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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 Page 64
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