financial year.
This appears to be a matter of considerable concern. The debt servicing is now the largest charge on the government’s current expenditure.The problems in sectors like education, health and other civic amenities have remained unresolved. It is in this area that the provinces have to apportion their share of blame. These subjects deserve much more focused attention both at the Federal and the provincial level.
Every year, the government sets broad economic targets and initiates measures, especially in the budget, to create conducive atmosphere for their attainment. Lagging behind a number of targets itself raises fundamental questions. When the National Economic Council was fixing the growth target for the next financial year, the Prime Minister is reported to have emphasised upon its achievement.
In essence, two basic things look necessary. The economic targets that are set every year should be more realistic and less ambitious. Their monitoring should be strengthened and policy changes brought about when and where necessary. Hopefully, the story of missed economic targets will not be repeated.
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