Islamabad February 9 2025: Pakistan’s overall fiscal deficit in the first six months of the current fiscal year decreased to 1.5 per cent of GDP or PKR 1,896 billion, which is 21 percent lower than last year’s six months of PKR 2,407 billion.
The total revenue in first six months of current fiscal year has increased by 42 percent to PKR 9,763 billion compared to PKR 6,853 billion in first months of last year.
FBR taxes in first six months of current fiscal year has increased by 26 percent to PKR 5,624 billion compared to PKR 4,469 billion in first months of last year.
The rise in FBR taxes is triggered by 29 percent increase in direct taxes to PKR 2,781 billion in first six months of current fiscal year. Indirect taxes also increased by 23 percent to PKR 2,842 billion.
Total expenditure in first six months of current fiscal year has also increased by 22 percent to PKR 11,301 billion compared to PKR 9,261 billion in first months of last year.
The rise in total expenditure is triggered by 18 percent increase in current expenditure to PKR 10,118 billion in first six months of current fiscal year.
Mark-up on debt increased by 12 percent to PKR 5,141 billion while development expenditure increased by 12 percent to PKR 743 billion.
