Pakistan's fiscal surplus plunges 40% in Q1 as spending and interest costs rise
Summary
Pakistan's fiscal position deteriorated in the first quarter of the financial year 2026. The country's budget surplus fell sharply to 0.9 percent of GDP from 1.7 percent. Total government revenue decreased to 6.004 trillion rupees despite an increase in tax collections. Government expenditures rose by 16 percent, heavily influenced by rising interest payments. Pakistan continues to face economic challenges, including public debt and limited revenue generation.
Description from Times of India.
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Pakistan's fiscal surplus plunges 40% in Q1 as spending and interest costs rise
Pakistan's fiscal position deteriorated in the first quarter of the financial year 2026. The country's budget surplus fell sharply to 0.9 percent of GDP from 1.7 percent. Total government revenue decreased to 6.004 trillion rupees despite an increase in tax collections....
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