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About: National Finance Commission Award     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Transaction101106808, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Act100030358yago:Commerce101090446yago:CommercialEnterprise101094725yago:Event100029378yago:Finance101098698yago:GroupAction101080366yago:PsychologicalFeature100023100yago:WikicatGovernmentFinancesInPakistanyago:YagoPermanentlyLocatedEntitytelevision showyago:Transaction101106808 New Facet based on Instances of this Class

The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. As per Constitution, the program awards the designs of financial formulas of economic distribution to provincial and federal government for five consecutive years. All together, a total of seven awards has been reimbursed since its emergence in 1951, by Prime Minister Liaquat Ali Khan. Stipulations and directions mentioned by the Constitution, the provisional governments and federal government competes to ge