Pakistan Institute of Development Economics

P & R Vol.2 Issue 7
Critical Evaluation of Pakistan’s Budget Making Process
Publication Year : 2021

The budget of a country depicts the picture of its financial, fiscal, economic, social, and welfare objectives. It also gauges the policies of the government; both in the domestic arena and international domain. It projects a vision for the future of its people. The decisions made in the budget and their allocations accordingly have a strong influence on the socio-economic outlook of the society. Unfortunately, the budget process in Pakistan is mostly off-track and take a detour via bureaucracy, excluding the factor of inclusiveness. Many experts and think-tanks have been raising the flaws in the budget process for many years. Though, there is mum for quite some time on the issue; eventually getting the issue of the agenda. Therefore, there is a need to keep the issue alive on the policy radar.