The International Monetary Fund (IMF) forecasts that Pakistan’s general government gross debt will decline from 76.6 percent of GDP in 2023 to 72.2 percent of GDP in 2024.
According to the IMF Fiscal Monitor, Pakistan’s general government gross debt will decline from 76.6% of GDP in 2023 to 72.2% in 2024.Fund predictions show Pakistan’s net debt falling from 71.6 percent of GDP in 2023 to 68.3 percent in 2024.
Government revenue should climb to 12.5% of GDP in 2024 and 2025 from 11.4% and 12.1% in 2023 and 2022.
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The Fund anticipates the government’s main balance to be 0.4 percent in 2024 as opposed to -1.2 percent in 2023. Additionally, the government’s total balance is expected to be -7.6 percent in 2024 as opposed to -8.1 percent in 2023.
Fund predictions show Pakistani government spending rising from 19.5% of GDP in 2023 to 20.1% in 2024.
The analysis estimates that the nation’s debt to average maturity in 2023 will be 33.8% of GDP. In 2023, the gross funding need would amount to approximately 23.7% of GDP. Gross financing needs include the expected total amount and 2023 government debt.
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