IMF Representative Esther Perez has expressed reservations about the proposed budget recommendations for the upcoming fiscal year in Pakistan.
In a statement issued by Esther Perez, it has been said that the budget recommendations have missed the opportunity to broaden the tax net, and resources have been reduced for the Benazir Income Support Program (BISP).
IMF Representative Esther Perez stated that there has not been a fair reduction in expenditures incurred from tax revenues, and better planning could have been done for the BISP by cutting down on expenses.
The IMF representative further stated that better planning could have been done for developmental projects.
They further stated that the IMF is strongly opposed to the new tax amnesty scheme, as measures like amnesty schemes are not conducive to the economy.
