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Summary Government failed to meet revenue target due to floods, poor law and order and defective policies.
Growth, according to economic survey of the current financial year, remained at 2 percent instead of projected 4 percent.The growth rate was projected to be 4 percent in the previous budget. The budget deficit is feared to be up to six and a half percent in the next budget.FBR is also poised to miss even the revised target of tax revenues. Between July and April, only Rs 11.56 billion could be recovered in tax revenues.The inflation could also rise to 15 percent.
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