Pakistan's fiscal deficit in six months stands at 2.5% of GDP
Pakistan's fiscal deficit stood at 2.5% of the GDP in 2020 as compared to 2.3% in 2019.
LAHORE (Dunya News) – The fiscal deficit of Pakistan in six months, ended in December 2020, stood at 2.5% of the GDP as compared to 2.3% in 2019.
According to details, the government released amount of Rs 1475 billion under the head of mark-up payments. In the same period last fiscal year, mark-up payments stood at Rs 1281 billion.
Amount released for defense expenditure stood at Rs 487 billion in six months, ended in December 2020. During the same period last year, defense expenditure was around Rs 529 billion.
Petroleum levy collection in six months was almost doubled. In the six months till December 2020, PL was Rs 275 billion vs Rs 137 billion collected in the same period last year.
SBP profits declined by 12.7% to Rs 372 billion in the six months ended December 31, 2020.
To bridge the fiscal deficit, external borrowing amounted to Rs 454 billion in six months of 2020. To bridge the fiscal deficit, external borrowing amounted to Rs 513 billion in six months of 2019.
Domestic borrowing in six months of 2020 was at Rs 683 billion vs Rs 481 billion borrowed last year.
