By Asif Shahzad and Gibran Naiyyar Peshimam
ISLAMABAD (Reuters) – Pakistan’s government will target a fiscal deficit of 6.54% of GDP for the 2023-24 fiscal year, its finance minister said on Friday, a much larger shortfall than the current year’s original estimate of 4.9%.
Finance Minister Ishaq Dar announced the deficit during a speech to the national legislature announcing the government’s annual budget. A source had said earlier in the day the budget was seen targeting a fiscal deficit of 7.7% of GDP.
(Reporting by Asif Shahzad and Gibran Peshimam; editing by Krishna N. Das, Louise Heavens and Mark Heinrich)
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