Supplementary grants hit record amid ‘austerity’

• Parliament okays Rs9.4tr in expenditure overruns, five times higher than amount approved a year ago
• 86pc of these grants, worth over Rs8tr, booked against last 45 days of FY23 alone
• Massive chunk of Rs6.55tr attributed to govt borrowing

ISLAMABAD: As parliament authorised the federal government on June 28 to impose over Rs1.7 trillion in additional taxes for the current fiscal year, it was also compelled to retrospectively approve a record Rs9.4tr for expenditure overruns and re-appropriations...