Articles

  • 5 days ago | ictd.ac | Max Gallien |Umair Javed

    Each successive federal government budget reaffirms the scale of Pakistan’s fiscal crisis. This year’s was no different. With debt-servicing and pension payment requirements consuming over half of the federal government’s expenditure and a tax-to-GDP ratio languishing at just over 10 per cent — well below countries at similar income levels — the budget exercise is largely an exercise in harnessing revenue.

  • 6 days ago | dawn.com | Max Gallien |Umair Javed

    EACH successive federal government budget reaffirms the scale of Pakistan’s fiscal crisis. This year’s was no different. With debt-servicing and pension payment requirements consuming over half of the federal government’s expenditure and a tax-to-GDP ratio languishing at just over 10 per cent — well below countries at similar income levels — the budget exercise is largely an exercise in harnessing revenue.

  • 2 months ago | dawn.com | Umair Javed |Max Gallien

    THE last few years have proven to be immensely difficult for low-income households in Pakistan. High rates of inflation and low economic growth have exacerbated poverty and heightened the importance of redistributive welfare mechanisms. One such mechanism practised widely across Pakistan, and the Muslim world in general, is zakat. Zakat constitutes an annual payment amounting to approximately 2.5 per cent of wealth held by an individual and represents one of the five pillars of Islam.

  • 2 months ago | theghanareport.com | Max Gallien |Martin Hearson |Mary Abounabhan |Grace Tsotsoo Quaye

    The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement.

  • 2 months ago | ictd.ac | Max Gallien |Martin Hearson |Mary Abounabhan

    The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement. The finance minister, Cassiel Ato Forson, acknowledged that key International Monetary Fund performance targets would be missed and announced drastic spending cuts. However, most Ghanaians just wanted to know whether the minister would announce the scrapping of the country’s electronic transfer levy (or e-tax), as he’d indicated he would.

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