‘Federal budget portrays weak resource mobilisation strategy’

Fiscal and monetary policies are in contradiction to 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 mobilisation strategy, where net revenue receipts of the federal government are not enough to cover even the interest payments.

These remarks were made by experts at a seminar that was organised by the Applied Economics Research Centre (AERC) and the Social Policy & Development Centre (SPDC) at the University of Karachi.