Institutional framework of tax system has remained mostly unchanged for a century
In terms of economic growth, there is hope 2024 will be much better than 2023
Exports need to grow 10% a year, radically different trade policy should be adopted
Why did past reviews breed acrimony while this one sailed through smoothly?
Despite positive developments, several challenges threaten fiscal stability, growth
Caretakers’ groundwork for addressing challenges will help incoming govt
Govt should avoid discrimination between domestic, foreign investors
They hold potential to rejuvenate economy but it depends on political stability
Focus should have been on cutting expenses, broadening tax base
It must be complemented by measures like opening new routes, FTAs
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