Pakistan's budget deficit seen at 6.7pc of GDP in 2012

ISLAMABAD: Country’s budget deficit is likely to hover around 6.7 percent of the Gross Domestic Product (GDP) during the fiscal year 2012, revealed International Monetary Fund (IMF) Fiscal Monitor of April 2012.

According to an IMF report Pakistan’s revenues could be 12.8 per cent of the GDP during 2012 and may increase to 13.9 per cent of the GDP by 2017. Government’s expenditures, which are expected to be 19.2 per cent of the GDP 2012, are likely to come down to 18.8 per cent of the GDP by 2017.

Gross debt of the country to reach at 61.1 per cent in 2012 and would come down to 53.2 per cent of the GDP by 2017.

Net debt of the country is seen around 58.5 per cent of the GDP and would come down to 50.4 per cent of the GDP by end of 2017.

During 2012 country’s debt maturity may reach 23.3 per cent of the GDP and its financing needs 30 per cent of the GDP.

During 2013, the debt maturity could inch up to 24.3 per cent of the GDP, its budget deficit 6 percent of the GDP and its financial needs to go up to 30.3 percent of the GDP.