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Country's fiscal deficit narrows to 0.8% of GDP during first quarter of current FY
November 30, 2021

The country's fiscal deficit narrowed to 0.8 percent of Gross Domestic Product (GDP) during the first quarter of the current fiscal year.

This has been stated in the monthly Economic Update and Outlook for November released by the finance ministry in Islamabad.

It said last year, the deficit during the period was recorded at 1.1 percent of GDP, which shows that the revenue growth outpaced the growth in expenditures.

In absolute terms, the fiscal deficit has been reduced to 438.5 billion rupees in the first quarter of the current fiscal year against 484.3 billion rupees in the comparable period of last year.