INDICATORS

Freedom of speech and opinionBudget Deficit Budget Surplus

INDICATORS

• Indicates society or its organization.

Social

Indicator

• Indicates economics or the economy.

Economic

Indicator

Social indicator Economic indicator

Indicates society and its organization.

Freedom of speech

and opinion

Indicates economics or

economy.

Budget Deficit

Budget surplus

• The power/right to act, speak or think freely.Freedom

• Social and moral address to others.Speech

• Personal experience/feelings.Opinion

IMPORTANCE AND NEEDS

Free speech allows the

truth to surface and

prevail.

A free society is more

dynamic than a closed one, making it a

breading ground for new ideas.

Free speech is itself a

social good because

those who are free are more fully

developed as human beings.

Unhindered speech is a safeguard

against abuse of power.

Freedom Of

speech/

opinion

feelings

ideasJudge

by others

Personality

groom

Summary

Every person

wants to speak freely.

Using unchecked free speeches without senses

may lead to rebellion like

wars/battles and social hate among

people.

Some people want to deny others their right to speak freely if they disagree with their views• Ex. Religion, War,

Politics

Budget

An estimate of income and expenditure for a set period of time.

Budget Deficit• An excess of

expenditures/liabilities over income/assets in a given period.

Budget Surplus• An excess of income/assets

over expenditures/liabilities in a given period.

BUDGET DEFICT:

• It is most commonly used to refer to government spending rather than business/individual spending.

• Budget deficit as a percentage of GDP may increase in times of economic prosperity as increased tax revenue, lower unemployment and economic growth reduce the need for government programs such as unemployment insurance.

NEEDS IN PAKISTAN

• Budget deficit is a main challenge in Pakistan’s economic situation.

• Country can counter budget deficit by promoting economic growth, reducing government spending and increasing taxes.

• By reducing ONEROUS REGULATION and simplifying TAX REGIMES, Pakistan can improve business confidence.

• Economic situation would become progressively worse without resource generation if tax base is not expanded in the coming budget.

• SAKIB SHERANI said in ISLAMABAD’s fourth budget 2011-12 that;

The EXPANDING TAX BASE is essential for reducing the budget deficit and meeting the country expenses.

ADVANTAGES:• Increase economic growth • Leads to employment of labor force• Stimulate jobs, increase businesses• Raise Nation’s economy

DISADVANTAGES:• No savings• Problematic during emergencies (there will be no stash to rely)• Leads to excessive borrowing from other nations

BUDGET SURPLUS:

• It is most commonly used to refer to the financial situations of government; individual speak of SAVING rather than a budget deficit.

• A surplus is considered a sign that government is being run efficiently.

• A city government that had a surplus might use the money to make improvements.

ADVANTAGES:• Leads to saving• No borrowing• Strong fiscal discipline• Increase Investment opportunities

DISADVANTAGES:• Leads to more tax than needs• Reduce economic growth (as more taxes)• Reduce Nation’s economy