More debt, less development? Pakistan spends just 10% of annual budget
Pakistan spent just 10.4% of its annual development budget in the first four months of the fiscal year, despite recording a 0.8% budget surplus in the first quarter. The slow spending comes as public projects face delays and the country's external debt nearly doubles to $135.1 billion in 2025 from $68.67 billion in 2015, according to...
Key Takeaways
- Pakistan spent just 10.4% of its annual development budget in the first four months of the fiscal year, despite recording a 0.8% budget surplus in the first quarter.
- The slow spending comes as public projects face delays and the country's external debt nearly doubles to $135.1 billion in 2025 from $68.67 billion in 2015, according to a World Bank report cited by Dawn.
- Full details and original dispatch available below.
Pakistan spent just 10.4% of its annual development budget in the first four months of the fiscal year, despite recording a 0.8% budget surplus in the first quarter. The slow spending comes as public projects face delays and the country's external debt nearly doubles to $135.1 billion in 2025 from $68.67 billion in 2015, according to a World Bank report cited by Dawn.
Original Publisher Attribution
This summary was curated from Times of India.