{"id":59208,"date":"2019-12-30T13:09:30","date_gmt":"2019-12-30T08:09:30","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59208"},"modified":"2020-02-07T15:28:16","modified_gmt":"2020-02-07T10:28:16","slug":"govt-debt-falls-to-84-7-of-gdp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-debt-falls-to-84-7-of-gdp.html","title":{"rendered":"Govt debt falls to 84.7% of GDP"},"content":{"rendered":"

Islamabad: The government’s general debt indicators have declined from 88% to 84.7% of GDP \u2014 after accounting for international guarantees and the funds borrowed from the International Monetary Fund (IMF), a news source reported.<\/p>\n

According to the information available, a recently published IMF report noted that the decline came about as a result of some of the government\u2019s smart initiatives which helped reduce expenditure, brought about a budget surplus, and raised the tax and non-tax revenue during the first five months of this fiscal year.<\/p>\n

Read:\u00a0Pakistan repays USD 1 billion in foreign debt<\/a><\/p>\n

The government also improved on budget execution in the first quarter of the fiscal year 2019-20, registering a surplus of 0.6% of the GDP and an overall deficit of 0.6%; nearly 1% of the GDP better than programmed.<\/p>\n

This state of affairs came about as a result of the expected non-tax revenues and the double-digit growth in tax revenue net of refunds.<\/p>\n

Read:\u00a0IMF to release USD 500 mn as 2nd loan instalment: Hafeez Sheikh<\/a><\/p>\n

However, the IMF report did note that in FY19, the budget registered a primary deficit of 3.5% of the GDP and an overall deficit of 8.9%, against its target of 1.8% and 7%, respectively.<\/p>\n

The revenue collection at the federal level was also relatively low, at just 2% of the GDP. This was lower than expected, although the total expenditure and provincial fiscal balances were recorded at being on their expected levels.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: The government’s general debt indicators have declined from 88% to 84.7% of GDP \u2014 after accounting for international guarantees and the funds borrowed from the International Monetary Fund (IMF), a news source reported. According to the information available, a recently published IMF report noted that the decline came about as a result of some of the government\u2019s smart initiatives which helped reduce expenditure, brought about a budget surplus, and raised the tax and non-tax revenue during the first five months of this fiscal year. Read:\u00a0Pakistan repays USD 1 billion in foreign debt The government also improved on budget execution in the first quarter of the fiscal year 2019-20, registering a surplus of 0.6% of the GDP and an overall deficit of 0.6%; nearly 1% of the GDP better than programmed. This state of affairs came about as a result of the expected non-tax revenues and the double-digit growth in tax revenue net of refunds. Read:\u00a0IMF to release USD 500 mn as 2nd loan instalment: Hafeez Sheikh However, the IMF report did note that in FY19, the budget registered a primary deficit of 3.5% of the GDP and an overall deficit of 8.9%, against its target of 1.8% and 7%,…<\/p>\n","protected":false},"author":57,"featured_media":51181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14722],"persona":[],"class_list":{"0":"post-59208","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-govt-debt-falls-to-84-7-of-gdp"},"acf":[],"yoast_head":"\nGovt debt falls to 84.7% of GDP - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The government's general debt indicators have declined from 88% to 84.7% of GDP \u2014 after accounting for international guarantees and the funds\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-debt-falls-to-84-7-of-gdp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt debt falls to 84.7% of GDP - 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