Energy subsidy being majorly contributing to current expenditure is impacting the fiscal deficit highly so, an optimal level is required. The policy of energy subsidy is to improve the welfare losses of poor hence in case of Pakistan it is not increasing the welfare of poor rather benefiting the riches and contributes to fiscal deficit burden of Pakistan. For this analysis of most recent energy policy is required.
Muhammad Junaid
Finding the optimal level of energy subsidy involves a comprehensive analysis of economic, environmental, and social factors. This process includes assessing the impact of subsidies on energy consumption, production costs, and the overall economy. Utilizing econometric models and conducting cost-benefit analyses can help determine the subsidy level that maximizes welfare while minimizing negative externalities. It's also essential to consider the long-term sustainability of subsidies and their alignment with national energy goals. For the most recent energy subsidy policies in Pakistan, you can refer to government publications, official announcements from the Ministry of Energy, and reports from relevant organizations such as the Pakistan Bureau of Statistics or international bodies like the International Monetary Fund (IMF) and the World Bank. Accessing these documents might require visiting official government websites, consulting energy sector reports, or using databases like those provided by academic institutions and policy research organizations.
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