NFC

E828278

The National Finance Commission (NFC) is a constitutional body in Pakistan responsible for periodically determining the distribution of financial resources between the federal government and the provinces.

All labels observed (1)

Label Occurrences
NFC canonical 2

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf constitutional body
fiscal commission
beneficiaryEntities Province of Balochistan
Province of Khyber Pakhtunkhwa
linked to: Khyber Pakhtunkhwa

Province of Punjab
Province of Sindh
federal government of Pakistan
chairperson Federal Minister for Finance of Pakistan
composition federal finance minister
other members nominated by the President of Pakistan
provincial finance ministers
constitutionalArticle Article 160 of the Constitution of Pakistan
constitutionalBasis Constitution of Pakistan
country Pakistan
establishedBy Constitution of Pakistan 1973
focus fiscal federalism in Pakistan
intergovernmental fiscal transfers
fullName National Finance Commission
jurisdiction Government of Pakistan
keyInstrument NFC Award
languageOfWork English
Urdu
legalStatus permanent constitutional body
levelOfGovernment federal
locatedIn Islamabad
meetingFrequencyRequirement at intervals not exceeding five years
meets periodically
primaryFunction vertical distribution of revenues between federation and provinces
relatedConcept federal divisible pool
provincial share in federal taxes
revenue sharing formula
relatedTo Finance Division (Ministry of Finance) Pakistan
reportsTo President of Pakistan
responsibility advise on borrowing powers of federal and provincial governments
consider grants-in-aid to provincial governments
consider measures to augment provincial revenues
determine distribution of financial resources between federal government and provinces
make recommendations on allocation of net proceeds of specified taxes
recommend award of National Finance Commission Award (NFC Award)
review and revise revenue sharing formula between federation and provinces
secondaryFunction horizontal distribution of revenues among provinces
shortName NFC
subjectArea intergovernmental relations
public finance

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

National Finance Commission (Pakistan) shortName NFC
subject linked to: NFC