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Tag Archives: not PDM’s claimed 7pc

FY23 ended with 7.7pc deficit, not PDM’s claimed 7pc


August 18, 2023

ISLAMABAD: The former PDM government left behind a massive fiscal deficit — the difference between income and expenditure — of 7.7 per cent of gross domestic product (GDP) while concluding the fiscal year 2022-23 on June 30, significantly higher than its claim of 7pc, according to official accounts. Fiscal Operations Data, released by the Ministry of Finance on Thursday, put …

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