Pakistan’s budget deficit has reportedly hit its highest level in almost three decades.
Pakistan’s budget deficit has reportedly hit its highest level in almost three decades.
The news comes ahead of the International Monetary Fund’s review of a bailout program put in place to curtail a fiscal blowout. Provisional numbers released by the Finance Ministry show a nearly 9 percent deficit, which was a far cry from the government's projected 5.6 percent. Pakistan’s IMF loan could be in jeopardy if such trends continue.
The news comes ahead of the International Monetary Fund’s review of a bailout program put in place to curtail a fiscal blowout. Provisional numbers released by the Finance Ministry show a nearly 9 percent deficit, which was a far cry from the government's projected 5.6 percent. Pakistan’s IMF loan could be in jeopardy if such trends continue.
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