US
This is an unprecedented situation in the history of Pakistan
Revenue collection estimate is unrealistic as govt expects 27% growth
Extreme crisis can be managed through astute planning by govt
State Bank will try to cut rate slowly to avoid capital outflow
People are facing unemployment and underemployment along with high inflation
Increase in number of tax return filers will not push up revenue receipts
In emerging scenario, govt faces daunting task of cutting expenses
May attract global fund managers but it will be at the cost of economy
Business activity has slowed down markedly in FY19
In next budgetary planning, government intends to further stabilise economy by crafting a tight fiscal policy