January 27, 2023

Pakistan’s budget deficit surged by 54 percent to Rs 5.260 trillion during the fiscal year 2022 (FY22) due to increased government spending and a decrease in income. The government has borrowed Rs. 4.08 trillion and Rs. 1.17 trillion from internal and external resources respectively.

The total government expenditure surged by 31 percent to Rs. 13.295 trillion during FY22. In the case of non-development expenditure, mark-up payments reached Rs. 3.2 trillion. The data further reveals that the primary budget deficit was recorded at Rs. 2.07 trillion.

The development expenditure and net lending were calculated at Rs. 1.65 trillion, while the statistical discrepancy was Rs. 116 billion during FY22. The total revenue increased from Rs. 6.903 trillion during FY21 to Rs. 8.035 trillion in FY22, according to the data.

The total non-tax revenue during FY22 stood at Rs. 1.28 trillion, a decline of Rs. 350 billion compared to the previous year. The federal government collected Rs.1.15 trillion, and provinces Rs. 128 billion, according to the latest official figures.

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