Taxes on consumption
Concepts of taxation are changing around the world. Many governments in developed and developing countries are facing record budget deficits and high levels of unemployment, taxes on consumption are thus…
Planned Greek tax hikes risk further damaging stalled economy
Greece encouraged global markets with its new debt plan, but some economists question whether its emphasis on tax hikes will do more harm than good to the recession-mired economy. Athens…
Rational over-optimism?
Federal Finance Minister Ishaq Dar in his budget speech 2015-16 maintained that the first budget he presented was focused on saving the country from default, the second budget to achieve…
Some sanity this time in budget
The federal government unveiled its fiscal budget for the year 2015-16 with a total outlay of Rs 4.3 trillion. With eyeing 5.5 percent growth, 7.5 percent raise in pays &…
Commitment to poverty alleviation
Federal Finance Minister Ishaq Dar in his budget speech 2015-16 maintained that the PML-N government's focus on poverty alleviation is greater than that of the PPP-led coalition government and, as…
Budget in elitist economy – I
In the coming days, the government of Pakistan Muslim League (Nawaz), having a majority in National Assembly, will get the Finance Bill 2015 passed, without any difficulty, ignoring many sensible…
Poor government, lavish expenses
Ishaq Dar, on assuming charge of Finance Ministry on 7th June 2013, promised that the PML-N government would not bring any mini budgets. He violated his resolve with impunity by…
What lies in store?
Like always, next FY Budget too will surely smell rosy. By tying knot with the IMF, the Federal Budget will have nothing much significant to offer because of Pakistan''''s commitment…
Document relevant for policymakers?
The Economic Survey 2014-15 contains, in common with last year, a clear and distinct bias in favour of the government''''s performance making the document largely irrelevant for policymakers. It has…
Battle of the budgets
A Week ago, Finance Minister Ishaq Dar presented the federal budget. A day earlier, the Pakistan Tehreek-i-Insaf had unveiled its ‘shadow budget’, the first for the party, while the Muttahida…
