No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

Fiscal deficit drops to 0.8 per cent in first quarter

News Desk by News Desk
November 10, 2021
in Business, National
Reading Time: 1 min read
Fiscal

ISLAMABAD: The Ministry of Finance has released the Fiscal Operations Data according to which the overall fiscal deficit from July-September dropped to 0.8 per cent (Rs438.5 billion from Rs715bn) of Gross Domestic Product (GDP).

According to the data, the deficit in the first quarter of 2019-20 was 0.7pc; in the fiscal year 2020-21, it was recorded at 1.1pc, and in 2018-19, it stood at 1.4pc.

Regarding the revenue, Fiscal’s data indicated that in the first quarter the total revenue was recorded to be at 3.4pc of GDP in comparison to last year where it stood at 3.2pc.

According to the fiscal operations, the government has controlled the budget deficit by improving revenue collection and controlling expenditures.

The healthy cashback from provinces helped bring down the deficit that originally stood at 1.3pc. The total cashback from provinces was recorded to be Rs.277bn cash surplus. Punjab contributed Rs.183bn, followed by Sindh’s Rs.60bn and Balochistan’s Rs.36bn. On the other hand, Khyber Pakhtunkhwa overspent Rs. 2.8bn and was not able to provide any surplus.

News Desk

News Desk

Related Posts

IMF and Pak will meet to approve SLA on January 11
Business

IMF board will meet on January 11 to approve SLA for first review of $3bn SBA

December 8, 2023
Blast on Peshawar’s Warsak Road
Featured

Improvised explosive device blast on Peshawar’s Warsak Road

December 5, 2023
Imran Khan and Shah Mahmood Qureshi to be Indicted by special court
Featured

Special Court decides to Indict Imran Khan and Shah Mahmood Qureshi

December 4, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Zong 4G brings English Premier League

Zong 4G and MYCO brings live streaming for English Premier League

by Web Desk
December 7, 2023

ISLAMABAD: Zong 4G, Pakistan's leading telecommunication network, marks the conclusion of an extremely popular Cricket World Cup campaign with MYCO,...

Mustafa Alam sets new Guinness World Record under coaching of Sania Alam

Pakistan’s Mustafa Alam sets new Guinness World Record

by Press Release
December 4, 2023

KARACHI: Futuristic Learning proudly announces a new Guinness World Record set by its student Mustafa Alam, who memorized and accurately...

Zong 4G’s IR Bundle Provides Connectivity

Zong 4G’s IR Bundle Provides Connectivity Across Nine Countries

by Web Desk
December 3, 2023

ISLAMABAD: Zong 4G, Pakistan's leading telecommunications provider, has exclusively crafted a one-stop international roaming solution for 9 countries in Continental...

Asia Pacific businesses have no emissions plan

47pc of Asia Pacific businesses have no emissions plan

by Web Desk
December 3, 2023

LAHORE: As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants)...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version