The state of public finances
The primary concern is today very much with the largest current account deficit ever of $ 18 billion. There is not yet much appreciation of the fact that the year,…
State of public finances
The previous financial year closed with the largest ever budget deficit. The magnitude was Rs 3,445 billion, equivalent to 8.9 percent of the GDP. The increase in relation to 2017-18…
Outlook for public finances
The Federal Budget for 2017-18 apparently has all the right ingredients. Resource mobilization, especially through FBR taxes, is to be raised substantially. Growth in current expenditure will be severely restricted…
Provincial finances and spending
The role and importance of provincial governments has been enhanced by a larger vertical transfer of revenues from the federal government under the 7th NFC Award and by allocation of…
Dissecting public expenditure (Part – II)
Debt dynamics requires continued primary budget surpluses to be generated for gradually lowering the burden of interest payments and reducing public debt-GDP ratio. Revenue mobilisation of an additional 1.5 percent…
State of provincial finances
The four provincial governments combined play an important role in the public finances of the country. They account for 38 percent of the current expenditure and over 50 percent of…
Covid-19 and provincial finances
The focus of the consequences of Covid-19 on public finances has generally been at the Federal level. Some impacts have been identified. First, FBR revenues plummeted by over 16 percent…
Capital suggestion: Criminal Finances Act
On July 24, 2002, Elizabeth Alexandra Mary, the queen of England, gave royal assent to the Proceeds of Crime Bill 2002 (POCA), thereby making the bill an act of parliament.…
KP finances: a review
Despite an apparently dynamic leadership of the PTI, KP continues to increase its dependence on federal transfers. Of the total provincial budgetary outlay of Rs603 billion, the province’s own revenue…
State of provincial finances
The four provinces are the constituent units of the Federation of Pakistan. Their importance has increased substantially following the 18th Amendment to the Constitution, which led to the abolition of…
