Federal Budget 2021-22 is just around the corner. Budget of a country is very important policy document. It reflects the priorities of the government and implementable policies for achieving the desired goals converted into resource allocation for one fiscal year. Historically there has been an ambitious revenue plan, which given the past performance is likely to miss the targets. Average annual growth for FBR revenue in the period 2001-2020 had been 13.17% and for FY 2021 it is expected to be 11.7% (Rs.4,691 billion against BE of Rs. 4,963 Billion). The Fund requires is to be much more for FY2022 (As per News Paper around 6 trillion).
Insights from Research on Pakistan’s Economy
October 7, 2024
