Investor Presentaiton
Chapter VII - Impacts of COVID-19: Fiscal Pressures and Healthcare Deficit
Priorities for Budget 2020-21
With a very unstable economic situation for the country and the Province, budget priorities had to be reviewed and aligned with the current
ground realities. Additional fiscal space is required for the Health, Disaster Management & Social Protection during the next financial year.
Higher Revenue generation would be focused primarily through improvements to administrative efficiency. There would be greater emphasis
on Austerity measures to create space for necessary Development and Non-Development expenditures. Therefore, following are some of the
major areas of focus for Budget 2020-21:
1. Improvements in conditions for revival of various sectors of economy to minimise impacts of un-employment and layoffs with special
focus on Micro, Small & Medium enterprises (MSMEs).
2.
Efforts to increase the Provincial Tax revenues by broadening the tax base as per current structures through efficient enforcements
by revenue collection departments.
3. Implementation of strict Austerity measures.
4.
Efforts for recovery of pending receivables of Punjab as discussed in Chapter 2.
5. Privatization of provincial owned companies/assets.
viii https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020
https://www.pide.org.pk/pdf/PIDE-COVID19-EBook.pdf
https://www.thenews.com.pk/print/633754-forecast-of-covid-19-pakistan-may-face-12-3m-to-18-53m-lay-offs
ix IMF Country Report No. 20/114 (IMF document on Rapid Financing Instrument)
x ibid
xi
https://openknowledge.worldbank.org/bitstream/handle/10986/33634/COVID-19-Crisis-Through-a-Migration-
Lens.pdf?sequence=5&isAllowed=y
xii https://www.pide.org.pk/pdf/PIDE-COVID19-EBook.pdf
https://www.thenews.com.pk/print/633754-forecast-of-covid-19-pakistan-may-face-12-3m-to-18-53m-lay-offs
xiii http://www.pbs.gov.pk/sites/default/files//industry_mining_and_energy/qim/2020/qim_web_note_mar-2020.pdf
xiv https://mettisglobal.news/unemployment-in-pakistan-to-rise-in-fy21-even-after-combating-covid-19-successfully
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