01.02.2015 Views

Download Presentation

Download Presentation

Download Presentation

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Immediate Issues<br />

A sharp slowdown in economic growth has impacted<br />

government revenue, while the global financial crisis has<br />

worsened the environment for raising private external<br />

capital flows<br />

Structure of budgetary expenditures affords little flexibility:<br />

security-related expenditures + debt servicing absorb<br />

60% of government revenue<br />

In order to meet IMF program targets, GoP has resorted<br />

to development spending cutbacks – a counter-productive<br />

strategy<br />

Budget FY10 envisages substantial hike in development<br />

spending to reinvigorate economic growth (Case for fiscal<br />

78<br />

stimulus)

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!