Islamabad: Fiscal deficit increased in the first 7 months of this financial year. A decline was recorded in exports, imports and investment.
The Ministry of Finance has released the economic report for July to January of this financial year. According to the report, remittances decreased by 11% to 16 billion dollars from July to January, while government expenditure increased by 19.8%.
According to the report, 77% increase in interest payments on loans was recorded from July to January, inflation rate was recorded at 25.4% from July to January, federal expenses reached 6382 billion rupees.
According to the report of the Ministry of Finance, the investment from July to January was 683.5 million dollars with a decrease of 44%. July to December tax revenue increased by 18.8%, July to January exports decreased by 7.4% to $16.4 billion, July to January imports decreased by 20.9% to $33.5 billion.
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