The International Monetary Fund (IMF) has estimated Pakistan’s fiscal deficit, a gap in the income of a government as compared to its spending, at 7.4% of GDP for the current fiscal year 2023-24, exceeding almost 1% from the government’s target of 6.5%.
This forecast comes amidst expectations of steady tax-to-GDP ratios over the next five years.
The IMF also predicts a gradual decrease in the debt-to-GDP ratios and general government expenditures over the medium term. The primary fiscal balance is expected to range between 0.4% and 0.5% of GDP annually, contrasting with last fiscal year’s 0.9% deficit.
Initially, the government had projected the fiscal deficit at Rs6.9 trillion (6.53% of GDP), counting on a Rs 600 billion surplus from the provinces to reduce the deficit. However, the IMF had previously projected a higher deficit of 7.6% in October, which has been adjusted to 7.4% based on recent data.
During its spring meetings in Washington with the World Bank, the IMF released its fiscal monitor, which forecasts the fiscal deficit to decline to 7.3% of GDP in FY25, before gradually reducing to 5.8% in FY26, 5.1% in FY27, and stabilizing at 4.6% in the following years.
The IMF expects the primary budget surplus to be 0.4% of GDP in FY24, alternating between 0.4% and 0.5% over the following years. Revenue projections are also stable, with general government revenue anticipated at 12.5% of GDP for the current fiscal year, with minor fluctuations expected in the subsequent years.
On the expenditure side, the IMF estimates general government spending to be 19.9% of GDP for FY24, with a yearly decline forecasted as debt servicing costs decrease.
The IMF also forecasts a decrease in gross government debt, projecting it to drop from 77.1% of GDP last year to 71.8% by the end of the current fiscal year, and further to 63.1% by FY29.
This trajectory is critical as it relates to the Fiscal Responsibility & Debt Limitation Act, which mandates that debt levels remain below 60% of GDP.
where can we see this report
URGENT AND EFFECTIVE LOVE SPELL CASTER TO HELP YOU GET BACK YOUR EX LOVER VERY FAST WHATSAPP +2348124644470
My Name is Micheline Peric from Ireland, I want to say thank you to PRIEST WISDOM for the good thing he has done for me,Though am not sure if this is the best forum to show my joy and happiness for what he has done for me but i can’t hide happiness and my Joy so i have to share it with people, my marriage got crashed about two years ago and i tried all i could within my power but to no avail. I saw a post and testimonial about the good things PRIEST WISDOM has been doing so I decided to give it a try. though he is always a busy man but when he responded back to my email, he gave me 24hours for my marriage to be restored really just like he said my marriage was restored since then I am happy and i am living happily i am so grateful, PRIEST WISDOM you can always email him here: Supernaturalspell0 @ gmail. com or WHATSAPP / Telegram +2348124644470
HOW I FINALLY RECOVERED MY LOST BITCOIN:
Do you need help on how to recover lost or stolen Bitcoin from fake investment scammers? I lost all my Bitcoin to a fake investment scam to someone I met online. After losing my Bitcoin investments, I was determined to find a solution. I started searching for help legally to recover my funds, and I came across a lot of Testimonies about GEO COORDINATES HACKER. I am incredibly grateful for the exceptional service, and wanted to inform you all about this positive outcome. They emphasized their excellent strategy for Bitcoin recovery. In order to assist people and companies in recovering their lost or stolen cryptocurrencies. They guarantee that misplaced bitcoins have an opportunity to be recovered with their excellent services. If you or anyone you know ever finds yourselves in a similar unfortunate situation, I highly recommend reaching out to GEO COORDINATES HACKER. Contact Info Email:
( [email protected] )
Email; ( [email protected] )Telegram ( @Geocoordinateshacker )Website; https://geovcoordinateshac.wixsite.com/geo-coordinates-hack
I URGENTLY NEED A VOODOO LOVE SPELL CASTER TO HELP ME GET MY EX BACK 2023/2024
Email: [email protected]
Whatsapp: +234 703 166 3661
This is a very joyful day of my life because of the help Dr Gbogbo has rendered to me by helping me get my ex-husband back with his magic and love spell. I was married for 6 years and it was so terrible because my husband was really cheating on me because I had Fibroids and i couldn’t conceive for my husband because of my Fibroids and my husband was seeking a divorce but when I came across Dr Gbogbo email on the internet on how he helped so many people to get their ex back and help to fix relationships and make people happy in their relationship. Dr Gbogbo has also restored so many people’s health which includes Herpes, Fibroids, PCOS, Diabetes and many more. I explained my situation to him and then sought his help but to my greatest surprise, he told me that he will help me with my case and then give me a herbal medicine that will help me shrink my Fibroids naturally without undergoing surgery which he really did by giving me the herbal medicine that shrinked my Fibroids naturally without me going for surgery. Here I am now celebrating because my Husband has changed totally for good and I am currently pregnant for him. He always wants to be by me and can not do anything without my presence. I am really enjoying my marriage, what a great celebration. I will keep on testifying on the internet because Dr Gbogbo is truly a real spell caster. Do you really need help? then contact Dr Gbogbo now via Email: [email protected]
Whatsapp: +234 703 166 3661 He is the only answer to your problem and makes you feel happy in your relationship…
I URGENTLY NEED A VOODOO LOVE SPELL CASTER TO HELP ME GET MY EX BACK 2023/2024
Email: [email protected]
Whatsapp: +234 703 166 3661
This is a very joyful day of my life because of the help Dr Gbogbo has rendered to me by helping me get my ex-husband back with his magic and love spell. I was married for 6 years and it was so terrible because my husband was really cheating on me because I had Fibroids and i couldn’t conceive for my husband because of my Fibroids and my husband was seeking a divorce but when I came across Dr Gbogbo email on the internet on how he helped so many people to get their ex back and help to fix relationships and make people happy in their relationship. Dr Gbogbo has also restored so many people’s health which includes Herpes, Fibroids, PCOS, Diabetes and many more. I explained my situation to him and then sought his help but to my greatest surprise, he told me that he will help me with my case and then give me a herbal medicine that will help me shrink my Fibroids naturally without undergoing surgery which he really did by giving me the herbal medicine that shrinked my Fibroids naturally without me going for surgery. Here I am now celebrating because my Husband has changed totally for good and I am currently pregnant for him. He always wants to be by me and can not do anything without my presence. I am really enjoying my marriage, what a great celebration. I will keep on testifying on the internet because Dr Gbogbo is truly a real spell caster. Do you really need help? then contact Dr Gbogbo now via Email: [email protected]
Whatsapp: +234 703 166 3661 He is the only answer to your problem and makes you feel happy in your relationship