Fiscal space constraints and its major implications
The government needs enough fiscal space to stimulate the economy to come out of limbo created by fiscal and monetary distortions. Added to all this, the on going energy crisis…
The government needs enough fiscal space to stimulate the economy to come out of limbo created by fiscal and monetary distortions. Added to all this, the on going energy crisis…
Pakistan’s fiscal system has long been under immense strain due to the mounting pressure of borrowing and the substantial portion of revenue being diverted towards debt servicing, and 2024 was…
Pakistan has faced significant challenges in balancing the distribution of power and fiscal responsibilities between its federal and provincial governments. The landmark Constitution (Eighteenth Amendment) Act, 2010 [18th Amendment] effective…
Fiscal discipline and effective financial management are the cornerstones of a nation’s economic stability and growth. In Pakistan, however, persistent fiscal mismanagement has been a recurring challenge for both federal…
Before Pakistan can embark on the long and tedious journey of structural reforms, fiscal discipline must be embraced wholeheartedly. Fiscal discipline refers to the practice of governments maintaining sound financial…
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…
Multiple changes have been observed at the political and economic stages of Pakistan during the last four years. This period can be considered a surprising regime in the history of…
The Abbasi administration has wholeheartedly endorsed Ishaq Dar's oft-announced decision to formulate and present the budget for fiscal year 2018-19 even though the party's tenure ends on 1 June 2018…
It is reported in the press that the planning division has surrendered Rs 24 billion from a block allocation for a technical supplementary grant in favor of cabinet division for…
The economics of a government, in many ways, is not different from that of a household. A prudent household is one that remains within its available resource envelop. More prudent…