Islamabad: The caretaker federal government has increased the budget deficit estimate by 14 percent.
Under the annual loan program issued by the Ministry of Finance, the supervisory federal government has increased the budget deficit estimate by 14 percent from 7.5 thousand billion rupees to 8.54 thousand billion rupees, which is 8 percent of the country’s economy. The approved budget deficit estimate has been increased by 1.03 trillion rupees, but the external debt acquisition estimate has been reduced by 6 billion dollars.
According to the report, Pakistan needs loans of 25.5 thousand billion rupees, which is 24 percent of the GDP, while for sustainable financing, this rate should not exceed 15 percent of the GDP. The estimate has been reduced from 17.7 billion dollars to 11.4 billion dollars, thus the external debt estimate has been reduced by 6.3 billion rupees, while the dependence on domestic loans has increased, and it has increased from 31 thousand billion rupees to 34.2 thousand billion rupees. are done
The Ministry of Finance has also abandoned the plan to issue 1.5 billion dollars of Eurobonds, while it has also reduced the estimate of obtaining foreign trade loans from 4.5 billion dollars to 2.5 billion dollars.
