Issue 15

Budget Study Centre   Issue 15
May 15, 2018


Fortnightly Budget News Alerts

CM Murad to present Sindh budget today

The News (May 10, 2018)

KARACHl: Sindh Chief Minister Murad Ali Shah will present a record over Rs 1 trillion budget for the financial year 2018-19 today (Thursday). Earlier, Sindh government had announced to present the budget on May 5, however government had to backtrack from its decision, now the government is all set to unveil budget for the financial year 2018-19 today. Chief Minister Murad Ali Shah, who also holds the portfolio of the finance, will present the budget ………..Read More

Senate body finalizes budget proposals

The Express Tribune (May 10, 2018)

ISLAMABAD: The Senate, where the opposition enjoys a majority, on Wednesday implicitly accepted the government’s right to present the next fiscal year’s budget, as it withdrew a recommendation that sought to limit the PML-N government’s right to present the new budget to only four months. The Senate unanimously adopted a report of the Senate Standing Committee on Finance on Finance Bill 2018 and the Annual Budget…..Read More

LHC moved to declare PML-N’s sixth budget illegal

The Patriot (May 05, 2018)

Lahore: a petition seeking to declare unlawful the presentation of the full-year budget 2018-19 by the Pakistan Muslim League Mawaz (PML-N) government is closing weeks of its five years term was filed in the Lahore High Court (LHC) on Saturday. The petitioner has pleaded with the high court to strike down the budget for what he said being unlawful and unconstitutional. He argued that PML-N government was not entitled to unveil a …..…Read More

California’s economy passes UK’s to become world’s fifth biggest

The Guardian (May 04, 2018)

California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public on Friday. Despite having a population of only 40 million compared with the UK’s 65 million people, California’s gross domestic product of $2.7tn has overtaken the UK’s $2.6tn.

The so-called Golden State’s GDP rose by $127bn in the period from 2016 to 2017, while the UK’s economic output fell ………Read More


Pakistan’s macroeconomic outlook, weak balance of trade, and current account deficit

Pakistan Today (May 01, 2018)

LAHORE: As a country divided over its economic policies, embroiled in political infighting and flaky governance along with a longstanding trend of borrowing from internal and external sources to sustain the economy, Pakistan continues to surprise with figures indicating growth and potential to grow even further. The recent announcement of the budget for the fiscal year 2018-19 has been praised by the business community,….…Read More

K-P Health dept wants Rs 4b more

The Express Tribune (April 30, 2018)

PESHAWAR: Following directions from the apex court, the provincial health department has sought additional funds from the government to provide critical equipment to health facilities around the province. Chief Justice Saqib Nisar, while presiding over a division bench at Supreme Court registry, had ordered the provincial health department to submit a report on the necessary facilities provided to health centres across .…Read More

Experts term budget 2018-19 as non-conventional budget

Pakistan Today (April 30, 2018)

ISLAMABAD: This year the budget 2018-19 is non-conventional as compared to the last four year’s budgets, where the government presented a popular budget with an eye on the upcoming general elections. There is a need to understand the budget in totality and need to have informed criticism and praise of the budget. Whereas, the opposition political parties have to present their shadow budget that should give the formula to reduce the tax rate, reduce …Read More

Indonesia officials laud country’s financial stability

The Wall Street Journal (April 30, 2018)

JAKARTA—Indonesia’s financial system is well and under control despite the recently increased pressure on the financial markets, authorities said Monday. “The stability was supported by Indonesia’s strong economic fundamentals, improving performance of financial institutions, and the companies listed on the local stock exchange,” Finance Minister Sri Mulyani said in a press conference after a monthly joint meeting with Bank .………Read More

‘K-P ignored in new finance bill’

The Express Tribune (April 30, 2018)

The chief of a major party in Khyber-Pakhtunkhwa on Sunday rejected the federal budget announced on Friday, flaying the federal government for ignoring the province. The comments echo those of traders in the province who have similarly expressed their dissatisfaction with the budget. Education survey: Primary enrollment gets a boost Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao, while addressing ………Read More

PML-N government announces populist budget: CPDI

The News (April 29, 2018)

ISLAMABAD: The government has announced one of the most populist budgets in the history of Pakistan giving relief to almost all the sectors of the society. Giving populist budget is not a negative point as government is duty-bound to maximise the welfare of citizens. But without an alternate programme to offset the loss of tax revenue that will occur as a result of tax relief, the future government may be in trouble to get revenue and expenditure targets. The ….Read More

India likely to clock 7.5 percent growth in FY19: Deutsche Bank

India Today (April 29, 2018)

The Indian economy is witnessing a “cyclical upswing” and the country is likely clock a GDP growth of 7.5 per cent this financial year, says a Deutsche Bank research report. “Our current growth forecast for 2018-19 is 7.5 per cent (RBI estimate is 7.4 per cent), which will mark an improvement from the 6.7 per cent likely outturn in 2017-18,” the global financial services major said. The Reserve Bank expects India’s economic growth rate to strengthen to…Read More

Water sector budget gets 56pc boost

Express Tribune (April 29, 2018)

ISLAMABAD: For the first time during its five-year tenure, the PML-N government has increased the budget for water sector by 56%. The water sector allocation has been increased from Rs36.75 billion in the outgoing financial year 2017-18 to Rs64.62 billion for FY2018-19. The proposed amount is one-tenth of the proposed size of the Public Sector Development Programme (PSDP) authorised by the finance ministry. During…Read More

Budget 2018: PML-N eyes next elections in sixth budget

The News (April 27, 2018)

ISLAMABAD: Amid lingering controversy over the legality of federal budget 2018-19, the ruling PML-N government unveiled its sixth consecutive budget in the National Assembly at the twilight of its constitutional tenure. Miftah Ismail, who was appointed as federal minister hours earlier, presented the budget proposals eyeing the forthcoming elections. Leader of the Opposition in the National Assembly, Syed Khursheed ……Read More