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Achieving budget deficit target: Govt's desired fiscal framework becomes irrelevant


July 1, 2021
ISLAMABAD: The government wants to achieve budget deficit target of seven percent of GDP for the outgoing fiscal year and despite going close to the FBR’s desired target of Rs4,700 billion on June 30, 2021, the overall budget deficit might exceed in the wake of an overrun on the expenditure side.The government’s desired fiscal framework for achieving the budget deficit target of 6.3 percent of GDP has already become irrelevant before the kick-starting of the next financial year 2021-22.
The next fiscal year for 2021-22 will commence from tomorrow (Thursday) with effect from July 1, 2021 and will end on June 30, 2022. The fiscal targets envisaged by the government have already been shaken because of different developments that occurred on the economic front in the last few weeks. ....

Miftah Ismail , Fund Facility , Fund Programme , Extended Fund , மிப்தாஹ இஸ்மாயில் , நிதி வசதி , நிதி ப்ரோக்ராம் , நீட்டிக்கப்பட்டது நிதி ,