Senate Panel Flags PKR 19tn Govt Expenditure, Urges Fiscal Cuts

The Senate Standing Committee on Devolution voiced serious concerns over the federal government's expanded administrative structure, now 31 ministries, and its "meddling" in 17 devolved subjects. This has pushed federal expenditure to PKR 19,000 billion, nearly matching the nation's total revenue. The committee advocated capping spending at PKR 13,000 billion, including debt servicing, to save PKR 5-6 trillion and reduce reliance on loans. Fiscal reforms and expenditure control could bolster the Pakistani Rupee, potentially influencing local gold and silver rates.

بحوالہ / Source: www.brecorder.com