Pakistan government budget deficit widens to historic high
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ISLAMABAD: During the last two months of the previous government’s tenure, the budget deficit is projected to have widened to around Rs2.1 trillion in eleven months (July-May) of the present financial year 2017-18.
30 percent increase in the budget deficit is said to have been posted during the last two months of the PML-N tenure, reported *Express Tribune.*
This points to laxity on part of the finance ministry and initial projections of fiscal operations indicate budget deficit during the first 11 months of outgoing FY18 may have increased to Rs2.1 trillion or 6.1 percent of gross domestic product (GDP), finance ministry officials revealed.
The finance ministry officials shared provisional figures had been determined on the basis of State Bank of Pakistan statistics and final information would be ready within the next 10 days.
