Pakistan
Pakistan's debts to reach Rs818 trillion: IMF
The IMF stated that by the end of this fiscal year, government and government-guaranteed debt could rise to 818 trillion rupees.
Washington DC: The International Monetary Fund (IMF) estimated that Pakistan's debt will reach 818 trillion rupees by the end of this fiscal year, while the size of the federal budget is estimated at Rs154 trillion.
The International Monetary Fund predicted that the debt will reach Rs818 trillion by the end of this fiscal year, while the budget deficit and interest payments will exceed the approved amount.
According to media reports, the IMF has now estimated the size of Pakistan's federal budget at 154 trillion rupees, which will be 11 trillion rupees more than the approved budget this year.
The IMF stated that by the end of this fiscal year, government and government-guaranteed debt could rise to 818 trillion rupees, which would be more than 77% of Gross Domestic Product (GDP), and the budget deficit would increase to 82 trillion against the target of 69 trillion.