Pak highlights critical risks to Budget 2024-25 in statement to Parliament ...Middle East

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Pak highlights critical risks to Budget 2024-25 in statement to Parliament
source : Business Standard ( Middle East ) () 39
Pakistan's cash-strapped government has highlighted almost a dozen critical risks to next year's budget and medium-term outlook, including lower than estimated economic growth, unexpected climatic or natural disasters as well as continuing poor performance of state-owned entities. In a written statement on the fiscal risks submitted to Parliament, Finance Minister Muhammad Aurangzeb and Secretary Imdadullah Bosal said a combination of three risks higher than the estimated interest rate, lower than non-tax revenue collection and higher subsidies had the most significant impact on fiscal variables across the board. "The combination of reduced revenues, increased expenditure on subsidies, and

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