The fiscal policy of Pakistan is the government’s plan of action for its financial and economic objectives. It is considered an important tool for the economic and financial stability of the country. The fiscal policy of Pakistan is mainly focused on the budget, taxation and public expenditure.
The government of Pakistan has implemented various fiscal policies to achieve its economic goals. The main objectives of the fiscal policy are to reduce inflation, increase economic growth, promote investment and employment and reduce poverty. The government has implemented various tax policies, such as increasing the tax rate for high-income earners, reducing the tax rate for low-income earners and introducing various incentives for investment.
The government has also pursued fiscal policies to promote public expenditure. The government has increased the public expenditure on infrastructure, education and health to improve the quality of life of the citizens. The government has also implemented various subsidies to support the agricultural sector, reduce poverty and promote economic growth.
The government has also taken steps to reduce the fiscal deficit. The government has increased the revenue collection by imposing taxes on the incomes of individuals, businesses and other entities. The government has also reduced its expenditure by cutting down on public services, reducing the size of the public sector and reducing public debt.
The fiscal policy of Pakistan has been successful in achieving its economic goals. The government’s fiscal policies have helped to reduce inflation, increase economic growth, promote investment and employment and reduce poverty. The government has also taken steps to reduce the fiscal deficit and increase revenue collection. The fiscal policy of Pakistan is an important tool for the economic and financial stability of the country.