Tag: fiscal deficit
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Pakistan’s fiscal deficit lowers by 9.5% in first quarter
KARACHI: Pakistan’s fiscal balance in the outgoing first quarter of 2021/2022 posted a deficit of PKR 438 billion, -9.5 per cent YoY lower than prior year’s deficit, according to data released by the finance ministry on Tuesday. In terms of per cent GDP, the deficit arrived at 0.8 per cent in 1QFY22 compared to 1.1…
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Pakistan’s budget deficit shrinks to 7.1% in FY21
KARACHI – Pakistan’s fiscal performance for the fiscal year 2020/2021 has shown encouraging signs as the budget deficit has reduced to 7.1 percent of the GDP compared to 8.1 percent in the preceding fiscal year.
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Pakistan’s fiscal deficit narrows in nine months
ISLAMABAD: Pakistan’s fiscal deficit has narrowed to 3.6 percent of the GDP during first nine months (July – March) of the current fiscal year as compared with the deficit of 3.8 percent in the corresponding months of the last fiscal year, according to data released by the finance ministry on Thursday. According to commentary of…
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Finance ministry hopes achieving annual fiscal targets
ISLAMABAD: The finance ministry is hopeful of achieving annual fiscal targets as half year (July – December) 2020/2021 fiscal position indicates that it will remain on track in the remaining half. The ministry of finance on Monday issued Mid-year Budget Review Report for Fiscal Year 2020/2021. The finance division said that the fiscal consolidation measures…
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Budget deficit widens to 2.5 percent in first half: finance ministry
ISLAMABAD: The budget deficit has widened to 2.5 percent of the GDP during first half (July – December) of the current fiscal year 2020/2021 as compared with the deficit of 2.3 percent in the corresponding half of the last fiscal year, according to statistics released by the ministry of finance on Wednesday. According to the…
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Pakistan’s fiscal deficit narrows to 8.1 percent in FY20
KARACHI: Pakistan’s budget deficit narrowed to 8.1 percent in FY20 (2019/2020) as compared with the deficit of 8.9 percent in the preceding fiscal year, according to statistics released by the ministry of finance on Wednesday. Analysts Topline Securities said that as the deficit is lower than the 9.1 percent of GDP envisaged by the government…
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Fiscal deficit contracts at 3.8pc in first nine months
ISLAMABAD: The fiscal deficit has contracted at 3.8 percent during first nine months of current fiscal year. The budget deficit was 5 percent in the same moths of the last fiscal year. Analysts at Topline Securities said that importantly, the primary balance during the period clocked in at 0.4 percent of GDP or Rs194 billion…
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Fiscal deficit narrows at 2.3% in first half 2019/2020
KARACHI: The ministry of finance on Friday said that the fiscal deficit narrowed at 2.3 percent of the GDP during first half (July – December) 2019/2020 as compared with 2.7 percent in the corresponding half of the last fiscal year. Analysts at Topline Securities said importantly though, the primary balance during the period clocked in…
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Fiscal deficit balloons to record 8.9 percent in 2018/2019
Pakistan’s fiscal deficit surged to an unprecedented level of 8.9 percent of Gross Domestic Product (GDP) during the fiscal year 2018-2019, as per the latest data released by the federal finance ministry on Tuesday.
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Budget 2019/2020: Rs5,550 billion tax collection target set to reduce fiscal deficit
ISLAMABAD: State Minister for Revenue Muhammad Hammad Azhar on Tuesday said that the government has set a challenging target of Rs5,550 billion revenue collection target for Federal Board of Revenue (FBR) in order to reduce the fiscal deficit. Presenting budget for fiscal year 2019/2020 on floor of house, the state minister said that by reducing…
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