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NFC and fiscal equity

Initiated by the centre and fiercely contested by the provinces, the reallocation of the NFC comes under debate each time the annual budget is due or when a new federal…

SOEs, fiscal discipline & reforms

Despite a wave of privatization in the last 3 decades, SOEs still contribute significantly to the economic growth of both developed and developing countries (Robinett 2006). For example, SOEs account…

Anti-money laundering regulations and fiscal laws – I

General perception about money laundering 'Money laundering' in general sense means, actions and processes of projecting money acquired as proceed of crime as untainted money. This subject gained international significance…

Fiscal mess – straighten the priorities

Budget-making is in the process. This one is a tough budget to make. Covid-19 demands stimulus; but the fiscal deficit is already too high. The government is asking for no…

Fiscal mess – straighten the priorities

Budget-making is in the process. This one is a tough budget to make. Covid-19 demands stimulus; but the fiscal deficit is already too high. The government is asking for no…

Fiscal federalism

The stagnant fiscal space and mounting debt repayment requirements pose enormous challenges to long-run fiscal sustainability. Apart from budgetary space and debt obligations, the rules of the game defined under…

2019: Review of PTI govt’s fiscal measures — I

An unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood…

2019: Review of PTI govt’s fiscal measures — I

An unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood…

Revisiting Fiscal Federalism

Revisiting fiscal federalism

Mushtaq Rajpar’s opinion piece, ‘Fiscal federalism’ (The News January 1, 2020) is a welcome addition to the debate on the subject. Admittedly, the matter relating to the NFC has faced…