On the other hand, this is the type of skullduggery Pakistan's financial planners routinely indulge in and IMF (and others) doesn't like:
IMF unimpressed by plan to contain Rs952b circular debt
Lender seeks tariff measures against unbudgeted subsidies
|The Power Division prepared the revised plan to eliminate the Rs975 billion circular debt that it had now projected as against the earlier commitment to the IMF to keep the flow zero. However, the plan did not pass through the IMF scrutiny due to faulty assumptions and heavy reliance on getting Rs675 billion more subsidies.|
This is a common problem in Pakistan's budgets. Unwarranted assumptions and random 'subsidies' inserted just to balance the books. Sometimes there is internal contradiction as the subsidy is unbudgeted anywhere else. i.e., it is manna from heaven. Generally, for a careful reader, it is obvious that it is not a serious document but something that has been put together quickly to satisfy someone and get the cash flow started.