According to projections made by the International Monetary Fund (IMF), Pakistan’s government gross debt will decrease from 77.8 per cent of GDP in 2022 to 71.1 per cent in 2023.
The predictions for Pakistan’s fiscal year 2022–2023, however, are made using data as of the end of August 2022 and do not take the current floods’ effects into account.
The net debt for Pakistan is predicted to decrease from 71.5 per cent of GDP in 2022 to 66.1 per cent in 2023, according to the IMF study “Fiscal Monitor, Helping People Bounce Back.”
According to projections, government revenue will represent 12.4 per cent of GDP in 2023 and 12.8 per cent of GDP in 2024, compared to 12.1 per cent during the same time in 2022.
The primary balance of the government was predicted by the Fund to be 0.2 per cent in 2023 as opposed to -3.0 per cent in 2022. Furthermore, compared to 2022, 2023 is expected to see a decrease in the government’s overall balance of 4.8 per cent.
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