International Monetary Fund (IMF) wishes government to have primary surplus, which means that before paying interest payments the country’s expenditure should be less than its revenue. Expenditure constitutes non-development (or…
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…
It is reported that fiscal deficit was recorded at 6.1% of GDP (Rs 2100 billion), in the first eleven-month of the fiscal year. Not only is this a very alarming…
Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an…
Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an…
Pakistan is in serious fiscal difficulties. The politics of sit-ins creating instability is bound to worsen the already pathetic economic situation. In fiscal year 2013-14, the original tax target of…
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…
The statistics on fiscal operations by the Federal and the Provincial governments have been released by the Ministry of Finance for the first six months of 2024-25. An examination of…
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…
Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its…
