AVN 67.38 Increased By ▲ 0.09 (0.13%)
BOP 9.90 Increased By ▲ 0.08 (0.81%)
CHCC 128.50 Increased By ▲ 0.19 (0.15%)
DCL 11.30 Increased By ▲ 0.04 (0.36%)
DGKC 111.70 Decreased By ▼ -0.22 (-0.2%)
EFERT 61.68 Increased By ▲ 0.93 (1.53%)
EPCL 44.60 Decreased By ▼ -0.18 (-0.4%)
FCCL 21.12 No Change ▼ 0.00 (0%)
FFL 17.77 No Change ▼ 0.00 (0%)
HASCOL 22.10 Increased By ▲ 0.24 (1.1%)
HBL 133.56 Increased By ▲ 0.45 (0.34%)
HUBC 82.52 Increased By ▲ 0.52 (0.63%)
HUMNL 8.08 Decreased By ▼ -0.02 (-0.25%)
JSCL 30.22 Increased By ▲ 0.33 (1.1%)
KAPCO 28.04 Increased By ▲ 0.16 (0.57%)
KEL 4.24 Increased By ▲ 0.03 (0.71%)
LOTCHEM 12.62 Decreased By ▼ -0.05 (-0.39%)
MLCF 39.74 Increased By ▲ 0.25 (0.63%)
OGDC 105.45 Decreased By ▼ -0.04 (-0.04%)
PAEL 37.29 Decreased By ▼ -0.02 (-0.05%)
PIBTL 13.58 No Change ▼ 0.00 (0%)
PIOC 98.09 Increased By ▲ 0.29 (0.3%)
POWER 9.65 Increased By ▲ 0.12 (1.26%)
PPL 94.03 Increased By ▲ 0.34 (0.36%)
PSO 207.85 Increased By ▲ 0.60 (0.29%)
SNGP 64.37 Decreased By ▼ -0.04 (-0.06%)
STPL 14.20 Increased By ▲ 0.03 (0.21%)
TRG 55.40 Increased By ▲ 0.07 (0.13%)
UNITY 18.38 Decreased By ▼ -0.01 (-0.05%)
WTL 1.21 Increased By ▲ 0.01 (0.83%)
BR100 4,334 Decreased By ▼ -12.22 (-0.28%)
BR30 22,002 Decreased By ▼ -81.03 (-0.37%)
KSE100 41,701 Decreased By ▼ -105.14 (-0.25%)
KSE30 17,606 Decreased By ▼ -52.86 (-0.3%)
COVID-19 TOTAL DAILY
CASES 309,581 566
DEATHS 6,451 7
Business

Govt records budget deficit of Rs3.376tn for FY2019-20

  • The FBR's collection stood at Rs3.998 trillion, the tax collector failed to achieve its Rs5.5 trillion annual tax collection target.
12 Aug 2020

The Government of Pakistan recorded a budget deficit of over Rs3.376 trillion i.e. 8.1 percent of the country’s GDP for the period July-June 2019-20. To meet the budget deficit, the government sought external financing of Rs895bn and domestic financing of over Rs2.480tn.

As per the Summary of Consolidated Federal and Provincial Budgetary Operations, 2019-20 released by the Ministry of Finance, total revenue of Rs6.272tn was collected in July-June 2019-20, with Tax Revenue of Rs4.747tn and Non-Tax Revenue of Rs1.524tn in the 12-Month period.

The FBR's collection stood at Rs3.998 trillion, the tax collector failed to achieve its Rs5.5 trillion annual tax collection target.

Meanwhile, Total Expenditure of Rs9.648tn recorded in the same period i.e. 23.1pc of Pakistan GDP, with Current Expenditure comprising over Rs8.532tn of the total expenditure. The total expenditures of the federal government stood at Rs6.6tn.

In the expenditure head, Rs1.213tn were spent on Defence Affairs and Service i.e. comprising 2.9pc of the GDP, whereas Rs1.155tn were spent on Total Development Expenditure, with spending on PSDP recorded at Rs1. 089tn.

The primary deficit – calculated after adjusting debt payments against revenues stood at Rs757 billion or 1.8pc of the GDP.

For the ongoing fiscal year, the government has set the budget deficit target at Rs3.2 trillion or 7pc of the GDP on the basis of the Rs4.963 trillion tax collection target.