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Budget 2021-22: the real test has just begun

Budget 2021-22: the real test has just begun July 4, 2021 Governments usually breathe a sigh of relief once the annual budget is passed. Yet even though this year’s finance bill was accepted without much opposition from opposition benches when it finally came time to vote, Finance Minister Shaukat Tarin wouldn’t be as relieved as usual just yet. The reason, of course, is that the real test has just begun. Because the government now has two months to impress the International Monetary Fund (IMF) with the sudden turn around to a very expansionary fiscal policy, failing which it will most likely be curtains not just for the new budget and the new finance minister, but also the economy and the ruling setup.

Previous government of PML-N left $20b CAD: Ali Awan

Previous government of PML-N left $20b CAD: Ali Awan June 28, 2021 Special Assistant to Prime Minister on Capital Development Authority (CDA) Affairs Ali Nawaz Awan here on Sunday said the previous Muslim League-N government had left a Current Account Deficit (CAD) of $ 20 billion, which was turned by the Pakistan Tehreek Insaf (PTI) government into $800 million surplus as its major economic success. “The former government has left Rs 45 billion in the form of liabilities, including Current Account Deficits, external debt, circular debt and trade deficits, which led the government to go to the International Monetary Fund (IMF), ” he said while talking to APP.

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