BUDGET 2021-22: Highlights and Commentary

Naseem Faraz, Mahmood Khalid, Saba Anwar, Mohammad Shaaf Najib and Hania Afzal
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Naseem Faraz: Pakistan Institute of Development Economics
Mahmood Khalid: Pakistan Institute of Development Economics
Saba Anwar: Pakistan Institute of Development Economics
Mohammad Shaaf Najib: Pakistan Institute of Development Economics
Hania Afzal: Pakistan Institute of Development Economics

No 2021:6, PIDE Research Report from Pakistan Institute of Development Economics

Abstract: PTI government has presented its third budget. The incumbent Finance Minister was expected to spell out new directions of the government which are pro-growth and reflected with fiscal allocations that are in agreement with the Fund while encouraging the existing and new enterprises. At least from the Budget speech it appears he has been successful. However, a critical appraisal is required to qualify this stance. Government has faced numerous economic challenges, aggravated by the Covid 19 Pandemic but the Government has successfully progressed from recovery and stabilisation to sustainable growth. Provisional GDP growth rate for FY 2021 is estimated to be 3.94 percent against the targeted growth of 2.1 percent.

Pages: 15
Date: 2021
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