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IMF’s projections for 2019-20

The first review report prepared by the IMF staff became available in late-December 2019. This followed the successful completion by Pakistan of this review. All the performance criteria were met.…

Lower budget deficit in 2019-20

The information on fiscal operations in 2019-20 by the federal and provincial governments was released a few days ago. The very pleasant surprise is that the consolidated fiscal deficit has…

Budget 2019-20 & tax reforms

Budget 2019-20, expected to be announced in the last week of this month, will be very important for the coalition government of Pakistan Tahreek-i-Insaf (PTI). It will determine the direction…

Budgetary outcome in 2019-20

The Mid-term Budget Review of 2019-20 was presented recently to the National Assembly. The outcome in the first six months reveals success in limiting the primary deficit and achieving the…

The timing of the budget fiscal year 2019

The Abbasi administration has wholeheartedly endorsed Ishaq Dar's oft-announced decision to formulate and present the budget for fiscal year 2018-19 even though the party's tenure ends on 1 June 2018…

Budget Fiscal Year 2019: Where to go?

The main fault-line of budget 2018-19 is its failure to provide a roadmap for self-reliance - collecting taxes as per real tax potential and achieving growth rate of over 7%…

Mid-year budget review – 2019-20

The Federal Ministry of Finance has formulated the mid-year budget review 2019-20. Subject to its review by the Federal Cabinet and the National Assembly the report would be rolled out…

2019: Review of PTI govt’s fiscal measures — I

An unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood…

2019-20 fiscal targets in IMF programme

The year, 2018-19, has come to a close with a very different outcome than was originally anticipated. The budget for the year was presented initially in May 2018 by the…