The NFC should evolve beyond a tool of political consensus into a mechanism that promotes fiscal discipline and incentivises provinces to collect and spend resources efficiently.
Listen to article 1x 1.2x 1.5x
The inaugural session of the newly constituted 11th National Finance Commission (NFC) has been delayed, yet again, amid a downward revision in the economic growth forecast for the current fiscal year.
Established on August 22 to give a fresh award for the sharing of federal divisible resources among the Centre and provinces. The first meeting of the commission was called for Aug 27, which was first postponed to Aug 29 and then to November 18.
The maiden session was expected to spotlight the debate on Pakistan’s resource-sharing framework, for which the federal government had summoned provincial representatives, even as the 27th Constitutional Amendment raised fresh questions about the future of fiscal federalism.
Both developments have revived a long-delayed conversation: why hasn’t the NFC delivered for a strengthened so
Continue Reading on Dawn
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.