Finance Ministry to provide real picture of public debt: Shamshad : AsiaNet-Pakistan

Finance Ministry to provide real picture of public debt: Shamshad

July 12, 2018 | | Share:

Caretaker Planning Minister Dr Shamshad Akhtar has commended the ministry for taking initiative to provide real picture of the public debt and remove the misconceptions being spread in the public debates and media.

Addressing a seminar on 'Public Debt-Issues, Challenges and Way Forward' in Islamabad, she said the Public debt should not be measured in isolation as it is governed under Fiscal Responsibility and Debt Limitation Act, 2005.

She informed that public debt mainly increased due to fiscal deficit, IMF loan, balance of payments requirements and rupee depreciation against the dollar.

Source: Radio Pakistan

Category: Business & Finance, Company News