Investors had expected the fiscal deficit
to grow to up to 6.5 percent as the government ramped up borrowing and spending to spur economic growth, from 6.2 percent in the previous year.
On the revenue side, both tax and non-tax revenues are added after deduction of provincial share in revenues to obtain federal net revenue receipts then federal fiscal deficit
Major slippages on fiscal side as per the IMF authorities may emanate from higher power sector subsidies and lower than estimated materialization of provincial surplus, which will likely bring the fiscal deficit
close to 7.0% of the GDP or PKR 3.0trn.
The details of fiscal operations released by the ministry of finance on Tuesday put the country's full year fiscal deficit
at Rs3.445tr or 8.9pc of GDP - the highest since 1979-80 as per past Pakistan Economic Surveys.
The 'consolidated' fiscal deficit
has been projected at 7.1% of the GDP.
ISLAMABAD -- In the Pakistan Tehreek-i-Insaf's first year in office, the country's fiscal deficit
in first three quarters (July-March) of the current fiscal year peaked to five per cent of GDP as expenditures broke past records and revenue performance was the lowest almost in a decade.
Keywords: ASEAN, fiscal deficit
, economic growth, Global Financial Crisis, capital accumulation.
Foreign investors will remain interested in the Indian equity market despite the populist measures announced in the interim budget 2019-20 and its subsequent impact on the fiscal deficit
New Delhi: The government has not sought funds from RBI's surplus reserves to meet fiscal deficit
, Minister of State for Finance Pon Radhakrishnan said.
The government does not need a supplementary budget for now as the country's fiscal deficit
is under control, says Deputy Finance Minister Datuk Amiruddin Hamzah.
ISLAMABAD -- Fiscal deficit
and trade deficit are collectively known as twin deficits because they often feed on each other.