BR Research

The mirage of the first halfs fiscal deficit

Published March 22, 2012 Updated March 22, 2012 12:00am

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Summary of Public Finance
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(Rs bn)                         FY11      FY12   chg (%)
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Total revenue                    990     1,135        15
Tax revenue                      722       905        25
Non-tax receipts                 268       231       -14
Total expenditure              1,480     1,668        13
Current                        1,227     1,399        14
Development and net lending      208       231        11
Overall deficit                  490       533         9
As % of GDP
Overall fiscal deficit           2.7       2.5
Revenue deficit                  1.3       1.3
Primary deficit                  1.1       1.9
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Source: SBP