Islamabad: In Pakistan, which is facing economic crisis, preparations are going on to increase the defence upkeep for the next financial year. According to media reports, the government may increase defence expenditure by well-nigh 100 billion Pakistani rupees. This visualization has come at a time when Pakistan is largely dependent on the loan from the International Monetary Fund (IMF) to manage its economic condition.
How much can the new defence upkeep be?
Pakistan is preparing to increase its defence expenditure next year. According to the report of Dawn newspaper, the country's defence upkeep can reach 2.66 lakh crore Pakistani rupees in 2026-27. In the current financial year this icon is virtually Rs 2.56 lakh crore. That ways the government is going to spend increasingly money on the defence sector than before.
What did IMF say on Pakistan's earnings?
IMF estimates that Pakistan's total federal income in the next financial year could be Rs 17.14 lakh crore. This is well-nigh Rs 2 lakh crore increasingly than the current year. The government is preparing a new upkeep based on this estimate. This ways that the income is expected to increase by Rs 2 lakh crore, while the defence upkeep is moreover going to increase by well-nigh Rs 10,000 crore. These figures have come at a time when Pakistan is under IMF program and is trying to manage security expenditure withal with economic reforms.
Will government payments in Pakistan be completely digital?
The report said that Pakistan has promised to digitalize all government payments at the Center and states by June 2027. It is believed that this will try to reduce self-indulgence and make the government system increasingly transparent.
What steps will be taken to stop corruption?
Under the IMF-backed reform program, the Government of Pakistan will identify by the end of this year the 10 government institutions most prone to corruption. Special inspect of these institutions will be conducted. Besides, a plan is moreover stuff made to remoter strengthen anti-corruption agencies.
How bad is the economic condition of Pakistan?
According to the report, a large population in Pakistan is suffering from financial crisis. Apart from those living in lattermost poverty, well-nigh 40 percent of the population is considered to be extremely economically weak. Meanwhile, an IMF team is on a visit to Pakistan and is reviewing the progress of economic reforms.
