Negotiations with the IMF on the next programme are ongoing, with budget formation being an integral part of the discussions. The government is requesting a full allocation of $7.6 billion,…
Just as the intellectuals have proposed ‘radical’ reforms in the area of governance and decentralization, there is a set of ‘radical’ structural economic reforms that need to be involuntarily imposed…
There is a lot of spilt milk in terms of lost time to initiate meaningful, broad-based institutional, organizational, and market reforms, to take the economy away from an overall neoliberal/Washington-consensus…
Senate elections was the time when economic commentators were anticipating a change of tide in favour of PTI-led and ruling coalition, in terms of making legislations that are an imperative…
At the outset of this series, we had explained that economic reform essentially means bringing the values of economic variables to a well-established notion of ‘natural state’. Ideally, this natural…
As Chinese President Xi Jinping prepares for a second five-year term, foreign investors will be watching for any sign of his long-promised reforms to further open up the world's second-largest…
What would be the contours of a framework that would enable the establishment of a Treasury Single Account (TSA). To begin with, let us point out that those entities which…
WITH Saudi Arabia’s help, the scope for adopting strategic approaches to economic reform independent of IMF has increased. Towards clarifying these, this article makes five points. One, that the budget…
We now turn to a key economic reform that has eluded policymakers for a long time. This is related to the establishment of a ‘Treasury Single Account (TSA)’ for managing…
Before we close the subject of fiscal federalism, we discuss the implications of the 7th NFC Award and the resulting state of fiscal affairs in the country. The Award, which…
