Search For "tax to gdp ratio"
India's tax-to-GDP ratio mirrors major economies as structural reforms dri
Updated : 3 months, 1 week ago IST
A report from Bank of Baroda highlights that this gap represents a significant policy opportunity, as India possesses larger potential due to favourable demographics. The report notes that more efforts are being directed towards holistic tax reforms, including simplification, rationalisation
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Pakistan's "fake tax boom" exposed as system remains broken
Updated : 6 months ago IST
Despite higher tax filings and a 15.7% tax-to-GDP ratio, Pakistan's taxation system remains weak. Many returns report zero income, salaried workers bear the largest burden, and exemptions weaken revenue. Experts say real progress requires genuine compliance, broader taxation of the wealthy a
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Pakistan's debt burden and fiscal challenges: Report
Updated : 1 year, 11 months ago IST
The government has been grappling with an unsustainably high fiscal deficit, averaging 7.3 per cent of economic output over the past five years, leading to a staggering national debt of PKR 78.9 trillion.
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IMF projects Pakistan's fiscal gap to widen to 7.4pc of GDP
Updated : 2 years ago IST
Projecting stagnant tax-to-GDP ratios over the next five years, the IMF estimated the figure, which is almost 1 per cent higher than 6.5 per cent target set by the federal government.
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Pakistan: Curbing illicit tobacco trade a key condition for funding by IMF
Updated : 2 years, 1 month ago IST
Experts said Pakistan has a strategic window to meet International Monetary Fund (IMF) conditions, boost tax collection, and notably increase the tax-to-GDP ratio by curbing illicit trade in the tobacco sector, The Express Tribune reported.
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SBI report projects fiscal deficit at 5.5 per cent of GDP for FY25; gross
Updated : 2 years, 3 months ago IST
The Economic Research Department of the State Bank of India (SBI) has released a comprehensive research report forecasting the fiscal scenario for the upcoming financial years.
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ADB advises Pakistan to provide targeted subsidies, enhance tax-to-GDP rat
Updated : 2 years, 12 months ago IST
ADB Director General, Central and West Asia Department Yevgeniy Zhukov and Country Director Pakistan Resident Mission Yong Ye stressed on the importance of targeted subsidies to assist downtrodden segments of the society and effective mobilization of domestic resources to help improve the ec
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