Budget allocations for HEC resented
The allocations of development funds given to Higher Education Commission (HEC) for the year 2018-19 to the tune of Rs35,630 million has been largely criticised by the educationists who term…
Budget proposals: sales tax in the gamut of taxation rationale
Tax is a charge on persons, entities or property by an authority in the relevant scenario. Purpose is to raise funds from its subjects. The term 'tax' embraces levies by…
Infeasible financing of budget deficit
The last two articles by the author of this article in Business Recorder were on 'bloated revenue projections' and 'understated expenditure projections', with regard to the outcome in 2016-17 and the Federal…
Who makes the next budget?
Going by the well-established parliamentary practice, Budget 2017-18 is due in June. However, the National Assembly will be dissolved on June 1 and an interim government will be in place.…
The budget and development
The budget is not just an accounting exercise that brings government expenditures and revenues in line with what is considered a prudent deficit target. For it to be meaningful, the…
The Balochistan budget
In simple terms, the budget is the summary of all financial expenditures of a government in a fiscal year. In developed countries, the ‘political government’ seeks the assistance of experienced…
Budgeting for war on terror
By end June this year the Zarb-e-Azb would have completed two full fiscal years since it was launched in mid-June, 2014. Notwithstanding its resounding successes in the last 22 months…
Some pre-budget challenges
In order to usher in some kind of order and sanity in the national economy, the government urgently needs to take some long- and some medium- term steps before announcing…
Budget 2013-14: No will to tax the rich
By just tinkering with tax rates here and there and imposing or enhancing regressive taxes - fixing revenue collection target at Rs 2598 billion for fiscal year 2013-14 - the…
Budgetary outcome 2015-16
Fiscal operations of the federal and provincial governments in the first nine months of 2015-16 have recently been made public. They reveal that the process of stabilisation is apparently proceeding…
