{"id":226453,"date":"2021-11-10T08:41:46","date_gmt":"2021-11-10T03:41:46","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=226453"},"modified":"2021-11-10T08:41:46","modified_gmt":"2021-11-10T03:41:46","slug":"first-quarter-fiscal-deficit-narrows-to-0-8pc-of-gdp","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/first-quarter-fiscal-deficit-narrows-to-0-8pc-of-gdp\/","title":{"rendered":"First quarter fiscal deficit narrows to 0.8pc of GDP"},"content":{"rendered":"<p>ISLAMABAD: The budget deficit for the first quarter (July-September) of the current fiscal year narrowed to 0.8 percent of the GDP, compared with the deficit of 1.1 percent in the same quarter of the last fiscal year. According to details released by the Finance Ministry on Tuesday, the GDP for the fiscal year 2021-22 has been estimated at Rs53,867 billion as against the GDP size of Rs45,567 billion in the last fiscal year. The revenue to the GDP has improved to 3.4 percent during the first quarter of the current fiscal year, compared with 3.2 percent in the corresponding quarter of the last fiscal year. Meanwhile, the expenditure to the GDP remained unchanged at 4.2 percent during the first quarter of the current fiscal year. According to details, the total revenue during the first quarter of the current fiscal year stood at Rs1.8 trillion; of which the tax revenue stood at Rs1.53 trillion and non-tax revenue stood at Rs275.73 billion. TLTP<br \/>\nThe total expenditures have been recorded at Rs2.25 trillion in the first quarter of the current fiscal year. The current expenditures stood at Rs1.97 trillion and the development expenditures stood at Rs264 billion.<br \/>\nOverall, the budget deficit was recorded at Rs438.49 billion for the quarter under review. To feed the deficit an amount of Rs439.49 billion was borrowed through external resources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The budget deficit for the first quarter (July-September) of the current fiscal year narrowed to 0.8 percent of the GDP, compared with the deficit of 1.1 percent in the same quarter of the last fiscal year. According to details released by the Finance Ministry on Tuesday, the GDP for the fiscal year 2021-22 has [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-226453","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First quarter fiscal deficit narrows to 0.8pc of GDP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/first-quarter-fiscal-deficit-narrows-to-0-8pc-of-gdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First quarter fiscal deficit narrows to 0.8pc of GDP\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The budget deficit for the first quarter (July-September) of the current fiscal year narrowed to 0.8 percent of the GDP, compared with the deficit of 1.1 percent in the same quarter of the last fiscal year. 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