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WorldPosted at: Sep 10 2018 1:34PM


Pakistan: PTI govt's focus on expenditure cuts

Islamabad, Sep 10 (UNI) The new government’s policies appear to be taking shape with an apparent focus on expenditure cuts and demand compression as it attempts to bridge the twin fiscal and current account deficits, said a Dawn report.
Almost 400 of the previous government’s development schemes may be cut from the Public Sector Development Programme (PSDP) to provide a buffer of around one per cent of GDP. As of September 7, disbursements for the PSDP are already historically low at just Rs35 billion of a historically high allocation of Rs1.03 trillion.
This time last year around Rs133bn, or 13.3pc of Rs1.001tr, had been released — well within the prescribed speed set for development expenditure disbursement.
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