PRESS BREIF ON THE STATE OF PAKISTAN'S ECONOMY AND FEDERAL BUDGET 2023-24

Fiscal and monetary policies are in contradiction with each other which has negative implications for achieving the macroeconomic and fiscal targets presented by the government in the Federal Budget 2023-24. The budget portrays a weak resource mobilization strategy where net revenue receipts of the federal government are not enough to cover even the interest payments. This was stated by the experts in a seminar jointly organized by the Applied Economics Research Centre (AERC) and Social Policy and Development Centre (SPDC) at the University of Karachi.