Federal Budget 2023-24: An Unsustainable Fiscal Path - Policy Brief - STATE OF THE ECONOMY

Consequently, growth in the manufacturing sector is also attributed to effective implementation of the policy measures the flood, as the agricultural sector has backward and introduced in the budget will depend on the ownership forward linkages with other commodity sectors. [...] This policy brief presents an official perspective suggests that the decline in the overview of the current state of Pakistan’s economy and textile sector growth is due to losses in cotton analyzes the fiscal policy in light of the Economic Survey production. [...] During the last fiscal year, the Another contributing factor to the lacklustre economy experienced a meager GDP growth rate of performance of the industrial sector is the government's 0.26% and an unprecedented, all-time high inflation rate initiatives to reduce imports to improve the current of 36%. [...] In the first nine months of the current fiscal year, the growth in In addition to the rise in food and energy prices and the private sector credit was only 3.3%, whereas it stood at depreciation of the Pakistani rupee, some other factors 15.7% during the same period in the previous fiscal year. [...] To illustrate Expectations were in place for the federal government to the point in the context of Pakistan, the growth in GDP implement strict measures to curb the upward and poverty incidence are also plotted.