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IMF Tightens Fiscal Targets for Next Year

Updated: May 11, 2025 16:20

Image Source : Phenomenal World
The International Monetary Fund has outlined a stricter fiscal path for Pakistan, setting a primary budget surplus target of 1.6% of GDP for the next fiscal year. Unlike previous years, where revenue increases played a key role, this time the focus is on expenditure control.  
 
Fiscal Adjustments:  
- The primary surplus target has been raised from 1% to 1.6% of GDP, emphasizing spending restrictions.  
- The IMF projects a 1.3% reduction in expenditure, compared to a 0.7% increase in revenue.  
- The federal and provincial governments are expected to generate Rs19.6 trillion in revenue, with Rs14.3 trillion coming from tax collections.  
- Total government expenditures are projected at Rs26.3 trillion, requiring strict budget discipline.  
- Defense spending remains a priority, with an estimated allocation of 2% of GDP amid regional tensions.  
 
The IMF stresses the need for sound macroeconomic policies and accelerated reforms to maintain stability and drive sustainable growth.  
 
Sources: Economic Times, MSN News

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