by Asad Sayeed and Kabeer Dawani
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| Two rupee coin by Rehman Chughtai |
In the last week of October, an event was
hosted by a multilateral organization in collaboration with a local think tank
to discuss ‘The Political Economy of the Budget.’ The invite was a pleasant
surprise for two reasons. First, it is
unusual in Pakistan to come across a seminar with the ‘political economy’
prefix as part of it. Budgets are especially amenable to political economy
analysis given the explicitly political nature of resource allocations and
revenue collection. Second, seminars and discussions on the budget generally
begin in the second quarter of the year. Debating budget related issues so
early in the fiscal year is also a welcome initiative.







