Priorities and Goals – Latest News – The Nation

The PML(N)-led coalition presented its first budget to the National Assembly on June 10, 2022. It has since been debated, passed and implemented on July 1, the first day of the new fiscal year.
Key federal budget priorities, strategies and goals include revitalizing the development agenda, eliminating blackouts, increasing agricultural production to improve national food security, reducing the budget deficit to restore stability finance, increasing industrial production, banning imports of luxury goods, reducing losses in the public sector and raising tax rates where possible.
Asked about the strategy behind the new budget, official sources said it was growth-oriented and based on a well-thought-out strategy to boost economic performance. Similar objectives have been defined in the medium-term fiscal strategy document for the financial years 2022-2024, giving a clear roadmap of the country’s priorities in terms of revenue generation and expenditure policies.
Accordingly, the main points the government will work on are stabilizing economic growth, controlling high inflation rates, increasing income flows, adopting austerity measures, increasing exports , the protection of vulnerable members of society through relief measures and social protection programs and the improvement of the overall situation. socio-economic condition of the population. The government has also pledged to control tax leakage at all levels and provide tax collection incentives to agencies such as the Federal Bureau of Revenue (FBR). This will encourage them to generate the maximum revenue possible through stricter implementation of tax laws across the country.
There were 12 other duly listed goals to be pursued and tracked in the budget measures in the current fiscal year of 2022-2023. These objectives include controlling the budget deficit to stimulate national economic growth, maintaining the primary balance at a sustainable level, ensuring the protection of social expenditure to support the country’s poor, mobilizing maximum resources for tax collection, increasing non-tax revenue through cost recovery. measures and rationalization of all regulatory fees and the continuation of the successful program with the International Monetary Fund (IMF).
Particular emphasis has also been placed on maintaining an appropriate level of the development budget – also known as the Public Sector Development Program (PSDP) – by adequately funding special areas of the country to ensure their development. fast, putting them on par with other developed areas of the country. the country as soon as possible, controlling unproductive and avoidable spending through the adoption of austerity measures at all levels, providing targeted subsidies to deserving segments of society, keeping public spending within the limits of approved budget allocations and controlling the prices of daily usable items by increasing the supply of those items.
At the end of the current fiscal year, hopefully in June 2023, the information provided above will help the general public to see and compare the extent to which these government priorities, policy actions and objectives have been tracked, met and implemented. . This is a checklist of items to enforce accountability by the people and the government, which highlighted some bold goals to be achieved within one year. The main objective must be the betterment of the country and the provision of relief measures to the poor in the face of such harsh policies which will surely disadvantage them disproportionately. This must be true for all parts of the country, rural and urban, so that national development is achieved in the longer term.

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