The general government capital expenditure (capex) as a share of GDP in FY26 is likely to remain around 5 per cent, which is lower than 5.1 per cent in FY25P and much below the FY24 peak of 5.4 per cent, according to a report by Emkay Research.
The government has been grappling with an unsustainably high fiscal deficit, averaging 7.3 per cent of economic output over the past five years, leading to a staggering national debt of PKR 78.9 trillion.
Islamabad [Pakistan], June 29 (ANI): Pakistan's National Assembly on Tuesday passed the budget for the fiscal year 2022 in presence of Prime Minister Imran Khan with a majority vote amid a dismal showing by the opposition.
Washington [US], June 9 (ANI): US President Joe Biden's administration is facing criticism after it replaced the word "mothers" with "birthing people" in Maternal Health Guidance of the country's 2022 fiscal year budget.
Dhaka [Bangladesh], June 6 (ANI): Bangladesh Finance Minister Abul Maal Abdul Muhith said the government will allocate a special fund for Rohingya rehabilitation in the upcoming 2018-19 fiscal year budget.