SBP revises projection for budget deficit, predicts negative GDP growth for remaining fiscal year

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Governor State Bank of Pakistan Reza Baqir. Photo: File ISLAMABAD: The State Bank of Pakistan (SBP) has revised upward its projection for the country?s escalating budget deficit to 9.2% of GDP equivalent to Rs3,857 billion in post-COVID-19 situation for the current fiscal year against earlier projection of 7.2% of GDP or Rs3,170 billion.

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