Pakistan Aims for Lower Economic Growth, Sees Double-Digit Inflation 2022/23 Budget

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - ISLAMABAD. Pakistan Finance Minister Miftah Ismail on Friday unveiled the budget for the 2022/23 fiscal year starting July, aiming for economic growth of 5% amid pressure to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money.

The nation of 220 million people is facing a balance of payment crisis with foreign reserves falling below US$ 10 billion, hardly enough for 45 days of imports, a widening current account and ballooning fiscal deficit.