Fiscal Marksmanship in Pakistan: With Special Focus on Province Khyber Pakhtunkhwa

Tariq Khan (), Anwar Hussain () and Zalakat Khan Malik ()
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Tariq Khan: Federal Urdu University of Arts Science and Technology Islamabad.
Anwar Hussain: University of Swat
Zalakat Khan Malik: University of Peshawar, Pakistan.

Pakistan Journal of Economic Studies, 2018, vol. 1, issue 1, 21-43

Abstract: The present study aims to analyze the state of fiscal marksmanship in using annual time series secondary data. The findings revealed that the budgetary forecast in Pakistan at the federal level and provincial level in Khyber Pakhtunkhwa was inefficient andalso the main component of errors was random. The budgetary forecast was not based on the rational expectation hypothesis and the budgetary efficiency deteriorated overtime at both federal and provincial level i.e. Khyber Pakhtunkhwa. Based on the study,it is recommended that the government should be realistic and must avoid under/over-estimation of budgets to achieve fiscal targets.

Keywords: Marksmanship; Budgetary Errors; Revenues; Expenditures; Rational Expectation Hypothesis; Budgetary Efficiency. (search for similar items in EconPapers)
JEL-codes: E62 H27 H71 H72 O23 (search for similar items in EconPapers)
Date: 2018
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