The interim government is set to slash the development budget for the fiscal year (FY) 2025-26 by 14 percent year-on-year, as it struggles with limited fiscal space and steers away from costly mega-projects.
The National Board of Revenue (NBR) yesterday said there was no scope to reduce corporate or individual tax rates in the budget for the upcoming fiscal year, a stance that businesses opposed.
"Rather, we want a non-discriminatory tax regime for all sectors.”
CPD’s emphasis on macroeconomic stability amid LDC graduation concerns
Restoring macroeconomic stability should be the top priority for policymakers amid a challenging environment for the interim government, the Centre for Policy Dialogue (CPD) wrote in its budget recommendations yesterday.
The interim government is set to slash the development budget for the fiscal year (FY) 2025-26 by 14 percent year-on-year, as it struggles with limited fiscal space and steers away from costly mega-projects.
The National Board of Revenue (NBR) yesterday said there was no scope to reduce corporate or individual tax rates in the budget for the upcoming fiscal year, a stance that businesses opposed.
"Rather, we want a non-discriminatory tax regime for all sectors.”
CPD’s emphasis on macroeconomic stability amid LDC graduation concerns
Restoring macroeconomic stability should be the top priority for policymakers amid a challenging environment for the interim government, the Centre for Policy Dialogue (CPD) wrote in its budget recommendations yesterday.
