Aspects of Fiscal Policy and Resource Mobilization in Pakistan

Stephen Lewis, Jr
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Stephen Lewis, Jr: Pakistan Institute, of Development Economics,Karachi.

The Pakistan Development Review, 1964, vol. 4, issue 2, 261-282

Abstract: The meaning of "domestic rellouroe mobilization" has become oentred 'on two major statistics: the share of saving and the share of tax revenue in G.N.P. This rather specific and narrow view of "resource mobilization" has led to a variety of results, most of them unhealthy from the point of view of designing meaningful economic policy to promote economic development. Development is identified with capital formation; capital formation is attributed to saving; and, with the government undertaking an increasing share of the leadership in promoting development, saving has become identified with government saving, which is, in turn, identified with increased taxation.

Date: 1964
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