Pakistan and the International Monetary Fund (IMF) are preparing to restore the country’s financial framework for this year, as the recent Flash Flash Flash Flash Flood is more than seven more than the economic result.
The GDP growth target, which is actually set at 4.2 %, is now under pressure. Initial studies suggested that flood growth could reach 3.9 %, but the latest data shows that its effects may be even more clear, as well as shaving from 0.6 to 1 percent of the growth rate.
A senior official told the news, “The initial diagnosis covered only the damage by mid -September, but the situation has worsened.”
The rapidly diagnosis (RNA) made by provincial authorities (RNA) now puts the total damage to around Rs 500. In all four provinces, 650 billion, which is estimated at a sharp increase of Rs 500 by the first estimate. 371 billion.
However, these figures are temporary, such as the consortium of international donors, including the World Bank, the Asian Development Bank, the European Union, and the United Nations Development Program. The official added, “There are still gaps in the figures, and the final support can be even higher.”
Against this background, Pakistan and the visiting IMF review mission are working to finalize a revised budget framework, which is an important step toward opening the next train under the $ 7 Billion Extension Fund Facility (EFF) and flexible stability (RSF).
Under the new framework, the Federal Board of Revenue (FBR) RS in the tax collection target. RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RSS RS RS RSS RSD RD. RS from 14.13 trillion. 14.001 trillion, with non -tax revenue goals, have also been set for kit.
The provinces pledged to generate more than the income of the previous rupee. 1.465 billion for the year. Nevertheless, the expected dip in the FBR collections will probably have an impact on those estimates. On the expense, the government is expected to make internal adjustments instead of announcing public deductions in the Public Sector Development Program (PSDP), which RS. 1 trillion.
Instead, officials say the release of PSDP funds can be slowed in the first half of the financial year to overcome the fiscal deficit and maintain a basic additional target of 2.4 % of GDP.
Some development projects, such as the FBR’s digitalization Initiative, will continue to receive funds, including the installation of new equations at the border points, with it, RS. Twenty billion have been made for these efforts.