Tax revenue target for 2025-26
The process of preparation of the federal and provincial budgets is underway now and the respective budgets will be announced in the earlier part of June 2025. One of the…
A budget for growth
As Pakistan prepares for its upcoming Budget 2025-26, it finds itself once again caught between the stringent demands of an International Monetary Fund (IMF) programme and the aspirations of a…
Provincial revenue mobilisation
The previous article had focused on the overall fiscal performance of Provincial governments in the first six months of 2024-25. The objective of this article is to look more closely…
Budget deficit still not being dealt with!
The Khan administration inherited two unsustainable deficits that continue to plague its seven and a half months long tenure: current account and budget deficit. The current account deficit by end…
India’s Budget
The Indian economy, despite its resilience and potential, faces a multitude of challenges as it passes through the complexities of a rapidly changing global economic environment. Persistent inflationary pressures, rising…
Climate revenue & investments
PAKISTAN’S economic and climate turnaround hinges on the active participation of the private sector. A web of robust partnerships with it can be leveraged to attract both domestic and international…
Budgetary system & fiscal governance
Pakistan’s budget process, while clearly defined in the 1973 Constitution, subordinate legislations like the Public Financial Management Act (PFMA), 2019 and guided by detailed manuals e.g. Budget Manual 2020, suffers…
Budget repair
THE federal budget for fiscal year (FY) ‘24 will be presented against a complex domestic environment and a challenging global economy. There has never been a more critical time to…
FBR revenue targets for 2024-25
The first two months of 2024-25 have already revealed serious problems with the overall and individual revenue targets for FBR taxes. Identification of the problems starts with the wrong estimates…
Budget and parliament
ALTHOUGH an intense public debate had been going on about the contents and quality of the recently passed federal budget, there has not been much discussion on the deeply flawed…
