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ISLAMABAD: The International Monetary Fund (IMF) has suggested Pakistan to digitalize its budget preparation and execution processes to improve fiscal monitoring and reporting to overcome deviations from the planned budgets.
In report a technical assistance report to improve budget practice brought out this week, the international lender said Pakistan needed to take strong control over the budget in the coming years.
The report came as an IMF delegation led by Pakistan mission chief, Nathan Porter, completed a five-day trip to the country in which it discussed the performance of a $7 billion loan program approved in September. The IMF has said Porter’s visit is not part of the first review of the loan program, which is not scheduled to take place before the first quarter of 2025.
“An examination of Pakistan’s recent budgetary outcomes reveals substantial deviations from planned budgets,” the lender said in the report. “While these discrepancies are partially due to an unstable external environment and political uncertainties, the establishment of stronger fiscal institutions can help deliver a more credible budget, tighten its execution, and prevent policy slippages.”
The IMF pointed out that despite several reforms, the budget processes still involved significant manual and paper-based steps.
“Fully digitalized processes are yet to be prepared and implemented in the Financial Accounting and Budgeting System,” it said in the report. “The Finance Division has designed a data warehouse to store fiscal data and made available a set of dashboards for use by stakeholders, but this is hampered by the lack of timely data provided by some key entities. As a result, fiscal reporting is not yet comprehensive and timely.”
It added that regulatory framework and fiscal data governance practices, including data exchange, did not fully address these challenges.
The IMF also noted Pakistan’s public debt had increased considerably, and interest payments were now absorbing 60 percent of budgeted revenue.
However, it recognized that multiple external shocks and the unprecedented floods in 2022 buffeted the economy and the government’s fiscal position.
“These shocks have been compounded by policy slippages including unbudgeted subsidies, and delays in implementing revenue measures,” it continued, adding the authorities now had the difficult task of converting a primary deficit of 1.3 percent of GDP for FY23 into a primary surplus for FY24. It also emphasized continued fiscal restraint, while preserving essential social and development spending.
The international lender suggested the finance division to require line ministries to prepare their budget submissions within a binding budget ceiling and explain any request for additional resources.
“Consider a reorganization of the Finance Division to reduce fragmentation and improve effective decision-making,” the reported suggested. “Support the reorganization with a functional review of the Division’s structure and staffing.”

UNITED NATIONS: The United Nations and other international organizations are bracing for four more years of Donald Trump, who famously tweeted before becoming president the first time that the 193-member UN was “just a club for people to get together, talk and have a good time.”
In his first term, Trump suspended funding for the UN health and family planning agencies, withdrew from its cultural organization and top human rights body, and jacked up tariffs on China and even longtime US allies by flaunting the World Trade Organization’s rulebook. The United States is the biggest single donor to the United Nations, paying 22 percent of its regular budget.
Trump’s take this time on the world body began taking shape this week with his choice of Republican Rep. Elize Stefanik of New York for US ambassador to the UN.
Stefanik, the fourth-ranking House member, called last month for a “complete reassessment” of US funding for the United Nations and urged a halt to support for its agency for Palestinian refugees, or UNRWA. President Joe Biden paused the funding after UNRWA fired several staffers in Gaza suspected of taking part in the Oct. 7, 2023, attack led by Hamas.
Here’s a look at what Trump 2.0 could mean for global organizations:
‘A theater’ for a conservative agenda
Speculation about Trump’s future policies has already become a parlor game among wags in Washington and beyond, and reading the signals on issues important to the UN isn’t always easy.
For example, Trump once called climate change a hoax and has supported the fossil fuel industry but has sidled up to the environmentally minded Elon Musk. His first administration funded breakneck efforts to find a COVID-19 vaccine, but he has allied with anti-vaccine activist Robert F. Kennedy Jr.
“The funny thing is that Trump does not really have a fixed view of the UN,” said Richard Gowan, UN director for the International Crisis Group think tank.
Gowan expects that Trump won’t view the world body “as a place to transact serious political business but will instead exploit it as a theater to pursue a conservative global social agenda.”
There are clues from his first term. Trump pulled the US out of the 2015 Paris climate accord and is likely to do it again after President Joe Biden rejoined.
Trump also had the US leave the cultural and educational agency UNESCO and the UN-backed Human Rights Council, claiming they were biased against Israel. Biden went back to both before recently opting not to seek a second consecutive term on the council.
Trump cut funding for the UN population agency for reproductive health services, claiming it was funding abortions. UNFPA says it doesn’t take a position on abortion rights, and the US rejoined.
He had no interest in multilateralism — countries working together to address global challenges — in his first term. UN Secretary-General Antonio Guterres calls it “the cornerstone” of the United Nations.
A new ‘Cold War’ world?
The world is a different place than when Trump bellowed “America First” while taking office in 2017: Wars have broken out in the Middle East, Ukraine and Sudan. North Korea’s nuclear arsenal has grown, and so have fears about Iran’s rapidly advancing atomic program.
The UN Security Council — more deeply divided among its veto-wielding permanent members Britain, China, France, Russia and the US — has made no progress in resolving those issues. Respect for international law in war zones and hotspots worldwide is in shreds.
“It’s really back to Cold War days,” said John Bolton, a former national security adviser at Trump’s White House.
He said Russia and China are “flying cover” for countries like Iran, which has stirred instability in the Middle East, and North Korea, which has helped Russia in its war in Ukraine. There’s little chance of deals on proliferation of weapons of mass destruction or resolving conflicts involving Russia or China at the council, he said.
Bolton, a former US ambassador to the UN, expects Stefanik will have a “tougher time” because of the range of issues facing the Security Council.
“What had been fairly sleepy during the first Trump term is not going to be sleepy at all in the second Trump term,” he said.
The Security Council has been impotent on Ukraine since Russia’s February 2022 invasion because of Russia’s veto power. And it has failed to adopt a resolution with teeth demanding a ceasefire in Gaza because of US support for Israel.
The Crisis Group’s Gowan said Republicans in Congress are “furious” about UN criticisms of Israeli policies in Gaza and he expects them to urge Trump to “impose severe budget cuts on the UN, and he will do so to satisfy his base.”
Possible impact on UN work
The day-to-day aid work of global institutions also faces uncertainty.
In Geneva, home to many UN organizations focusing on issues like human rights, migration, telecommunications and weather, some diplomats advise wait-and-see caution and say Trump generally maintained humanitarian aid funding in his first term.
Trade was a different matter. Trump bypassed World Trade Organization rules, imposing tariffs on steel and other goods from allies and rivals alike. Making good on his new threats, like imposing 60 percent tariffs on goods from China, could upend global trade.
Other ideological standoffs could await, though the international architecture has some built-in protections and momentum.
In a veiled reference to Trump’s victory at the UN climate conference in Azerbaijan, Guterres said the “clean energy revolution is here. No group, no business, no government can stop it.”
Allison Chatrchyan, a climate change researcher at the AI-Climate Institute at Cornell University, said global progress in addressing climate change “has been plodding along slowly” thanks to the Paris accord and the UN convention on climate change, but Trump’s election “will certainly create a sonic wave through the system.”
“It is highly likely that President Trump will again pull the United States out of the Paris agreement,” though it could only take place after a year under the treaty’s rules, wrote Chatrchyan in an email. “United States leadership, which is sorely needed, will dissipate.”
During COVID-19, when millions of people worldwide were getting sick and dying, Trump lambasted the World Health Organization and suspended funding.
Trump’s second term won’t necessarily resemble the first, said Gian Luca Burci, a former WHO legal counsel. “It may be more extreme, but it may be also more strategic because Trump has learned the system he didn’t really know in the first term.”
If the US leaves WHO, that “opens the whole Pandora’s box, — by stripping the agency of both funding and needed technical expertise — said Burci, a visiting professor of international law at Geneva’s Graduate Institute. “The whole organization is holding its breath — for many reasons.”
But both Gowan and Bolton agree there is one UN event Trump is unlikely to miss: the annual gathering of world leaders at the General Assembly, where he has reveled in the global spotlight.