The FY23 budget will be released soon! Tough changes must be made to overcome present obstacles

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FY23 IMF budget would determine the fate of future inflation rates and the status of Pakistan’s economy; a budget meeting is set for June 10th, Friday.

Deflationary measures are expected to be included in the FY23 budget, as IMF assistance may be withdrawn if these tough monetary and fiscal conditions are not met. Energy and tax improvements are also anticipated in the budget, but unless implemented gradually, the current inflation rate would skyrocket. According to Zafar Securities, the budget would feature some atypical alternatives, such as an emphasis on reducing current spending rather than generating revenue.

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