Unaligned Monetary and Fiscal Policies
The points discussed identify the key factors of current account deficit and reasons of loss in budgeted figures. It is high time that these policies be aligned by having effective interaction among concerned ministries and organization that is FBR, SBP, EPB, SECP etc instead of individual heuristic approach. Consequently, the fiscal laws and monetary / fiscal regulators efforts need to be coordinated.
Article courtesy of Muhammad Ashraf
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