The International Monetary Fund (IMF) has accepted the rupee proposal. Federal and provincial officials say that to absorb flood costs to absorb floods to absorb flood costs, but Pakistan should not abandon its overall financial discipline.
As reported TribunPakistani authorities set up the money by setting the money against the basic budget target. In response, the IMF is resorting to a change in the basic goals, and proposing adjustments within the current financial framework.
Punjab, which has been most affected by the flood, has promised one rupee. 740 billion cash surplus, but only on the condition that the Federal Board of Revenue (FBR) its RS. 14.1 Tribes target. Sources say that the IMF can allow deductions in the Public Sector Development Programs (PSDP) or use emergency funds to build a room.
There are votes to reduce the FBR target to reduce the target. RS from 170 billion. 13.96 trillion, adjust non -tax revenue, and relax the purpose of Punjab’s agricultural tax. The IMF also flagged a possible rupee. Over 150 billion provincial provincial voting from flood costs.
An alternative proposal includes cutting money. 300 billion from PSDP and another rupee, keeping the basic additional target, 150 billion from the municipal reserves. Yet government officials believe that Pakistan not only needs additional financial space for internal trade. They recommend reducing the additional target. 500 billion, or about 0.4 % or GDP.
The current IMF situation includes one rupee. 3.1 trillion primary surplus (2.4 % or GDP) and one rupee. 1.464 trillion provincial cash (1.1 % or GDP), both are firmly bound for FBR performance and provincial contributions.
Information related to the Punjab Minister, Izama Bukhari, confirmed the province’s commitment to its rupee. The target of 740 billion, which is subject to fulfilling its goal, and made it clear that Punjab has not advised the IMF that it will decrease.
However, there are deep concerns over the FBR supply capacity. Even if its target has been edited down, RS. 13.96 trillion is unlikely, because it has approximately the target of its first quarter. 198 billion.
Punjab has the financial support. The last financial year, allegedly lost about Rs 500 in the province. 500 billion due to lack of FBR. Officers may need to re -evaluate their development and current budget projects to absorb flood recovery costs.
Key macro variables, including inflation, growth, and current account deficit, are under negotiations. The government has proposed a 3.5-3.9 % growth, but the IMF expects the growth not more than 3 %.