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What is Q1-FY17 Pakistan Fiscal Balance Analysis about?

The fiscal deficit in the first quarter of FY17 was the highest since FY12 at 1.3% of GDP, due to a sharp decline in non-tax revenues and slower growth in tax revenues. Non-tax revenues fell mainly because Pakistan did not receive funds from the Coalition Support Fund and the State Bank of Pakistan reported lower profits. While development spending increased, the overall revenue shortfall led to higher borrowing, with most of the increase in public debt coming from domestic sources. The large fiscal deficit

Author

MeeroButt

Language

EN