PM encourages India to embrace CPEC as an opportunity, not challenge
PM expressed his congratulations to the leadership and people of both Pakistan...
ISLAMABAD: The Ministry of Finance released the Debt Strategy Report for the medium term from 2023 to 2026.
According to the report, GDP growth has been set at 5.5 percent till 2026, besides setting a target of controlling the inflation rate at the level of 6.5 percent till the fiscal year 2026 and limiting the inflation rate to 7.5 percent in the fiscal year 2025.
The Ministry of Finance said that the target has been set to limit GDP growth to 5.0 percent and fiscal deficit to 5.1 percent by the next fiscal year.
According to the Ministry of Finance, Rs 5.7 trillion in debt repayments have to be made in the current fiscal year, and Rs 5.5 trillion in debt repayments have to be made in the fiscal year 2025.
The debt repayment burden will be reduced during the fiscal year 2026 and fiscal year 2027. Issuance of bonds and borrowing on long-term policy will be preferred.
The Ministry of Finance says that the loan will be obtained at a floating rate compared to the fixed interest rate, external debt can be taken up to 40 percent of the country’s total debt.
Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News
Download The BOL News App to get the Daily News Update & Follow us on Google News.