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Budget 2021-22: the real test has just begun

Budget 2021-22: the real test has just begun July 4, 2021 Governments usually breathe a sigh of relief once the annual budget is passed. Yet even though this year’s finance bill was accepted without much opposition from opposition benches when it finally came time to vote, Finance Minister Shaukat Tarin wouldn’t be as relieved as usual just yet. The reason, of course, is that the real test has just begun. Because the government now has two months to impress the International Monetary Fund (IMF) with the sudden turn around to a very expansionary fiscal policy, failing which it will most likely be curtains not just for the new budget and the new finance minister, but also the economy and the ruling setup.

US stakes in Pakistan | Special Report

US stakes in Pakistan | Special Report
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

IMF Executive Board Concludes Second Review Under Jordan s Extended Arrangement and Request for Augmentation of Access to Address the Impact of COVID-19 - Jordan

IMF Executive Board Concludes Second Review Under Jordan’s Extended Arrangement and Request for Augmentation of Access to Address the Impact of COVID-19 Format Jordan has shown strong performance in implementing its reform program, which is geared to boosting jobs-rich and inclusive growth, while maintaining macroeconomic and financial stability. Program targets have been revised to allow adequate fiscal space to protect the recovery, expand the social safety net, and address high unemployment. The program will continue to accommodate additional spending on health and social protection. The IMF Executive Board has approved an increase in access under the EFF arrangement by about US$200 million. Stepped-up support from donors will be key to helping Jordan cope with the impact of the pandemic on the Jordanian people, while hosting 1.3 million Syrian refugees.

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