In-depth analysis of the budget for fiscal year 2014-15.
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.
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can you please elaborate economic indicators of the 2014 budget with comparison with the previous budget. In which areas the government didn't achieved its targets.
@Ratnam:
That's provincial matter now.
http://tribune.com.pk/story/717068/provinces-share-in-federal-taxes-increases-to-rs1-720tr/
I have not been able to find the budget allocation for education. The only numbers that are being reported are the Re 63 billion allocated to the HEC (Higher Education Commission). But there are no numbers for basic (primary) education. Can anyone enlighten?
The budget is for rich and businessmen and not for common citizens The budget is full of new tax withholding provisions and it seems FBR officers have conceded that they are lazy and not cable of collecting due taxes by hard work. I do not see 33% exemptions being withdrawn as was promised I am disappointed in the budget at it's low allocation for education sector
The minimum pension should be equal to the minimum income of a labourer, i-e, Rs 11000. More relaxations should have been given to the senior citizens, more steps should have been taken to attract foreign investment.
Why have you shown the Budget ICON on the top most line, while it is merely HALF of the Debt Servicing. The debt which the politicians accumulated and also about 10-20% went into their pockets in infrastructure contracts and PSDP programs. What are you trying to project Mr. Editor ????