The Ministry of Finance has launched the information for the primary 6 months of the present monetary yr. In line with the doc, 64 % of the finances was spent on debt compensation. 402 billion rupees had been spent on curiosity funds.
Excessive rates of interest are the principle motive for the rise in debt compensation prices. Throughout the first 6 months of the final monetary yr, 260 billion rupees had been spent on curiosity funds.
In comparison with the identical interval of the earlier monetary yr, throughout this era of the present monetary yr, 65% extra quantity was paid for compensation of loans.
Within the present fiscal yr, 730 billion rupees have been put aside for debt and curiosity funds. 58% of the finances is allotted for debt and curiosity funds. 80% of home and worldwide debt is spent on curiosity funds.
The money surplus of the provinces was 289 billion rupees which was 101 billion rupees final yr. The general deficit of the federal authorities stood at 2.3 % of GDP. The general deficit of the federal authorities was 2 % in the identical interval final yr. 77% of the fiscal deficit was met from native sources.
Receipts elevated by 63% throughout July to December 2023. Tax income elevated by 30 % and non-tax income by 117 %.
Within the first 6 months of this monetary yr, the entire earnings of Pakistan was greater than 4 trillion rupees. The whole earnings of Pakistan was 2.5 trillion rupees final yr.