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Provinces Demand More Share in NFC Award in 10th National Finance Commission Meeting

10th NFC to Commence from February 18

Pakistan s fiscal deficit widens to Rs1 13tr in 6MFY21 - Newspaper

In first half of 2019-20, the fiscal deficit had amounted to 2.3pc of GDP or Rs995bn. AFP/File ISLAMABAD: Amid a record Rs1.138 trillion fiscal deficit in first half of the current fiscal year, the government has called the inaugural meeting of the 10th National Finance Commission (NFC) on Feb 18 to review overall fiscal position of the centre and the provinces. The Ministry of Finance on Wednesday said the fiscal deficit as percentage of GDP stood at 2.5pc in first half (July-December) of 2020-21. The country witnessed 2.7pc of fiscal deficit during the same period in 2018-19 the first year under the PTI government. However, in absolute numbers the deficit had amounted to Rs1.030tr.

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