Fiscal space
Fiscal space
CREATING FISCAL SPACE
SNG supports provincial governments in enhancing fiscal space through
- Tax policy and administration reforms and
- Efficiency savings in government expenditure.
Critical support areas include:
Helping Develop Revenue Mobilisation Strategies and Plans
That provide the provinces a comprehensive and consistent framework for effective revenue effort
Focus on Specific Taxes
Urban Immovable Property Tax (UIPT), Motor Vehicle Tax (MVT), Sales Tax of Services, etc.
Engaging at the Right Level
Tax Policy Units and Resource Mobilisation Committees
Reforming Institutional Capacity
- Reforming tax laws: UIPT; Excise Duty Act; Sales Tax on Services,
- Improving Risk-Based Tax Audit capability
Mainstreaming the use of IT
Mainstreaming IT use in Excise and Taxation Departments and Provincial Revenue Authorities, through:
- Data integration across governments, departments, and open sources
- GIS-based property tax valuation
- E-payment of government dues
Pension Reform in Punjab
- A major reform of the existing defined benefit scheme saved billions
- Designing a defined Contribution scheme for future recruits, making pension sustainable
Treasury Single Account in KP
SNG supported the KP Government in putting in drafting a Treasury Single Account Policy and consolidating scattered funds lying in 100s of dormant commercial accounts, saving significant borrowing costs.
SNG Supports the KP Government to Legislate for Better Service Delivery
“SNG supported the KP Government in passing critical five laws, in less than 3 years, to improve public resource management for better service delivery”
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