Steering through economic, political and climate crises, the Pakistani government faces a tough ask to choose between a budget with the IMF or without it. In either case, the budget will be inflationary and hurt the people.
A budget with the IMF will come with a strong implementation of reforms, such as slashing subsidies, increasing energy prices and taxes, and curtailing spending to manage deficits. In this scenario, the government will have to show a primary surplus.
Economist Dr. Sajid Amin Javed of the Sustainable Development Policy Institute, explains if this will be an election budget or not.
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