Is More Taxation Really The Road To Prosperity? - Pakistan Live News
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Is More Taxation Really The Road To Prosperity? - Pakistan Live News
The conventional view in Pakistan’s policy circles is that a higher tax-to-GDP ratio is essential for achieving faster and more sustainable economic growth. This would certainly support growth if part of the increased revenue is used to reduce the budget deficit, thereby limiting the rise in the public debt-to-GDP ratio and the debt servicing burden. As a result, more fiscal space could be created for growth-promoting spending on key services an…
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