

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stockmania wrote:Vehicle tax will be reduced

Hmm, might be bit too early. But there is a possibility certain classes of vehicle's tax to get adjusted.

worthiness · 4 Re: How will the budget impact Thu Aug 16, 2012 11:46 am

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Government may reconsider to drop taxes on vehicles below 1000cc & motor bicycles as a concession for the majority of population.
Perhaps taxes levied on spare parts may go up just to refill lost % from state coffers. Please note this is only my personal thought.

CSE_KING · 5 Re: How will the budget impact Thu Aug 16, 2012 12:04 pm

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I hope the vehicle prices will come down for me to buy a suv Smile

Slstock · 6 Re: How will the budget impact Thu Aug 16, 2012 12:11 pm

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CSE_KING wrote:I hope the vehicle prices will come down for me to buy a suv

Hmm, SUV class, I would not place my bets to reduce taxes this early.

aj · 7 Re: How will the budget impact Thu Aug 16, 2012 12:12 pm

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Taxes went up again because of imports going through the roof crazy like the stock market in 2009. So how would you balance that then?

sureshot · 8 Re: How will the budget impact Thu Aug 16, 2012 1:17 pm

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01. exporters will get a benefit ..........

CSE_KING · 9 Budget in extremes Thu Aug 16, 2012 1:20 pm

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The problem is the budget is always on either extremes.

CSE_KING · 10 how will the budget impact Thu Aug 16, 2012 1:47 pm

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I feel sad that the whole market turnd around since last budget.

Hanoifortune · 11 Re: How will the budget impact Thu Aug 16, 2012 1:50 pm

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may impose captal gain tax on certain million of share trading

ddindika · 12 Re: How will the budget impact Thu Aug 16, 2012 1:51 pm

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With 2012 budget targets already gone awry, Treasury officials have begun the preparatory work for the November 2013 budget giving priority to cutting the budget deficit to 5.8 percent of Gross Domestic Product (GDP) from 6.2 percent projected for 2012, Finance Ministry sources said.
The Treasury has called and received revenue estimates for 2013 from all accounting officers and officials and will evaluate these estimates commencing next week. Projected revenue for 2013 is Rs.1, 352 billion while the expenditure would be Rs 1, 765.86 billion, the sources said.
Treasury officials are struggling to bring down the budget deficit because expenditure for the first three months has soared and on these trends, the deficit could shoot to 11.2 per cent of GDP in 2013; thus bringing it down to a single digit is a huge challenge, they said.
The planned budget deficit for this year is Rs. 468 billion, which in terms of the GDP is Rs. 6.2 %. However, in the first quarter of this year, the budget deficit shot up by 2.8 %.
The revenue shortfall has increased by 24.2 % or Rs. 334.8 billion while the revenue from tax earnings had increased by only 10.3 % or Rs. 203 billion. Debt is to be reduced to 70 per cent from the current 75 per cent of GDP. Pre-budget meetings with officials will begin in September, they said. The public, professionals, academia, artists and the media will also be invited to submit their proposals and suggestions before September 30 and also indicate any failures in projects and ways of correcting these, aimed at ensuring the 2013 budget will facilitate speedy development in the country.
The President has begun the consultative process and the Finance Ministry would work on these lines during July.

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