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Budget 2019-20: challenges ahead

The PTI government has announced its first annual budget under the umbrella of its own vision of socio-economic policies for public welfare and the parameters set by the IMF. Balancing…

Institutionalising Budget-making

Institutionalising budget-making

The budget debate is going on in parliament these days. We analyze the institutional aspects of budget-making in this article without commenting on the specifics of the presented budget, and…

Understating the budget deficit

The process of fiscal stabilization requires a big downward adjustment in the size of the consolidated budget deficit of the Federal and Provincial Governments. Therefore, it is of critical importance…

Out of control budget deficit

The information on Fiscal Operations in the first quarter of 2018-19 has been released recently by the Ministry of Finance (MOF). The consolidated fiscal deficit for the quarter is Rs…

The PPP’s Last Budget

The PPP’s last budget

The PPP is going to complete its five-year term on May 31. The Sindh government’s mandate doesn’t permit it to present a budget for the next fiscal year. But politicians…

State of the budget

The main faultline of Budget 2017-18 is the failure to provide a roadmap for self-reliance to collecting taxes as per the real tax potential and achieve a growth rate of…

Runaway budget deficit

The information on Fiscal Operations by the Federal and Provincial Governments for the first nine months of 2017-18 has been released recently by the Ministry of Finance (MoF). The bottom…

Last year’s budget

As I have grown older, and hopefully wiser, my fascination for the common Pakistani's passionate preoccupation and curiosity with the annual budget exercise has grown exponentially. Predominantly because, over time…