Fiscal Consolidation measures bear fruit, bring financial discipline: report
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The Finance Division has adopted facilitative policy of release of funds to meet the expenditures
ISLAMABAD (Dunya News) – The Fiscal consolidation measures taken by the government have resulted in financial discipline, higher revenues and controlled expenditures, according to Mid-Year Budget Review Report for the fiscal year 2020-21.
“The same strategy will be followed during the remaining period of the CFY (current financial year) to achieve the fiscal sustainability,” the report published by the finance ministry said.
According to the report, the continuity in fiscal consolidation, stable exchange rate, improved current account and better financial management, presents a promising economic outlook.