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Tag Archives: deficit to be 9pc of GDP in FY20: SBP

Growth target ‘challenging’, deficit to be 9pc of GDP in FY20: SBP


July 31, 2020

KARACHI: The State Bank of Pakistan (SBP) has expressed doubts over the country achieving 2.1 per cent economic growth in FY21 and found the revenue target challenging as well due to decline in activity. For the last fiscal year, the SBP said the fiscal deficit for FY20 is likely to touch 9pc of GDP, where it was 4pc in the …

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