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Fiscal Deficit for 9MFY20 Clocked in at PKR 1,686 billion

The Biz Update5 years ago1 year ago07 mins

Deficit down by 12 percent YoY in 9MFY20 Karachi, May 07, 2020: Pakistan’s fiscal balance in the current fiscal year to date has shown improvement over prior year, with the deficit arriving at PKR 1.7 trillion in 9MFY20 (3.8 percent of GDP) compared to PKR 1.9 trillion in 9MFY19 (5 percent of GDP), down by…

Business

Pak reports fiscal deficit at 3.8pc of GDP in 9MFY20

The Biz Update5 years ago1 year ago04 mins

Karachi, May 06, 2020: The government has reported a fiscal deficit of 3.8% of GDP (or Rs1.7trn) in 9MFY20 compared to a fiscal deficit of 5.0% of GDP (Rs1.9trn) in 9MFY19. Importantly, the primary balance during the period clocked in at 0.4% of GDP or Rs194bn (last year was -1.2% of GDP or -Rs463bn), close…