Centre, provinces struggle to reach consensus over fiscal space; KP says demand could push provinces into deficit.
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• Centre, provinces struggle to reach consensus over fiscal space
• Federal govt seeks over Rs1tr for strategic needs; provinces resist freeze on NFC shares
• KP says demand could push provinces into deficit
• CM’s adviser says issue now political, not technical
Extra FBR revenue to stay with Centre; "strategic needs" may require Rs1.3-1.7tr.
Rs4.7tr federal, provincial development plans may be revised.
Overall development outlay slashed by 25pc to Rs3.218tr; no new projects except for interior, defence ministries; federal PSDP…
The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
KP finance czar says federal govt facing Rs1.7tr "fiscal hole"; Muzammil Aslam claims Centre in a tight spot due to coalition…
Discussions focused on current expenditure and development spending priorities, including PSDP.
