Fiscal deficit

It is quite alarming that country’s fiscal deficit of FY2017-18 has hit a five-year high. In other words, it is 6.6 percent of the gross domestic product (GDP) or Rs 2,260 billion in absolute terms for the recently concluded fiscal year of 2017-18 against targeted 4.1 percent in the budget. The PML-N government has caused immense harm to country’s economy. Although the country has seen the launch of various CPEC-related projects, the rate of unemployment is still quite high. The PTI government must take stock of the situation with a view to arresting economic slide.

Karachi Kaleem Asghar