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Fiscal deficit contained at 3.5 percent in eight months

Daily Times
April 29, 2021
Owing to the government’s efforts, the fiscal deficit during the first eight months (July-February) of the current fiscal year has been contained at 3.5 percent of the Gross Domestic Product (GDP).
“Despite higher mark-up payments and COVID-related expenditures, the fiscal sector continues to perform better as a result of the government’s efforts to maintain fiscal discipline,” says Monthly Economic Update and Outlook for April 2021.
According to the report the first eight months of the current fiscal year witnessed an increase of 9.2 percent in net federal revenue receipts to reach Rs.2188 billion as compared to Rs.2003 billion last year. The total expenditures grew by 1.3 percent to Rs.4132 billion during July-February, FY2021 as compared to Rs.4079 billion last year. “Thus the fiscal deficit has been contained to 3.5 percent of GDP during July-February, FY2021,” the report adds. On the other hand, the primary balance posted ....

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Govt planning to lift 7 million women out of abject poverty

Govt planning to lift 7 million women out of abject poverty
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

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Foreign investment in 7MFY21 down by 78pc: ministry - Newspaper

ISLAMABAD: Amid 78pc decline in total foreign investment, the Ministry of Finance on Friday raised expectations about economic recovery during the current fiscal year based on improved signs in first seven months.
In its Monthly Economic Update & Outlook, the ministry reported that total foreign investment in July-January period amounted to $755 million against $3.438bn of comparable period last year, showing a decline of about 78pc.
“Prospects of economic growth are showing visible signs of improvement during July-January period 2020-21 which strengthen expectations about economic recovery,” said the outlook. It claimed credit for the timely measures against the pandemic in terms of fiscal stimulus, easing mobility restrictions, timely arrangement of vaccination, together with accommodative monetary policy allowed economic activities continue in the difficult time. “Thus, it is observed that overall economic recovery is on its way and may accelerate in the coming mo ....

Ministry Of Finance On , Monthly Economic Update , Monthly Economic Indicator , அமைச்சகம் ஆஃப் நிதி ஆன் , மாதாந்திர பொருளாதார புதுப்பிப்பு ,

Monthly economic update: Hardly a happy new year | Hellenic Shipping News Worldwide

Executive summary What a disappointing start to 2021. Our Monthly Economic Update for January looks at where we are right now globally. And while the virus, vaccine and lockdowns are still all too familiar, it’s worth noting that things will get considerably better. The next few months, however, are likely to be bleak. We look . ....

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Fiscal deficit rises by Rs189bn in July-Oct period - Newspaper

The the primary balance has posted a surplus of Rs178bn (0.4pc) during July-October. ....

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