New Delhi, Feb 3 (IANS) The 16th Finance Commission’s (FC) recommendations represent a decisive shift towards incentivising economic efficiency, strengthening local governance, improving fiscal transparency and reinforcing debt sustainability, while continuing to support higher capital spending by states, a report showed on Tuesday.The 16th FC retained the vertical devolution of Union taxes to states at 41 per cent of the divisible pool for FY2027–FY2031, in line with the 15th Finance Commis…
Latest Fiscal Transparency News & Updates
New Delhi, Dec 28 (IANS) The International Monetary Fund’s Executive Board has paradoxically approved another $1.29 billion as financial support for Pakistan despite the multilateral institution’s own report highlighting the corruption in the debt-ridden country, which is coming in the way of repaying these loans.The IMF has just released a 186-page “Governance and Corruption Diagnostic Assessment” that paints a grim portrait of Pakistan’s institutional decay.”The timing is striking: the dia…