Pakistan reports primary surplus in FY24 after 20-year gap
An employee counts Pakistani rupee notes at a bank in Peshawar, August 22, 2023. — Reuters The finance ministry reports a statistical discrepancy of Rs 281 billion. The government achieves a primary balance of Rs 0.952 tr as per IMF. Largest item of spending, debt service, 8.2 trillion was consumed. ISLAMABAD: The net revenue of the federal government has been insufficient to meet even a significant component of expenditure during the fiscal year 2023-24, leading to a rapidly escalating debt trap. Additionally, the Finance Ministry reported a statistical discrepancy of Rs 281 billion, indicating ongoing issues with the reconciliation of
