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A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
The budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
In February 2023, Pakistani cabinet approved 'Finance Supplementary Bill 2023' for Mini Budget. [4] The budget for FY2022-23 aimed to raise Rs. 7 trillion ($34.6 billion) in tax revenue, raise Rs. 372 billion ($1.8 billion) from Sukuk and Eurobonds, target a primary surplus of 0.2% of GDP, target a fiscal deficit of 49% of GDP and meet IMF ...
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
Pakistan's government is seen targeting a fiscal deficit of 7.7% of GDP for the 2023-24 fiscal year, a source told Reuters on Friday ahead of the finance minister's budget speech, much wider than ...
In May 2023, Pakistan's inflation rate reached 38%, surpassing Sri Lanka to become the highest country in Asia. [ 57 ] In June 2023, the Pakistani government unveiled an "Economic Revival Plan" according to which, plans on investments in key areas of production such as on agriculture, mining, Information Technology, defence and the energy ...
The Sri Lankan economy can turn around by the end of 2023 if budget policies, which are not limited to the International Monetary Fund's recommendations, are followed, President Ranil ...
2017–18 Pakistan federal budget; 2018–19 Pakistan federal budget; 2019–20 Azad Jammu and Kashmir budget; 2019–20 Pakistan federal budget; 2019–20 Punjab, Pakistan budget; 2020–21 Pakistan federal budget; 2021–22 Pakistan federal budget; 2022–23 Pakistan federal budget; 2023–24 Azad Jammu and Kashmir budget; 2023–24 Pakistan ...