Budget 2019-20: Assessment of taxation proposals
The Budget of 2019-20 contains over a hundred proposals spread over 30 pages related to the granting of tax reliefs, measures to generate additional tax revenues and improvements in the…
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
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…
Federal Budget 2018-19 (Revised): An appraisal
The revised Federal Budget for 2018-19 has raised a number of concerns ranging from the failure of the Government to use this occasion to share its vision for the economy,…
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…
