cover image: Federal Budget 2021-2022: Growth and/or Austerity

20.500.12592/r89c23

Federal Budget 2021-2022: Growth and/or Austerity

26 May 2021

· The expenditure on the federal and provincial PSDP is expected to be almost the same as in the previous years. [...] Pasha mentioned the nine-month fiscal operation position of the country (July-March FY 2021): · The budget deficit has decreased to 3.6 % of the GDP as compared to 3.8% in the last year. [...] Pasha was not agreed to the tax proposal in the MTBSP and in the staff report of the IMF for withdrawing most of the exemptions in the sales tax. [...] · The larger the gap between the revenue and expenditure, the more we borrow which causes the rapid accumulation of debt. [...] The standard recipe in every country they go is to cut the government expenditure, to cut the losses of the public sector organizations and bring stability in the exchange rate by using the market forces.

Authors

PIDE

Pages
11
Published in
Pakistan