Govt announces medium-term budget strategy, forecast up to 2023

3 ISLAMABAD: The Ministry of Finance on Wednesday announced its medium-term budget strategy, issuing a forecast up to fiscal year 2023 (FY23). In its statement, the finance ministry said government guarantees would be brought down by FY23 and the budget deficit would cut to 3%. In light of the geopolitical situation, security needs would have to be bumped up, while provinces will be encouraged to invest in human capital development.