Tag Archives: Pakistan’s fiscal deficit to widen in FY21: Fitch

KARACHI: Economic shock and health crisis associated with Covid-19 will challenge Pakistan’s ability to narrow the fiscal deficit to seven per cent in the FY21, said Fitch Ratings on Friday. “Fitch forecasts are more conservative than the government’s. We expect deficits of 9.5pc of GDP in FY20 and 8.2pc in FY21, pushing the public debt-to-GDP ratio up to 89pc of …

KARACHI: Economic shock and health crisis associated with Covid-19 will challenge Pakistan’s ability to narrow the fiscal deficit to seven per cent in the FY21, said Fitch Ratings on Friday. “Fitch forecasts are more conservative than the government’s. We expect deficits of 9.5pc of GDP in FY20 and 8.2pc in FY21, pushing the public debt-to-GDP ratio up to 89pc of …