Budget deficit bigger threat than Covid: Shahbaz.

LAHORE -- PML-N President Shahbaz Sharif on Saturday called the budget deficita bigger threat than Covid-19.

'For the first time in Pakistan's history the budget deficit has exceeded more than 10 per cent of the gross domestic product. This situation is very alarming and is a bigger threat than coronavirus,' he said in a statement issued here on Saturday.

The opposition leader in the National Assembly said this 'historic deficit' had already weakened the national economy before the Covid-19 pandemic broke out. 'The Imran Khan government has also failed to overcome circular debt which has soared up to Rs2.1 trillion - three times more than what it...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT