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PML(N)-led coalition govt struggles to strike a delicate balance between outright populism & fiscal discipline

Dar presents Rs14.5trn budget Budget closely watched by IMF 3.5% economic growth target set Fiscal deficit target set at 6.54% of GDP Govt targets inflation at 21% Total spending target of 14.46 trillion rupees set Defence expenditure estimated at 1.8 trillion rupees Targets total tax revenue of 9.2 trillion rupees Targets total non-tax revenue of 3 trillion rupees $30 billion export target set No new tax on industrial sector

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