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Unlocking foundational revenue

18 0
03.12.2024

I often explain the idea of a three tiered federation as a three storied structure. Just as a structure would not be stable without a solid foundation, we cannot build a system of governance that works without addressing the fundamental reasons for the need of a government i.e. the basic services to the citizen. As Punjab, the only province without elected local governments, embarks on the ambitious journey of establishing yet another local government system, it is imperative to address the elephant in the room: economic sustainability. Pakistan is a resource-starved country grappling with severe fiscal challenges at all levels. In this context, the potential of local governments to generate their own revenue and explore financial tools that can facilitate municipal infrastructure and services is not just an option but a necessity.

Pakistan’s current economic predicament demands innovative solutions. The fiscal constraints we face are not merely numbers on a balance sheet; they translate into real-world challenges in governance and public service........

© Profit


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