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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…

The IMF-govt trust deficit

The Pakistani public is being subjected to extremely disturbing macroeconomic indicators with each subsequent update showing a worsening trend - data-set sourced to government entities, including the Pakistan Bureau of…

Budget with a sanity deficit

At a time when Pakistan is going through some of the worst economic challenges in its chequered history, the federal government has come up with a budget that speaks volumes…

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),…

Reducing C/A deficit

The rupee has taken a real beating last week, falling by 8 percent with respect to the dollar. There are both structural and short-term reasons for this precipitate fall. The…

Burgeoning fiscal deficit

The information on fiscal operations during the first three quarters of 2021-22 has been released recently by the Ministry of Finance. The financial position of the Federal government appears to…

Controlling inflation and financing deficits — I

In April 2020, Intern-ational Monetary Fund (IMF) managing director (MD) had reportedly called the Covid pandemic a ‘crisis like no other’, and a Guardian article ‘We are living through the…

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…

Debt, deficits, and welfare during the pandemic

The global pandemic has pushed the world, especially the developing countries, in a very uncertain territory with regard to economic recovery, which in most parts depends on finding an appropriately…