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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…

How to make a budget transparent

Karachi is a happening place, and on my recent visit there, I had the opportunity to attend two events that may be of interest to my readers. Ishaque Soomro, a…

Budget: Will money come as budgeted?

The key question from an economic perspective is not whether the budget 2023-24 is pro-poor, pro-business, pro-growth, or even an election year budget but whether it has the key ingredients…

Residual thoughts on FY24 budget

The budget 2023-24 envisages 23.7 billion dollars of external borrowing – an amount premised on a rupee dollar parity averaging 290 rupees to the dollar – a condition that would…

The budget 2023-24

The government’s negotiators are citing the pending International Monetary Fund (IMF) ninth review as well as the need to table the budget for 2023-24 and get its approval from parliament…

The FY23 budget and Fund approval

Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed documents (with respect to both projected expenditure and revenue), printed at considerable cost to…

A mini-budget or an annexure to budget?

For the first time in Pakistan’s chequered history additional revenue measures were annexed to the budget by a sitting government though the budget announced on 10 June has not yet…

A constrained budget

The federal budget of 2022-23 has been presented in a difficult and uncertain economic and political environment in the country. Foreign exchange reserves are at a very low level of…

Primary versus budget deficit

Setting time bound quantitative targets for primary deficit, defined as minus interest and repayment of principal as and when due, is a new International Monetary Fund (IMF) condition for Pakistan…

Whither the budget deficit

There was intense speculation on the government’s ability to meet the budget deficit target of 7.2 percent for the current fiscal year, the same as projected for 2018-19, agreed with…