Finance Minister Ishaq Dar announced the target during his budget speech to the national legislature. A source had said earlier in the day the budget would aim for a deficit of 7.7% of the gross domestic product for the 2023-24 fiscal year
Pakistan s government will target a budget deficit of 6.54% of economic output in the fiscal year starting on July 1, the finance minister said on Friday, slightly below the current year s revised estimate of 7%.
"(The budget) will be of no use unless inflation is reduced, the poor will only get relief if inflation is eased," Akhtar Khan, a labourer at a fruit and vegetable market in the capital Islamabad, told AFP.
Pakistan Aims For Fiscal Deficit Of 6 54 In Its Budget IMF To Monitor businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.