Budget
-
US deficit to drop to $1 trillion in 2022: budget office
.
[ad_1] The US.Treasury building in Washington, D.C. Photo: Bloomberg WASHINGTON: The US government deficit will fall dramatically this year to $1 trillion, down from levels not seen since World War II hit during the pandemic, the Congressional Budget Office said Thursday. The budget shortfall in the current fiscal year will shrink significantly from the prior…
-
Traders demand consultation on budget | The Express Tribune
.
[ad_1] LAHORE: The business community has expressed optimism that the acting State Bank of Pakistan (SBP) Governor, Murtaza Syed, will initiate a consultation process with the stakeholders on budget preparation. In a statement on Friday, Lahore Chamber of Commerce and Industry (LCCI) President Mian Nauman Kabir underlined that due to time constraints, the acting SBP…
-
PSX submits FY23 budget proposals | The Express Tribune
.
[ad_1] KARACHI: No modern economy can grow and improve savings and investment rates without large and well-functioning capital markets, Pakistan Stock Exchange (PSX) Managing Director Farrukh H Khan emphasised. “The stock market in Pakistan is the most documented sector of the economy but is still discriminated against,” he said, adding that there were serious tax…
-
Budget deficit reaches Rs3.2tr | The Express Tribune
.
[ad_1] ISLAMABAD: The federal budget deficit in the first nine months of the current fiscal year skyrocketed to nearly Rs3.2 trillion, which was higher by 53% compared to the same period of the previous year. For the July-March period of the ongoing fiscal year, the gap between federal income and expenditure, to be precise Rs3.165…
-
Budget: make-or-break moment | The Express Tribune
.
[ad_1] ISLAMABAD: By the time this article is printed, most likely a new finance minister would be holding the office with probably the most difficult job in Pakistan at this point in time. The most important milestone for the new finance minister would be the budget for 2022-23. With quite sketchy economic health, rising international…
-
Budget deficit to touch record Rs4.3tr | The Express Tribune
.
[ad_1] ISLAMABAD: The federal government will miss its budget deficit target by Rs318 billion and could book, for the first time in history, over Rs4.3 trillion deficit in the current fiscal year, the finance ministry informed the federal cabinet. The record Rs4.3 trillion federal budget deficit will be equal to 8% of the gross domestic…
-
Budget deficit to surpass IMF’s target | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan’s revised estimates show that its primary budget deficit will breach the recently agreed limits with the International Monetary Fund (IMF) and inflation will remain high but there is positivity in economic growth rate trajectory. The government has shared its initial assessment of the economy with the IMF during ongoing talks, sources said.…
-
ECC approves Rs303b extra budget | The Express Tribune
.
[ad_1] ISLAMABAD: The government on Monday approved Rs303 billion in supplementary budget to pay for the cost of temporary reduction in electricity and petroleum prices, its expensive loan venture and Ramazan relief package. The Economic Coordination Committee (ECC) of the cabinet approved the reduction in electricity prices by Rs5 per unit for four months for…
-
Budget gap widens 33% in July-December | The Express Tribune
.
[ad_1] ISLAMABAD: The government on Wednesday revealed the country’s fiscal health, confirming that the federal budget deficit in the first half of current fiscal year shot up to Rs1.85 trillion, up 33% compared to the same period of previous year. The deficit mainly widened because of higher expenditures as the revenue remained better than the…
