current affairs MCQ #6946

What is the key condition regarding provincial finances under Pakistan's IMF EFF 2024?

current affairs MCQ #6946

  1. Question 1

    Q1. What is the key condition regarding provincial finances under Pakistan's IMF EFF 2024?

    • A) Provinces must contribute to the overall fiscal surplus by meeting their own surplus targets under the National Fiscal Pact
    • B) Provinces must transfer all tax revenues to the federal government
    • C) Provinces must fully privatize their public sector utilities
    • D) Provinces are exempt from IMF conditions entirely

    Answer: Provinces must contribute to the overall fiscal surplus by meeting their own surplus targets under the National Fiscal Pact

    Explanation: The National Fiscal Pact, a key structural benchmark under the 2024 EFF, requires provincial governments to generate fiscal surpluses that contribute to the overall federal fiscal consolidation programme.