There is a disparity between revenue and income framework in the proposed budget, said Centre for Policy Dialogue (CPD) in its budget reaction at a press conference today.
However, the economic think tank said it agreed with the budgetary goals and objectives outlined in the government's 2016-17 fiscal plan.
The organisation said boosting private investment was a big challenge for the government in the coming fiscal year as the budget had failed to mention sources of investment.
The budget was not a big budget compared to the GDP, it said.
It put forth some recommendations, including bringing more transparency in budget formulation, implementation and assessment procedures, establishing a Public Expenditure Review Commission, formulating appropriate follow up mechanisms for monitoring government tax incentives, disclosing financial accounts of state-owned enterprises including BPC and establishing transparency in government’s asset acquisition.