Minister of State for Production Khawaja Sheraz Mahmood while answering a question in Senate said that‚ the government is focusing to maintain the economic stability acceleration through various reforms in an effort to follow self-reliance.
He said it also include a strategy to reduce fiscal deficit by introducing austerity measures eliminating general subsidies‚ restructuring of public sector enterprises and resolving the issue of circular debt.
To another question‚ the Minister said that the tax-GDP ratio during the last financial year was 9.2 percent which was the highest during the last four years. He said the estimated share of taxes in the GDP set for the current financial year is 10.1 percent.
AHH:(
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