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The IMF-govt trust deficit

The Pakistani public is being subjected to extremely disturbing macroeconomic indicators with each subsequent update showing a worsening trend - data-set sourced to government entities, including the Pakistan Bureau of…

Budget with a sanity deficit

At a time when Pakistan is going through some of the worst economic challenges in its chequered history, the federal government has come up with a budget that speaks volumes…

Burgeoning budget deficit

The information on fiscal operations in 2021-22 has just been released by the Ministry of Finance. These figures are based on information from the AGPR (Accountant General of Pakistan Revenue),…

Two choices before government

PAKISTAN watchers at home and abroad will keep their eyes and ears peeled next week for clear indications of the direction the country will be taking as the PML-N-led coalition…

Burgeoning fiscal deficit

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…

Controlling inflation and financing deficits — I

In April 2020, Intern-ational Monetary Fund (IMF) managing director (MD) had reportedly called the Covid pandemic a ‘crisis like no other’, and a Guardian article ‘We are living through the…

Primary versus budget deficit

Setting time bound quantitative targets for primary deficit, defined as minus interest and repayment of principal as and when due, is a new International Monetary Fund (IMF) condition for Pakistan…

Opportunities for the government

The balance of payment) (Bocrisis has been aggravated by major currency depreciation taking place over the past few months, the rupee plunging 15% since December last. Surprisingly the currency has…

Whither the budget deficit

There was intense speculation on the government’s ability to meet the budget deficit target of 7.2 percent for the current fiscal year, the same as projected for 2018-19, agreed with…