Pakistan made 'meaningful' progress in fiscal federalism, but deviations remain: WB

Pakistan has made “meaningful” progress on fiscal federalism since 2010; however, deviations from “international norms” and “good practices” remain, including in the current federal–provincial transfer arrangements, the World Bank said in a report released on Tuesday. In its report titled “Strengthening Fiscal Federalism in Pakistan”, the WB highlighted four critical dimensions in which Pakistan lacked in terms of fiscal federalism. “First, expenditure assignments remain incompletely implemen...

By none@none.com (News Desk)