The finance minister said that the present government has averted the country from facing default by taking tough decisions and now it would achieve the sustainable and inclusive growth. Current account deficit has also projected to gone beyond the projected level. Budget deficit is projected to widen to Rs5.5 trillion as compared to the target of Rs3.195 trillion. CPI-based inflation was recorded at 11.29 percent in first eleven months (July to May) of the current fiscal year 2021-22. The Economic Survey shows that the government has missed to restrict the inflation rate at eight percent during the current fiscal year, as it has gone into double digits. The ministers did not share the details of economic survey but they criticized the previous government of PTI for its economic policies.
The growth of agricultural, industrial and services sectors is 4.40 percent, 7.19 percent and 6.19 percent respectively as against target of 3.5 percent, 6.5 percent and 4.7 percent respectively.įederal Minister for Finance and Revenue Miftah Ismail launched the Economic Survey at a joint press conference along with Federal Minister for Planning Development and Special Initiative Ahsan Iqbal, Federal Minister for Power Khurram Dastgir Khan and Minister for State for Finance Ayesha Ghous Pasha. The government also achieved other targets of agriculture, industrial sector and service sectors growth during the year 2021-22. The Gross Domestic Product (GDP) growth has projected at 5.97 percent as compared to the target of 4.8 percent. However, it missed targets like inflation, budget deficit, current account deficit and others. ISLAMABAD – The Economic Survey 2021-22 was unveiled here yesterday showing that the government has achieved most of the economic targets during the ongoing financial year.
| Growth of agricultural, industrial and services sectors is 4.40pc, 7.19pc and 6.19pc respectively as against target of 3.5pc, 6.5pc and 4.7pc respectively | Finance minister says govt has saved country from default by taking tough decisions | Announces pay raise forĬivil servants in budget | Ahsan says govt to complete CPEC projects Missed | GDP projected at 5.97pc as compared to 4.8pc target | Targets like inflation, budget deficit, current account deficit
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