This document discusses Pakistan's fiscal policy and budgetary issues. It covers topics such as the objectives of fiscal policy, types of government receipts and expenses, deficit financing methods, the structure of raising funds, and problems related to revenue collection and budget shortfalls. It notes issues like tax evasion, a narrow tax base, and the gap between revenues and expenses. In the conclusions section, it recommends increasing the tax base, balancing the defense and federal budgets, and improving law and order conditions to address Pakistan's fiscal policy challenges.

1. I PUT MY TRUST IN ALLAH: “ALLAH IS SUFFICIENT FOR US” (Quran 3:173)
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3. 1. INTRO (Fiscal Policy, Bill)
2. TYPES & OBJECTIVES
3. GOVT (Receipts, Expense & Deficit)
4. STRUCTURE (Raising Fund)
5. CONSOLIDATED FUND
6. PROBLEMS: RELATED PAKISTAN
7. REMEDIES
8. CONCLUSIONS
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4. FISCAL POLICY: “ Fiscal Policy considers:
1. Imposition of taxes
2. Govt. Expense
3. Public Debt”
CONTITUTIONAL “In Federal list Article 142:
FRAME WORK: 1. Currency
2. Public Debt
3. Finance & A/c”
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5. FINANCE BILL: Govt Proposal for:
1. New Taxes
2. Alterations
3. Finance Act
4. Majors: Income, Sales, Customs ETC
5. Foreign Trade
6. Loans & Grants
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6. 1) EXPANSIONARY:
• Increase in Govt Purchases
• Decrease in Govt Taxes
2 TYPES:
2) CONTRACTIONARY:
• Decrease in Govt Purchases
• Increase in Govt Taxes
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7. 1) Self Reliance
2) Expansion of Exports
3) Stop Import of Luxury Goods
4) Promotion of Investment
5) Public Finance Distribution (NFC)
MAJOR
OBJECTIVES
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8. RECEIPTS:
1) REVENUE RECEIPTS ( Tax & Non Tax)
2) CAPITAL RECEIPTS
3) EXTERNAL RECEIPTS (Consortium & Non
Consortium)
4) SELF FINANCING (Autonomous Bodies)
EXPENSES: 1) CURRENT EXPENDITURE
2) DEVELOPMENT EXPENDITURE (Defence, Social
Service, Grants, Subsidies ETC)
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9. DEFICIT
FINANCING:
1) PRINTING NEW CURRENCY
2) PUBLIC BORROWINGS
3) FOREIGN LOANS, AIDS, GRANTS
4) USING PREVIOUS BALANCES
5) BORROWING FROM BANKS
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10. STRUCTURE:
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11. CONSOLIDATED
FUND:
ARTICLE 78,81 & 121:
"one fund into which shall flow every
stream of public revenue and from
which shall come the supply of every
service“
PARTS:
• FEDERAL & PROVINCIAL
• PUBLIC ACCOUNTS
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12. TAX EVASIONS: 1) Complex structure
2) No punishment
3) Do not disclose true income
4) Exempted Sectors
5) Personal interest of High class
1) Narrow Tax Base
2) Heavy tax on Manufacturers
3) Avoid Value Added Items
4) Increased non Development Expense
5) Unfair tax structure
REVENUE &
EXPENSE GAP:
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13. BUDGETARY
SHORTFALLS:
1) Power Shortage
2) Industrial Crisis
3) Tax Evasion by well performing
Industries
4) Stock Exchange pays minimal tax
5) Corruption by tax officials
6) Real State business pays minimal tax
7) Law and Order Causing Burden
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14. Remedial
Measures:
1) FBR should impose new taxes
2) Increase price of utility
3) Decrease in development expending
4) Measures for natural disasters
5) Balance between defence & federal
budget
6) Increase in tax base
7) Law and order conditions
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15. CONCLUSIONS:
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16. CONCLUSIONS:
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