Pakistan throughout its history has seen regime changes from more democratic to 1 more authoritarian and vice versa. This has meant that the country’s political and social landscapes have remained volatile and unstable. Many economists argue that this instability has partly contributed to the stifled and irregular growth patterns in the country. The average GDP …
1. INTRODUCTIONTotal Government Expenditure and the percentage that it represents of the total Gross Domestic Product (GDP) is often taken as a measure of the size of the government’s footprint and its involvement in the economy. A low percentage reflects that the government’s capacity to influence the economy through fiscal instruments is limited, and low …
Estimating the Footprint of Government on the Economy (Article) Read More »
There has been persistent pressure on successive Pakistani Governments by policymakers, especially those affiliated with multilateral donor agencies, to increase the Percentage Tax-to-GDP ratio. It is true, that the fiscal deficit continues to increase. However, the assumption that it is a tax shortfall that grows the deficit needs to be challenged. Haque (2020 & 2022) …
Pakistan’s economy has failed to achieve the target that it set for increasing investments. The investment rate currently stands at 15.4 percent of GDP which is about half the South Asian average. Factoring in the rate of depreciation shows that net investment in the economy is negligible, or, put in layperson’s terms, there is hardly …
What is the Size of the Government Footprint on Pakistan’s Economy? Read More »
Towards a Stable Economy and Politics[1] Nadeem Ul Haque, Vice-Chancellor, PIDE and Raja Rafi Ullah, Research Fellow, PIDE Context to the Knowledge Brief Pakistan throughout its history has seen regime changes from more democratic to more authoritarian and vice versa. This has meant that the country’s political and social landscapes have remained volatile and unstable. …
Government’s footprint on the economy in Pakistan is more than what annual general government spending (22 percent of GDP) suggests. In addition to spending; about 200 State Owned Entities, SROs culture and cumbersome business regulations combine towards a footprint of the government amounting to approximately 67 percent on Pakistan’s Economy.
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