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Runaway budget deficits

The last three years witnessed a steady decline in the consolidated budget deficit during the tenure of the IMF program. The deficit was 6.4% of the GDP in 2012-13, excluding…

Pakistan’s intractable budget deficit?

Pakistan’s unsustainable budget deficits can be sourced to the never to be satisfied thirst of all administrations, past and present - civilian, military, hybrid, caretaker - to borrow to fund…

Budgetary outcome in first quarter

The information on fiscal operations in the first quarter of 2023-24 by the Federal and the four Provincial governments has been released recently by the Federal Ministry of Finance. The…

Path to prosperity: budget priorities

The recently announced budget for the fiscal year 2023-2024 in Pakistan has sparked discussions among experts and stakeholders. The MacroPolicy Lab at PIDE organized a Twitter space discussion to analyze…

Budget 2023-24

The provisional data issued by the National Accounts Committee portray a bleak picture of the economy where real GDP has registered a sluggish rate of 0.29% in the current fiscal…

Budget 2023-24: an astonishing read

Pakistan is currently facing the most challenging conditions in history, with a severe economic crisis compounded by political uncertainty. The economy is facing stagflation as it is expected to shrink…

What’s in Budget 2023-24?

The editorial published in this paper yesterday (‘Budget 2023-24: nobody’s budget’, June 9) correctly pointed out that the finance minister’s attempt to please everyone while preparing the federal budget for…

Budget strategy for FY2023-24

The budget for 2023-24 will be presented by the federal government in the Parliament in the next few days. There has been a lot of speculation about the budget strategy…

Budget FY24: a wakeup call

The economic challenges Pakistan faces are both acute and deep as we prepare the budget for fiscal year (FY) 24. The economy faces stagflation with increasing price pressures and stagnating…

Burgeoning budget deficit

The information on fiscal operations in 2021-22 has just been released by the Ministry of Finance. These figures are based on information from the AGPR (Accountant General of Pakistan Revenue),…