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Fiscal Marksmanship in Pakistan: With Special Focus on Province Khyber Pakhtunkhwa

Author

Listed:
  • Tariq Khan

    (Federal Urdu University of Arts Science and Technology Islamabad.)

  • Anwar Hussain

    (University of Swat)

  • Zalakat Khan Malik

    (University of Peshawar, Pakistan.)

Abstract

The present study aims to analyze the state of fiscal marksmanship in using annual time series secondary data. The findings revealed that the budgetary forecast in Pakistan at the federal level and provincial level in Khyber Pakhtunkhwa was inefficient andalso the main component of errors was random. The budgetary forecast was not based on the rational expectation hypothesis and the budgetary efficiency deteriorated overtime at both federal and provincial level i.e. Khyber Pakhtunkhwa. Based on the study,it is recommended that the government should be realistic and must avoid under/over-estimation of budgets to achieve fiscal targets.

Suggested Citation

  • Tariq Khan & Anwar Hussain & Zalakat Khan Malik, 2018. "Fiscal Marksmanship in Pakistan: With Special Focus on Province Khyber Pakhtunkhwa," Pakistan Journal of Economic Studies, Department of Economics, The Islamia University of Bahawalpur, Pakistan., vol. 1(1), pages 21-43, June.
    • Handle: RePEc:akw:iupjes:v:1:y:2018:i:1:p:21-43
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    File URL: https://journals.iub.edu.pk/index.php/pjes/article/view/321/2
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    File URL: https://journals.iub.edu.pk/index.php/pjes/article/view/321
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    More about this item

    Keywords

    Marksmanship; Budgetary Errors; Revenues; Expenditures; Rational Expectation Hypothesis; Budgetary Efficiency.;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • H27 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other Sources of Revenue

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