Pak budget deficit, tax collection to improve: IMF
Share:ISLAMABD - The International Monetary Fund (IMF) has estimated that Pakistan’s budget deficit, tax collection and debt would improve in the current fiscal year. Pakistan’s budget deficit, difference between the expenditures and revenues, is projected at 4.8 percent for the ongoing financial year (FY23) as compared to 7.8 percent in FY22, according to the IMF’s latest report, ‘Fiscal Monitor 2022’. The budget deficit is estimated to reduce to 4.1 percent in the next fiscal year. According to the report, the primary budget would remain in surplus of 0.2 percent in FY23, which was in deficit of 3 percent in the previous fiscal year. The government’s gross debt to GDP is projected from 77.8 percent in FY22 to 71.1 percent in FY23.
Source: The Nation October 13, 2022 05:14 UTC
