Share:It looks like the fiscal policies followed by the government so far are set to change trajectory once more. From Finance Minister Shaukat Tarin’s comments on Wednesday, where he advocated taking restrictive measures so that the “overheating” economy could cool down, it seems that the government will be reversing the track it has so far followed expansionary fiscal policies. When the budget was being passed before the start of the new financial year, there was debate about the consequences of expansionary fiscal policies and spending, and whether the economy could withstand the pressure. The minister himself at that time had opined that the economy can sustain over a 6 percent growth rate. However, switching up policies after a few months is not a good approach, and will not lead to the stability the economy needs.

Source: The Nation September 24, 2021 03:00 UTC