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Aspects of Fiscal Policy and Resource Mobilization in Pakistan

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  • STEPHEN R. LEWIS, JR

    (Pakistan Institute, of Development Economics,Karachi.)

Abstract

The meaning of "domestic rellouroe mobilization" has become oentred 'on two major statistics: the share of saving and the share of tax revenue in G.N.P. This rather specific and narrow view of "resource mobilization" has led to a variety of results, most of them unhealthy from the point of view of designing meaningful economic policy to promote economic development. Development is identified with capital formation; capital formation is attributed to saving; and, with the government undertaking an increasing share of the leadership in promoting development, saving has become identified with government saving, which is, in turn, identified with increased taxation.

Suggested Citation

  • Stephen R. Lewis, Jr, 1964. "Aspects of Fiscal Policy and Resource Mobilization in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 4(2), pages 261-282.
    • Handle: RePEc:pid:journl:v:4:y:1964:i:2:p:261-282
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