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Summary According to economists, the target going to be enforced in the coming budget was not achievable.
According to experts, the government is likely to enforce reformed general sales tax (RGST) to achieve such a big tax target for the next fiscal year.The tax revenue target for the new fiscal year is Rs 362 billion more than the target which had been set for the current fiscal year ending June.According to economists, the target going to be enforced in the coming budget was not achievable as it was against the ground realities.Economists believe that the recommendations of the Economic Advisory Council were not based on reality, and in failing to achieve the new target would only add to budget deficit woes. It will also affect the tax revenue share allocated for the provinces under the National Finance Award.
