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…
Pakistan has long run a trade deficit. That gap burdens our foreign reserves. It weakens the rupee. It makes every crisis harder to manage. Yes, the depreciation of the PKR…
The flood damage is rising by the day – both in terms of fatalities and financial losses (private and state owned) with the last monsoon rains forecast to end this…
A weekend election in Japan has made real the prospect of bigger government spending and deficits in the world’s most indebted developed nation, although for now foreign investors and a…
A US sovereign downgrade by Moody’s has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more fiscal restraint from Washington.…
