Finance Ministry denies media reports on current year fiscal framework | GNN HD News GNN - Pakistan's Largest News Portal

Finance Ministry denies media reports on current year fiscal framework

Finance Ministry denies media reports on current year fiscal framework
Islamabad: The Finance Ministry has denied the news circulating in media claiming that government will face a gap of up to one trillion rupees in the current year fiscal framework.

According to the statement issued by Finance Ministry, the reports are not based on facts.

The 2018-19 fiscal outcomes are the result of various factors including monetary and exchange rate corrections, rising oil prices, expanding social safety nets and escalation on border with India, the statement continued.

The statement further said that reforms agenda being pursued by the government with the support of IMF Extended Fund Facility during first quarter of current fiscal year is so far very encouraging with strong indication that all the targets will be met.