Tarin says govt to spend $6bn minimum to boost growth - News Summed Up

Tarin says govt to spend $6bn minimum to boost growth


“That’s the bare minimum we need for a country this size,” said Tarin, who is due to present a new budget next month for the world’s fifth most-populous nation. “There are almost 110 million youth.”Tarin, a former banker, was appointed last month as the fourth finance minister since Prime Minister Imran Khan’s government took power in 2018. Tarin said that he expects the deficit in the next fiscal to be 1 or 1.5 percentage points lower. The Washington-based lender sees the economy expanding 1.5 per cent in the current fiscal period after a rare contraction last year. “Unless we get more revenues, forget about any incentives to boost the economy.”


Source: Pakistan Today May 07, 2021 16:52 UTC



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