The federal government announced an ambitious federal budget for fiscal year 2014-15 on Tuesday (today) which will be the first real test for the PML-N’s policy muscle, given its heavy mandate in parliament.
The Pakistan Muslim League – Nawaz (PML-N) government, in its first year in power, failed to achieve almost all of the key economic targets it had set last year — highlighting the consequences of delays in introducing tough structural reforms.
Though the gross domestic product (GDP) rate crawled up to 4.1% for the first time in the last six years, it fell short of the targeted rate of 4.4% for the fiscal year 2013-14. The country’s per capita income grew at a dismal 1.4% to $1,386 per person.
The survey also showed that the key indicator the tax-to-GDP ratio was again missed and stood at only 8.8%.
But the PML-N and financial wizard Ishaq Dar have big plans for the next year.
For an insight to the steps the government plans on taking in the upcoming fiscal year, read the real-time analysis by our business reporters and experts on the links given below.
Links will be updated as fresh analyses and information come in.