"The total inflow of external financing is expected to be US $ 11.653.9 million in 2018-19 with project loans US $ 4.835.2 million and program fees US $ 1.818.6 million," said sources of the Economic Affairs Division
According to breakdown figures, the country would receive funding of $ 3130.8 million from bilateral sources, including Germany, China, Japan, America, Saudi Arabia and others.
Another large part of the $ 3523.1 million inflow would come from the multilateral sources, while the government collects an estimated $ 3 billion from bonding and $ 2 billion from commercial banks, the sources added toe
"The government will abide by the fiscal consolidation policy in 2018-19 to keep the budget deficit manageable and within the ceilings of the Fiscal Responsibility and Debt Limitation Act (FRDLA), 2005," she added.
FBR tax regime
On the other hand, the FBR will continue its tax reform program to broaden the tax network and reform the tax administration.
The debt management functions would primarily focus on meeting the financing needs at the lowest possible cost, in line with a cautious risk: the broadening of the investor public and a well-functioning domestic market for debt capital; extension of the maturity profile of domestic debt and mobilization of maximum available soft external financing
Trade Deficit On The Low
Meanwhile, the sources said that fiscal performance in the first half of 2017-18 was on track with a deficit of 2.3 percent of GDP compared to the annual target of 4.1 percent and 2.5 percent of the comparable period last year as a result of higher total income growth and a relatively lower growth of current expenses.
The analysis of the financing mix of the budget deficit in the reporting period shows that the government relied more on domestic than external resources
Within domestic resources, a greater reliance on bank loans was on the rhythm of Rs. 332 billion.
The gross national debt of Pakistan on 31 December 2017 stood at Rs. 22.821 billion, a growth of 6.6 percent compared to the debt stock on 30 June 2017.
The build-up of government debt was the result of both domestic and foreign debts that grew by 4 percent and 12.6 percent respectively
Net government debt stood at Rs. 20.879 billion in the same period, with a growth of 6.3 percent. The gross government debt was 67 percent in the period 2016-17, slightly less than the level of 67.7 percent of last year.
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