IMF expresses satisfaction over new fiscal year budget
The government’s staff level agreement with the IMF is likely to be finalized in June
Political parties will not politicize the IMF program and the provincial governments will also fully implement the new program, sources
ISLAMABAD ( WEB NEWS )
The International Monetary Fund (IMF) has expressed satisfaction with the budget for the new financial year. According to sources, it has been proposed to end all tax exemptions in the budget on the request of the IMF. In the budget, it is proposed to end the tax exemption of more than 3 thousand billion rupees. The enforcement of FBR has been increased to expand the tax net. More than 3 thousand 800 billion rupees will be collected in the next financial year. The new program is likely to be decided soon by the implementation of the IMF’s preconditions by the government and the staff level agreement with the IMF is likely to be finalized in June. went. Technology will be used to prevent tax evasion on the IMF proposal. The full cost of production will be collected from consumers by limiting energy subsidies. According to sources, privatization of government electricity companies and deregulation of the power sector will be done in the next financial year, while privatization of government companies will be accelerated. The government companies will be entrusted to the government companies of friendly Arab countries. The sources further said that the political parties will not politicize the IMF program and the provincial governments will also fully implement the new program.