Fiscal deficit to remain within target


With continuity in fiscal consolidation efforts, the fiscal deficit for the entire fiscal year is expected to remain within the target, according to Finance Ministry report.

“For Fiscal Year 2022, the fiscal deficit is budgeted to be at 6.3 percent of GDP,” said monthly Economic Update and Outlook for June 2021, adding that the fiscal consolidation efforts continued to remain on track throughout the year.

The report attributed the improvement in the fiscal discipline to the successful implementation of the measures introduced by the government.

It said the fiscal deficit is 1.1 percentage points lower than the last year and recorded at 4.2 percent of GDP during July-April FY2021. —APP

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