{"id":12413,"date":"2023-10-09T10:24:05","date_gmt":"2023-10-09T10:24:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/world-bank-advises-cut-in-govt-expenditure\/"},"modified":"2023-10-09T10:24:05","modified_gmt":"2023-10-09T10:24:05","slug":"world-bank-advises-cut-in-govt-expenditure","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/world-bank-advises-cut-in-govt-expenditure\/","title":{"rendered":"World Bank advises cut in govt. expenditure"},"content":{"rendered":"
\n
\n

ISLAMABAD: The World Bank has expressed its reservations over Pakistan\u2019s state expenditures of 1124 billions, citing sources ARY News reported on Monday.<\/strong><\/p>\n

According to sources, WB has advised cut in various subsidies to save money adding that 167 billion rupees can be saved from the Tariff Differential Subsidy (TDS).<\/p>\n

The bank also pointed out that Rs. 20 bln can be saved with complete withdrawal of subsidy on tubewells or cutting it down.<\/p>\n

The lender has also demanded gradual decrease in funds allocated for the devolved ministries, sources said. \u201cThus, the federal government could save as much as 328 billion rupees\u201d.<\/p>\n

The World Bank has also advised addition of provincial share in Benazir Income Support Program (BISP) expenses. \u201cWith provincial share federal government could save as much as 217 billion rupees\u201d.<\/p>\n

The government also funding in programs providing services in provinces, it could save 315 billion rupees by redefining its expenditure, the bank said.<\/p>\n

\u201cIt could also save seven billion rupees with cancellation of wheat support price subsidy,\u201d the bank added.<\/p>\n<\/div>\n<\/div>\n