What's new

Pakistan’s budget has lost credibility: World Bank

. . . .
The report carries an objective assessment of Pakistan’s public finance management system and its budgets from fiscal year 2015-16 to 2017-18.

This is the key here. The report is about the financial state of the country and the budgets of the previous government.

Even after thier departure - the true extent of thier damage is coming to light. It will take a good few years to fix it.
 
. . . . . . .
IMF is a Death wish, a trap.
It is a necessity for you guys as of now.. Trick is to sort the house quickly before the debt trap starts falling (aka - the first repayment date arrives).. If that is passed, it will then get worse.. Ask the Greeks (and they are in Europe and Eurozone)
 
. .
World Bank should know that Pakistan is restructuring is economy and its a process of patience. Corruption is being tackled and thus there is a certain element of insecurity which will fade away with time.
But the report is not about current state of economy but what it was between 2015 and 2018
 
. .

Pakistan Affairs Latest Posts

Back
Top Bottom