Launch Event: Roadmap to Fiscal Sustainability

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you-tube

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2RHk_81AxlQ

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A Roadmap to Fiscal Sustainability

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Launch Event on Roadmap to Fiscal Sustainability as part of the Pakistan Federal Expenditure Review 2023.

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Pakistan’s general government deficit in Fiscal Year 2022 was the highest recorded in over two decades. Large and growing levels of fiscal deficits and public debt contribute to macroeconomic volatility, crowding out public and private investment, and negatively impacting long-term economic growth. The latest Pakistan Federal Public Expenditure Review (PER) from the World Bank reports on key drivers of Pakistan’s fiscal deficits – and ways for the government to regain fiscal and debt sustainability. The World Bank and Tabadlab are hosting a panel with the authors of the report to discuss these questions and unpack the findings and recommendations from the PER. Panellists: 1. Qurat ul Ain Hadi - Governance Specialist, The World Bank 2. Adnan Ashraf Ghumman - Senior Economist, The World Bank 3. Florian Blum - Senior Economist, The World Bank 4. Derek Chen - Senior Economist, The World Bank Moderated by Zeeshan Salahuddin, Director at Tabadlab’s Centre for Global and Regional Connectivity. To learn more, you can read and download the full report here: https://www.worldbank.org/en/country/pakistan/brief/pakistan-federal-public-expenditure-review-2023 #Pakfiscalcrisis #PER2023 Chapters 00:00 Introduction 07:04 What is federal-level public expenditure? 12:00 How is the situation around Pakistan's fiscal deficit this year? 15:06 Are there any complexities for the institutes making fiscal policy in Pakistan? 18:20 What is the magnitude of the fiscal impact that state-owned enterprises ensuing losses have on Pakistan's GDP? 20:48 Are there any lessons that state-owned enterprises ensuing losses can learn from revenue-generating state-owned enterprises? 26:36 What are some of the short-term steps that can immediately reduce the fiscal impact? 31:31 Is federal government spending rigid and damaging for a country? 36:05 How to generate fiscal savings in the short-medium term? 41:36 How to mitigate the risks of Pakistan's debt? 45:09 Is it possible to manage the maturity profile of Pakistan's public debt in the short to medium term? 47:03 What are some of the ways Pakistan can have a comprehensive and integrated debt management strategy? 51:37 What are some of the factors that cause losses in the National Highway Authority and how to mitigate them? 54:08 How can Pakistan improve sales tax? 58:27 Is it possible for Pakistan to achieve international benchmarks by learning from other countries' successful cases?

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yes

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3969

lastUploadedDate

2023-04-14T07:05:40Z