Fiscal federalism
The stagnant fiscal space and mounting debt repayment requirements pose enormous challenges to long-run fiscal sustainability. Apart from budgetary space and debt obligations, the rules of the game defined under…
Fiscal policy and economic growth
Fiscal policy is an important tool of modern governments to steer economy in right direction. All governments, specially in emerging markets, endeavour to align their fiscal policies in the manner…
Fiscal outcome 1st quarter, 2017-18
The information on fiscal operations in the first quarter of 2017-18 of the federal and provincial governments has been released recently by the Federal Ministry of Finance (MoF). The figures…
Current SBP stance will help fuel growth
The State Bank of Pakistan (SBP) though its Monetary Policy Statement (MPS) has provided a clearer view to the directionless interbank market, money market, traders, banks and corporations. At this…
The year of living anxiously
2020 was a devastating year for Pakistan as for the rest of the world. The year of the pandemic disrupted lives everywhere and tested people’s endurance and resilience. As elsewhere,…
Two years in power
August 18 marks the second anniversary of the PTI government in office. The second half of the government’s second year in power was affected by Covid-19. In fact, the pandemic…
The fiscalitis virus
The whole world is facing a single pandemic virus. We are facing two – the coronavirus and the fiscalitis virus developed in Washington by the IMF. It has infected every…
A tumultuous year
The year 2019 started with clouds of despair and uncertainty hovering over the country’s economy and politics. It ended with much of the same – except that we have now…
The fiscal challenge
One of the most formidable challenges that the new government will face is in stabilizing the state of public finances of the country. This is essential for a number of…
Fiscal deficit remains main threat to economy
It is reported that fiscal deficit was recorded at 6.1% of GDP (Rs 2100 billion), in the first eleven-month of the fiscal year. Not only is this a very alarming…
